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Investing and patience
Old 01-14-2014, 03:45 PM   #1
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Investing and patience

I'm by no means a finance pro (so don't ask me what to do with your money), but for me the important thing has been not to freak out - remember 2008-9? - and tune out those heads on the financial shows.

That's probably the best thing I've learned: patience.


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Old 01-14-2014, 04:31 PM   #2
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Yes, investing in stocks takes patience, and a lot of it.

A person investing in the S&P in Jan 2000 and adding nothing to his investment and only re-investing dividends would have to wait until mid 2013 to break even with inflation.

"Old age is the most unexpected of all things that can happen to a man" -- Leo Tolstoy
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Old 01-15-2014, 07:52 AM   #3
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Absolutely, investor psychology (eg getting nervous) can be the biggest distroyer of wealth. I for one have been a victim of that.
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
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Old 01-15-2014, 08:25 AM   #4
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Originally Posted by steelyman View Post

That's probably the best thing I've learned: patience.
That is exactly what my doctor said. I think.
Go Cubs
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