Investing and patience

[steelyman]

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.

 

[NW-Bound]

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.

 

[eytonxav]

Absolutely, investor psychology (eg getting nervous) can be the biggest distroyer of wealth. I for one have been a victim of that.

 

[Bestwifeever]

...

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

That is exactly what my doctor said. I think.