You know there are bad things that can happen in investing. Stocks go up, stocks go down, and it’s not too pleasant when they go down. Why then would anybody want to invest?
If you take the shot and learn as you go, you could make money over the longer run. What kind of money? I generally shoot at 20% as a long-term average. The Nasdaq 100 index is near that over 5 years.
You could make 30-50% though. If you’re really good.
Why does it matter? Well the higher you go, the more quickly you double your original investment.
Is money so so important? Well no. Being super rich isn’t but being able to have a comfortable lifestyle in retirement is. Making it so that you don’t have to work but you can do all the things you’re used to doing.
Having a life and enjoying it is good. The earlier you get started, the more possible this is for your entire life.
Don’t give up music, or window shopping, or taking Sunday drives. Don’t give up on going to the movies. Don’t give up on everything you like or love to save and invest. Save and invest so that you don’t have to ever. Make it important enough so that you do it well, but don’t make it so important that it takes over your life.
Have a good Sunday night and feel free to drop me a line if you have any questions: brian@satterleegroup.com.