Here's some consistent advice I keep getting from different investors. Take it for what it's worth.
Investments usually do better over a long-term period. The market is always going to go up, even if it drops temporarily. Stock values will be higher in 10 years than they are today. If you want to gamble on short-term investments, you might hit a home run one time but lose ten other times.
I've resisted short-term investments because I don't know much about the markets. I think I'd be throwing my money away. I've hired professionals to invest my money. So far they seem to be getting the job done.
If you are younger, long-term investments probably have a greater payoff for you down the road.
Even if you are in your 20's, you can still cash in on some long term investments 20 or 30 years from now. That's pretty long-term.
|