I just listened to The Motley Fool Money podcast entitled “David Gardner on Investing During Tough Markets”.
In it, Chris Hill discusses with David Gardner, co-founder of The Motley Fool, about maintaining a “net buyer mindset” during a downturn and more.
Something that stood out for me during the discussion was how David Gardner connected the current market situation to a famous line from the Finding Nemo movie.
Here’s what Gardner shared in the podcast about staying the course and investing for the long term (emphases are mine):
“I would say first of all that I’m always investing, ABI always be investing. Chris, I think everybody should always be investing if you are not in retirement. If you’re not about to retire, you should be a net saver and you should just be adding that money to the market through thick and through thin. In this sense, let’s go back to Finding Nemo. …
Just keep swimming. I found myself using that as a hashtag on Twitter throughout a lot this year. I spoke to it on my podcast. It’s always true anyway. If you are earning a salary, you should be saving every two weeks and I think you should be adding it to the market in whatever way you prefer, whatever your orientation is [be it in funds or individual stocks], but just keep swimming …
I think the reason we need to say just keep swimming is not when the tide is coming in and/or the surfing feels good, I think that Dory starts saying just keep swimming because it’s a time of stress. It underscores the times when it’s hard, that’s when we need to hear that phrase, even though we should always be doing that all the time anyway.”
Here’s the clip from the Finding Nemo movie:
So even when the going gets tough in the stock market, just keep swimming…
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