Mike Gilman
A
Investing can be as simple as this:

Buy quality companies, do nothing, and sell rarely.

The key is to resist the urge to tinker with your investments and let them grow over time.

Patience is key, it is definitely a marathon and not a sprint when it comes to investing.
04:38 PM - Feb 21, 2023
Avatar
0
3
1
Duality ACAB
A
I like your sentiment, but I would change quality companies to low-cost index funds. Quality companies can be a confusing term and change from day-to-day. Something like an S&P 500 index fund is a great place to start.

*Each person is different. Consult a professional for your personal situation.
In response to Mike Gilman.
04:42 PM - Feb 21, 2023
2
1
David 1914
A
In response to Duality ACAB.
I would agree. At one point General Electric and Research in Motion would have been considered quality companies.

IMO, it is better for beginner and average investors to invest in a low cost S&P 500 or Total Stock Market index fund. They are self-cleansing as JL Collins likes to say.
10:12 AM - Feb 26, 2023
0
1
Mike Gilman
A
In response to Duality ACAB.
Well said. I am a big fan of Index Funds and EFT's. I got lucky when I was younger on a quality company that stays steady now. Thanks
04:51 PM - Feb 21, 2023
0
2

 

{{ notificationModalContent }} {{ promptModalMessage }}