For the rest of your life, people will tell you that “now is a bad time to invest”. The truth is, there is always stuff going on in the world that makes investing seem like a bad idea. But none of that matters for a long term investor.
Trying to pick the right moment to invest is impossible. The best time to invest is as soon as you can so you can let compound growth work its magic for as long as possible. Don’t get fancy with your investments whenever there are negative events happening in the world. Attempting to do this will almost certainly hurt you more than help you.
To build wealth, simply start investing and don’t stop. Invest a portion of every paycheck no matter what is happening in the markets. Buy in good markets. Buy in bad markets. That’s the only way to guarantee yourself a fair share of the market growth over time.
The graph is a log graph of $10,000 invested in the S&P 500 in the year 1950. The $10,000 would be worth more than $10 MILLION today.
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
-Vivi & Shane
