2020 Is Upon Us

Happy Thanksgiving to all of my U.S. readers!

2019 has been a great year to own stocks, year to date. The S&P 500 is up 24.42%, the Dow is up 19.58%, and the Nasdaq is up 27.95%.

At the very least, if you owned an index fund of the Dow, you would have made 19.58% – which is outstanding!

I’ve said it before and I’ll say it again: you’re crazy not to own stocks.

Yes, I know about the stories from the market crashes in 1929, 1987, 2000, and the Great Recession of 2008. I know there are people that invested in companies like Lehman Brothers, Bear Stearns, Wachovia Bank, Washington Mutual, General Electric, General Motors, and the long list of companies that went bankrupt. Many of these people lost much, if not all, of their life savings, forcing them to forgo retirement and continue working well beyond the years they planned. These stories are tragic…and I feel for every individual in those circumstances.

Yes, there will always be risk of loss in any investment. In my opinion, however, the potential rewards far outweigh the risk.

For every Lehman Brothers, there are stories like Walmart, Home Depot, Microsoft, Dell, Amazon and Netflix. Investing in any one of these companies could have made you a millionaire.

When I invest, I always keep my focus on what will happen if my investment works out…not what will happen if it goes wrong!

If you did not start your investing journey in 2019…what held you back?

Was it fear of loss?

Was it that you didn’t know where to begin?

Whatever your reason…a new year and decade is upon us.

I am a firm believer that the stock market will create massive wealth over the next 25 years.

Make 2020 the year you get started building your wealth.

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

 

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