You should always be taking a portion of your savings and investing it for the long term. Look at your salary, try and save 10% every time you get paid. Think of all the crap you buy you don't need. That can be put to work in the stock market. And over time you get 7 or 8% annualized over a long period of time. That's what it's provided for the last hundred years and my bet is it will continue to do that for the next hundred.
Most people of this generation are not used to major corrections. And so now we're starting to get them. These are normal phenomenon. It's much better if you're an investor to think long term. Buy companies that are profitable, that have good balance sheets, that pay dividends and you can sustain yourself through these massive corrections.
~ Kevin O'Leary, "3 reasons why the stock market is plummeting - and what you should do," CNBC.com, December 6, 2018
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