Characteristics Of A Long-Term Investor | Erik Averill, Brandon Averill | AWM Insights #12

We've said that trying to predict markets is a dangerous game to play, so now that the country begins to open up - how do we answer the frequently asked question of what the market will do over the coming months? We typically start our response by revisiting why our clients are invested in the public markets in the first place. The answer should not be to try to make a significant return within the short-term - 12 or 18 months - but is most often the goal of generating wealth over the long-term.As humans, we tend to shy away from uncertainty and instead have a tendency to lean toward people who confidently declare certainty about what will happen in the future. That's why it can be easy to find "experts" who claim they've figured it out or try to predict what will happen in the immediate future. However, the data repeatedly shows that this is a fool's game. The reality is that no one has a crystal ball on what the market will do through the rest of the year.In this episode, Brandon and Erik discuss this idea and cover:The characteristics of a long-term investor vs a day-to-day market timerSome of the core principles to help make sure to capture the long-term market potential returnsThe importance of a globally diversified portfolioWhat the backbone of most plans should typically be based around