This month I feature a wonderful 2 minute video “Tuning out the Noise” by Dimensional– a mutual fund company I use.
As Warren Buffett says: “The stock market is a device for transferring money from the impatient to the patient.”
If you invested $10,000 in the S&P 500 twenty years ago in March of 1998, held and reinvested dividends, you would have $36,244 in March of 2018. This despite two significant intervening market meltdowns.
Even my oldest clients likely have a 20+ year time horizon. Heck, one of my clients in her mid-70’s works out like Ruth Bader Ginsburg and can do one-armed planks.She’s invested for the long term. And you should be too.
Save. Invest. Repeat. The formula for achieving real wealth.