Persevering through the rough places

Market reversals will come. If you didn't know that before, the period from October 2007-March 2009 made it abundantly clear!

Unfortunately, many investors run for the exits as bear markets unfold, and then are skittish about getting back in for fear that another drop might occur (statistics suggest many investors who bailed during '08 and early '09 still haven't returned). Such an approach to investing is rarely productive. Often, it all but guarantees poor long-term returns.

A better approach is to persevere through the tough spots. But you're not likely to persevere unless you have a plan - a plan you can stick with even when the going gets tough.

SMI's assistant editor Joseph Slife talked about this a few days ago with host Bob Crittenden on Faith Meeting House, a program produced by Alabama's Faith Radio.

Click the arrow below to listen (22 min.) - or use this link to download (right click/save as).

_____________________________________________________________________________________

Matthew Pryor in his 8th year with Sound Mind Investing, now serving as Director of Operations. Visit www.soundmindinvesting.com to learn more.