The secret to successful investing?
TIME
The most powerful factor in building wealth is TIME. It’s been proven that the best way to succeed is by getting invested and staying invested. Successful investing is less about timing the market and more about giving a quality portfolio of investments the time it needs to grow.
Allow the long-term historical track record of the markets be your guide. In times of volatility, history tells us the worst times in the market are often followed by the best times. Investors often look to take money out of the market in a downturn, missing the subsequent upswing and price recovery.
There’s a saying “the best time to plant a tree was 20 years ago, the second best time is now.”
The same can be said for compound interest. The earlier an investor can start taking advantage of the effects of allowing their money to compound, the more time their money will have to grow.
Time is on our side, the more we have the better results we can expect in the long run.