Building wealth over time requires consistency and patience with long-term commitments, even if you may have the impulse to react to market fluctuations. Micro-managing your investments is often counterproductive – selling and buying too often is not only exhausting, but it also opens you up to making mistakes more frequently. The most effective strategy is to play the long game.

A great way to avoid making impulsive decisions is to read up on how your behavior and emotions affects your decision making. The more informed you are about common human biases, the easier it is to recognize them in yourself and make wiser choices instead. For more information, check out this article on investment time horizons and becoming a better investor.