In America, older people face the inevitable truth that driving becomes a safety hazard. You’ve been driving your whole life, but age catches up – your vision blurs, your reaction slows, and your hands start to shake. For some, it happens at 60, for others at 80, but it happens to everyone. And convincing yourself that it’s time to hang up the keys is no small feat. So, if you hastily closed the trades and cashed out in the first quarter of 2024, this is a good sign that you can no longer trust yourself. You won’t be able to fight the temptations of trying to beat the market.

The best predictor of future behavior? Past behavior. Sure, some of us claim to learn from our mistakes, but let’s be real, we mostly stay the same. If you panicked before and then told yourself it wouldn’t happen again, you’re probably lying to yourself. Next time, you’ll find another excuse to panic, with even more money at stake, and you’ll be more terrified than before. And it will all happen again, only with less time left until retirement.