Chasing Returns
Learning to crawl, walk, then run…
When my kids first learned to run, I had a blast chasing them around the backyard.
Once I caught them, I’d let go and off they’d go and we’d do it all over again.
Most young investors chase returns of the likes of Game Stop never realizing that compounding is the best determinate of long-term success.
And the key to making compounding work for you is putting money into investments, and letting the investments do the work over time.
But right now, too many investors are too smart, and they are chasing what’s hot for returns without realizing most get wrecked when doing this.
It may not happen the first time they chase, but eventually it will happen.
If you’re up for chasing anything, chase after Quality companies that you can trust and feel good about owning over the long-term of 3-years or longer.
Do not chase returns and what’s hot (I talk more about this here on our YouTube channel).
The best remedy for this is to treat all your money with a specific purpose.
All your money is NOT the same.
Some money you need sooner rather than later.
Make a list of what you need your money for– how much and when. Then set up your investing structure accordingly to help you achieve what you want.
I guess you could say in this you’re chasing a purpose and not a return.
Not sure how to do this?
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Quote:
“The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”
– Benjamin Graham