Awhile ago, I registered for a webinar, “Does long-term investing still work?‘ by The Fifth Person on the 20th June 2018. I found it particularly good for beginners. In the webinar, Rusmin mentioned about what really is long term investing and for him personally is 5-10 years. He also mentioned that having a long term stand in the stock market proved to be more profitable than a short term position.
One point that Rusmin emphasized regarding long term investing was the emotions that the investor would experience. Some years your portfolio would have good performance whereas other years would not be good. He mentioned that with the easy accessibility of news nowadays, it is easy to get swayed by ‘noises’ that may change or affect your decision. Of course, if you have done your research on the company, holding for 10 years would usually profit.
I have been affected by price fluctuations