Fears are running high due to the rising COVID-19 pandemic. It is expected that this will continue to have an impact on the mindset of investors, and thus, impact markets as is currently being seen on local and international markets.
However, the negative impacts on the market will only happen to a significant degree if we as investors allow it. While many see this global crisis as cause to panic-sell in some attempt to “salvage” their investment, the wise investor will recognise that this actually provides an opportunity to exercise patience.
Those who are looking to the media for financial answers during this time will find that they are often encouraged to act rather than be patient. It is important to highlight that there is a reason long-term investing is not equally promoted. And why is that?