How many of you are familiar with the saying “What you don’t know can’t hurt you”?
Well…51 years on this planet has taught me that that phrase could not be any more wrong.
Lacking knowledge, and making choices based on your lack of knowledge, can be incredibly expensive over one’s lifetime. Think about it: how many times have you said to yourself, “…if I knew then what I know now…”? How different would your life be if you had?
This is especially true when it comes to lack of knowledge about how to invest, or about how long to hold stock.
If you’ve read my book, The Stock Market is For Everyone, you know my story.
To all my Wealthy Joe followers – and to those of you who are new here looking for investing ideas – you need to know that investing in stocks is one of the most important things you can do for yourself and your family.
Whether you believe it or not…it’s true. Whether you buy into it or not…it’s true.
I have nothing against real estate. But I’m a stock guy.
My mission is not to encourage you to invest for six months or a year. The best of the best type of investor to be is is one for life! That’s how you will accumulate a fortune. That’s how your net worth will explode.
Commit to invest for life!
Hello, Joes and Janes! I hope all my readers in the U.S. had a great Thanksgiving.
In case you missed it, I wrote a post on Social Security over the weekend. It addresses common misconceptions people have about the program. Please take a look if you haven’t yet, and please share the information with your loved ones and others. Thank you in advance!
Over Thanksgiving dinner, I had a conversation with my niece about investing. I knew that she had read my book, The Stock Market is For Everyone. So I asked her whether she had started investing yet.
Her answer was no, because she didn’t have enough money.
I asked her if she could invest $25 per paycheck. Her answer was yes! I excitedly replied that indeed she can definitely start now!
All she needed to do, I told her, was download the Robinhood app and get going! With no commissions to pay, Robinhood is great for the beginner who has little investment capital.
About six months ago, we started a Wealthy Joe Investment fund on Robinhood with $105. We are now up over 150%. That $105 is now $269!
It may not be earth shattering, but it’s all about the compounding. If we keep up this performance, the account will grow quite substantially over the next 10 years.
Have you started investing yet?
If not, why not? Do you think you don’t have enough money to invest?
Start small. With time and patience, your investment will grow.