from Western Journalism:
It works! Making an investment plan and sticking to it — even in the most frightening of times — it does work in the long run. A new study confirms that those who had the discipline to stay invested and keep their regular plan of adding more money to their 401(k) plan during the fearful investing period of 2007 through 2012 came out winners despite the huge market decline early in that period.
The Employee Benefit Research Institute and the Investment Company Institute studied real-life retirement accounts and found that at year-end 2012, the average account balance of the “consistent participants” was 67 percent higher than the average account balance of all participants in their huge database of 24 million plan participants. Within that group, only about 7.5 million were considered consistent participants.
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