Just in case it has slipped your attention, school starts again next week.
Importantly, this means that once again peak hour traffic volumes will increase as will travel times.
We are all trying to reach a destination so we can do something that is important to us. The rate of our progress will be faster or slower depending largely on the nature of the traffic during our journey. If traffic is good we will move faster, reaching our destination earlier than planned. If traffic is bad though, it might take us longer than we would have liked to get there.
While we know traffic can be variable and unpredictable, that doesn’t stop us travelling. We just accept that reaching the goal is what is important, and if it takes a little longer to get there that is just the way things go.
Investing is quite similar to this.
We all have financial objectives we are working towards - destinations that will ensure we have sufficient money to do something that is important to us. How long our journey takes will in large part be determined by the traffic (the markets) we experience on our journey.
But if the destination is worth it, does a bit of a delay matter that much?