Just Keep Buying

If you want the upside building wealth, you have to accept volatility and periodic declines that come with it. It’s the price of admission for long-term investment success. If you’re not willing to react with equanimity to a market price decline of 50% two or three times a century, you’re not fit to be a common shareholder, and you deserve the mediocre result you’re going to get. In other words, the market only offers two to three perfect buying opportunities per century, and you absolutely should not miss them. ...

After you stop working your 9 to 5, your money can keep working for you. 停下你的朝九晚五工作后，你的钱可以继续为你工作。 Conclusion: The Just Keep Buying Rules Highlight(yellow) - Page 281 · Location 4366 Saving is for the Poor, Investing is for the Rich Find where you are in your financial journey before deciding where to focus your time and energy. If your expected savings are greater than your expected investment income, focus on savings; otherwise focus on investing. If they are similar, focus on both. (Ch. 1) ...

Most Stock Markets Go Up Most of the Time Including during World Wars and COVID-19 Most stock markets go up most of the time. While it feels like we are always at the epicenter of a market crash, the fact is that major crashes are very rare. This is why Average-In has performed poorly for most of history. The Best Time to Start Was Yesterday The next best time is today. The best time to start was yesterday. The next best time is today. ...

First, figure out how much you expect to comfortably save in the next year. Next, determine how much you expect your investments to grow in the next year. Finally, compare the two numbers. Which is higher, your expected savings or your expected investment growth? If your expected savings are higher, then you need to focus more on saving money and adding to your investments. However, if your expected investment growth is higher, then spend more time thinking about how to invest what you already have. If the numbers are close to each other, then you should spend time on both.