08/24/2021
Top 10 Long-Term Investing Tips For Beginners 🔑
1 of 10: Start now!
Do not try to wait for the "perfect time" to enter the market; instead, start as soon as you can and continue to add to it.
Also, it is best not to expect massive gains in your first year(s) and to not panic if your fundamentally sound investments are down some years — buy more while they are on sale! 🛒
Example:
The 20-year span from 2000 to 2020 included three bull markets 📈, two bear markerts 📉, and two major "black swan events" with the terriost attacks on 9/11/01 and the financial crisis in 2008. Even with those setbacks, the S&P 500 was still able to generate a return of 8.2% with reinvested dividends. After being adjusted for inflation, the return was 5.9%, which would have turned an inital $10,000 investment into $31,200. 💸
Source: https://www.investopedia.com