We keep reminding our readers – and ourselves – that in investing, avoiding losses is more important than achieving gains (even though the latter always FEELs better). The reason is a simple math fact - because compounding is mathematically asymmetric. A 10% loss requires more than a 10% gain to break even. When you actively withdraw, a loss can hurt even more. We feel this is particularly important under current market uncertainties, ranging from the direction of inflation, the possibility of interest rate changes, and also the likelihood of a recession.