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When investing your funds, the dead have the right idea.
You will find that there is an interesting story circulating on Wall Street. The way this story happened was that one day, the chief soybean counter of financial giant Fidelity conducted a large-scale study of the best performing investors of this type. They found that the accounts with the highest revenue were classified as “sluggish or inactive.”
In other words, the dead perform better on the stock market than the living. This is because the dead do not always manipulate their investment accounts like the living do.
Now, the only problem with this cool story is that there is no evidence that it actually happened. Google’s search results provide many stories about so-called “research”-but no actual research.
Obviously, this is the urban legend of Wall Street. Hey, this doesn’t mean that the point is still there. As most people will tell you, the biggest thing for any investor is time and patience. Trying to seize the opportunity, panic selling or buying due to FOMO will almost never defeat long-term holdings.
Therefore, whether it is dead or dead, these dead investors are to some extent. The dead can teach us four things about investing:
1. Buy and hold
The dead investors are the ultimate “buy and hold” investors-in this case, we mean that they just stay the same. Usually, the behavior of the dead is indeed consistent.
We asked Robin Hartill to provide some stock market advice. She is a certified financial planner and financial consulting columnist for The Penny Hoarder. She suggested that a certain amount of funds should be budgeted every month for investment.
She said: “Over the past 50 years, the S&P 500 has provided an average annual inflation-adjusted return of about 7%.”
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2. Don’t try to seize the opportunity
The dead know better than anyone: the passage of time is the most important thing. The same is true in terms of investment.
In other words, don’t try to seize the opportunity. Trying to predict the various booms and collapses that the stock market will inevitably experience is foolish. Instead, start investing as early as possible and focus on the long-term.
Hartill said: “The time to invest is much more important than how much time to invest.” “The cost of waiting for the best time to invest is high. You missed long-term growth.”
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There are two types of dead investors: the dead have life insurance policies to help their loved ones stay behind.And the dead hope They have a life insurance policy.
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4. Don’t think too much
Dead investors are good at not thinking about things. They just do their things casually without making a fuss. This is why their portfolio performs so well.
When investing, it’s like a dead person. Do not think too much.
Hartill’s advice: If you have time, the stock market will make money for you, so you’d better start early instead of later.
She said: “If you want to make quick money from the stock market, then this may not be a good time.” “But the real investment is not about making money. It’s about increasing your capital over time.”
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Mike Brasfield ([email protected]) Is the senior writer of The Penny Hoarder. He is not dead.
*For securities priced at more than US$1,000, the purchase price of fractional stocks starts at US$0.05.
**You will also bear the standard fees reflected in the ETF pricing in your account, as well as various ancillary service fees charged by Stash and the custodian.
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