The way your investment or retirement plan is constructed is critically important.
Your plan needs to be aligned to aligned with your long term objectives, consistent with your risk tolerance, grounded in reality, and robust enough to cope with varying market cycles.
That sounds like a tall order, but if your plan isn't well put together, you need to quickly revisit it, and ensure that it meets these criteria going forward.
The patient investor understands that a solid, well considered plan is a robust process that has navigated challenges before and will do so again in the future.
Strategic plans are there to keep you on track to your long term objective, so in times of volatility and uncertainty, take care not to undermine what you've achieved so far with short-term reactive decisions.
In other words, if you can get the foundation right first, then stick to it, your discipline and patience will eventually be rewarded.