XLC - My #1 Investment Advice: 'Stay The Course'

May, 06 2023 10:04 PM The Communication Services Select Sector SPDR Fund

2023-05-06 22:04:08 ET

Summary

The simple advice in this article may well be the most valuable investment advice you ever receive. I'll prove why.
As my followers know, I advise investors to build a well-diversified portfolio and hold it throughout the market's up-n-down cycles. Sounds easy, right?
It is: but only if you "Stay the Course". Unfortunately, many ordinary investors are prone to being swayed by short-term market "noise" and advice by "professional investors".
That leads to short-term investment decisions trying to "time the market". But you have to be right twice: when to get out and when to get back in.
My advice is simple: build a well-diversified portfolio, hold onto it through the market cycles, and add to it on significant dips.

For further details see:

Company Name:	The Communication Services Select Sector SPDR Fund
Stock Symbol:	XLC
Market:	NYSE