Think 20 Years From Now!

OK, so…if you own stocks, it has been very, very painful over the last two months.  No two ways about it.

Some companies gave back gains that took years to amass in a matter of months.

What we must remind ourselves to do at times like this is focus on the long term.

The success of an investment is not measured in weeks, months, or even years.  It’s measured in decades.

Remember my post last week on compound interest that turned $100 into $5000 over 20 years?  That’s how successful investing is measured.

I know it sucks to watch your account lose money every week.  I know!  But remember why you bought those companies.  If nothing has changed with the fundamentals of a business, you may now have the opportunity to buy more of that companies on sale.

The only term we care about is the long term.  That’s what investing’s about, and that’s what leads to financial freedom!

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 here 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.)

 

Insider Trading

Recently, former Cleveland Browns linebacker Mychal Kendricks and Damilare Sonoikia, a writer for the TV show “Blackish”, were charged with insider trading.

I’m writing about this because I want my readers to know what insider trading is.  Very simply, you are committing insider trading when you receive information about a company before that information has been disseminated to the public, and decide to use this material information and purchase stocks or options.

Now, the mission of Wealthy Joe Investing is to introduce, educate, and inspire the world to invest.  Having said that, let me take this opportunity to inform you that if you are ever in a situation in which you can profit from insider trading, DON’T DO IT.

No matter how tempting it may be, DO NOT EVEN CONSIDER IT.

Not only is insider trading illegal, but it is impossible to get away with it.  Impossible.

For more information geared to new investors, please pick up a copy of my guide, The Stock Market is For Everyone.  This book also makes a great gift for the new investors in your life!

 

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 here 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.)