One of our responsibilities as an investment advisor is to help you put market news in its proper perspective, especially when the media is reporting global market corrections in the wake of political events.
If you're reading or watching the popular press, you're seeing a lot of storm and fury having to do with the new presidency, Brexit, rising interest rates, and general uncertainty of what is to come. As the popular media scrambles to explain the unexplainable – what is happening with the markets right now, what may happen in the future and how long it's going to last – we thought we'd share a headline of our own:
"The stock market is a giant distraction to the business of investing."
So said Vanguard founder John Bogle in his 2007 classic, "The Little Book of Common Sense Investing."
These are timeless words to invest by, as is Bogle's deeper explanation of them: