Eduard Torruella @EduRoig: "Days like today are exactly..."

Spain

Days like today are exactly why staying invested matters. It’s tempting to try to “avoid crashes” or step aside during periods of uncertainty. The problem is that markets don’t recover gradually. Historically, the biggest positive return days tend to happen very close to the biggest down days. If you miss those days, you often miss a large part of the long‑term returns. Over the period 2003–2022, a 10,000$ investment in the $SPX500 grew to roughly 64,800$ if you stayed fully invested. Miss just the 10 best days, and that value drops to about 29,700$. Miss 20, and you’re down near 17,800. Miss 50 or 60 of the best days, and most of the long‑term return is gone. What’s even more important: 7 of the 10 best days occurred during bear markets, and some of the strongest rallies happened immediately after some of the worst sell‑offs. That’s exactly why I increased investment last month and again last week. Not because uncertainty is gone, it clearly isn’t, but because uncertainty is when risk premiums improve. I don’t believe the conflict is over, and it’s unrealistic to think that oil disruptions or geopolitical tensions get resolved in 24 hours. Volatility will likely remain elevated. That said, it’s also becoming increasingly clear that the US wants this conflict to de‑escalate. Trying to time every entry and exit often feels safe, but in practice it usually leads to missing the moments that matter most. Staying invested, adding exposure when fear dominates, and accepting short‑term volatility is how long‑term capital is built. Patience it’s a strategy. $GOLD $OIL $BTC

Not investment advice. The author may have financial interests in the mentioned instruments.