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BlackRock
CEO Larry Fink urged investors to resist the temptation to time markets, arguing that staying invested through periods of turmoil has historically delivered far stronger returns.
“Over time, staying invested has mattered far more than getting the timing right,” Fink wrote in his annual chairman’s letter released Monday. “Some of the market’s strongest days came amid the most unsettling headlines.”
He pointed to the past two decades as a stark example: every dollar invested in the S&P 500 grew more than eightfold. But investors who missed just the 10 best days over that stretch would have earned less than half as much.
