You don’t have to have your homerun hitters at bat every time to create wealth in the stock market. A reasonable annual return and time will do the trick. Swinging for the fences, whether it be concentrating your portfolio in just one or two high-flying technology stocks or buying penny stocks, also increases your chances for that killer loss that will take years to recover.
Indeed, investors who swung for the fences in recent years now wish they had choked up on the bat and slapped some singles.
Remember: The secret of investment success is to continue to set aside money to invest over time, and to generate a reasonable rate of return each and every year while avoiding the big loss.
That alone is more than enough to make you achieve your financial dreams.
No comments:
Post a Comment