The difference in your total stock returns over 40 years, say ages 30 – 70, making a 8% return a year vs a 12% return a year on $100,000 initial investment is huge.
8% equals: $2,172,452
12% equals: $9,305,097
As an investor you cannot afford to miss out on 40 years of better performance, because you will never get those years back! Little good decisions made every year can lead to major future gains as in this example is over $7,000,000
Being a sound investor just requires a certain control of your temperament and the ability to know what you know and what you don’t know and occasionally act! Building long term wealth is a get rich slowly scheme.
The big money is in the waiting. Investing is a long game. It’s about picking solid assets and holding on to them. The real gains come from staying in the game and letting your investments compound over time. Successful investing isn’t flashy. It’s about patience and discipline.
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