As 2012 begins, I have noticed that people are frustrated with the markets and some are thinking about sitting on their hands. What really should be occurring is to actively capitalize on the opportunities which lie in front of you.
I have never meet anyone who can predict interest rates, the future direction of the economy, or the stock market. Everyone needs to dismiss such forecasts and concentrate on what is actually happening to the companies in which they are invested. When you invest in the market you are not buying a lottery ticket but ownership in a company. It takes time for companies to accomplish their goals and as they are selling their products or services unplanned challenges such as tax law changes or Dodd-Frank rules for publicly trading companies can slow this progress.
It is always hard to go against the crowd and buy when fear is so rampant, but that is exactly what you need to be doing.
The most famous American investor’s company, Warren Buffett’s Berkshire Hathaway, continues to be down. However, he has been adding to many of his positions which compose the company and I recently read his favorite holding time frame is forever. Holding instead of folding or trading is how Warren created his wealth and, due to the circumstances which were created in the fall of 2008, everyone has been given the opportunity to create wealth over time.
What I have learned over the last quarter of a century is patience is imperative to anyone’s success, that everyone is wrong about 30% of the time, and, lastly, emotions need to be controlled so that intellect can rule.
Let’s have a conversation
Let’s get together, face to face. I will help you experience — and understand — how your money will grow in the world of long-term investments. Let me show you how much fun it can be! Call me, Vicki L Wille, today at 702-878-9562.
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