twilight zone
New member
...about the market...? but instead invest in it? I quote him:
"I believe that one of the closest things to a worry-free, wealth-building strategy is to invest, long term, in the stock market, preferably through your company 401K or, if you're self-employed, your SEP. Why? Because historically, to profit from this simple, well-known strategy, it doesn't matter in the short term if the market is going up or down. You win either way. There is absolutely nothing to worry about.
Once you commit to the "don't worry" attitude, you'll chuckle as you notice how many people worry, every day, unnecessarily, over which direction the market is moving. "What a relief, the market is having a good day" and "Oh no, the market is down" are frequent comments, but in reality, they have virtually no relevance if you are investing for the long term.
What is there to worry about? By implementing the "pay yourself first" strategy, by investing a predetermined percentage, such as 10 percent of your income to yourself (into high-quality, no-load mutual funds), you virtually guarantee that, over time, you'll amass a small fortune. You simply put the money in, month after month, and leave it there.
If the market is going up, your invstment is worth more money. Congratulations, you win. But if the market is going down, your next investment will afford you the luxury of purchasing more shares of stock at a lower price. Congratulations, you win again!
To top off this worry-free, wealth-building strategy, you can get the federal and state governments to pitch in a third, or even more, of your total investment. By using a company retirement plan or self-employed SEP, you can deduct your contribution from your taxable income up to a certain maximum limit, saving thousands of dollars and reducing the out-of-pocket costs of your investment. Your tax adviser, or even a knowledgeable friend, can probably show you how simple it is to accumulate wealth using this strategy and how to maximize the government's contribution toward your financial goals. The point here, however, is to show you that "don't worry" is not simply a cliché. There are many worry-free, practical approaches to building your fortune; this is simply one of the best. As always, your external success begins with your attitude toward life.
In very simple words, where and to whom do you go to to invest in the stock market. And what is a company's 401K? I also don't even know what is stock? Thank you so much for your time. Oh, and by the way, do you agree with this author?
"I believe that one of the closest things to a worry-free, wealth-building strategy is to invest, long term, in the stock market, preferably through your company 401K or, if you're self-employed, your SEP. Why? Because historically, to profit from this simple, well-known strategy, it doesn't matter in the short term if the market is going up or down. You win either way. There is absolutely nothing to worry about.
Once you commit to the "don't worry" attitude, you'll chuckle as you notice how many people worry, every day, unnecessarily, over which direction the market is moving. "What a relief, the market is having a good day" and "Oh no, the market is down" are frequent comments, but in reality, they have virtually no relevance if you are investing for the long term.
What is there to worry about? By implementing the "pay yourself first" strategy, by investing a predetermined percentage, such as 10 percent of your income to yourself (into high-quality, no-load mutual funds), you virtually guarantee that, over time, you'll amass a small fortune. You simply put the money in, month after month, and leave it there.
If the market is going up, your invstment is worth more money. Congratulations, you win. But if the market is going down, your next investment will afford you the luxury of purchasing more shares of stock at a lower price. Congratulations, you win again!
To top off this worry-free, wealth-building strategy, you can get the federal and state governments to pitch in a third, or even more, of your total investment. By using a company retirement plan or self-employed SEP, you can deduct your contribution from your taxable income up to a certain maximum limit, saving thousands of dollars and reducing the out-of-pocket costs of your investment. Your tax adviser, or even a knowledgeable friend, can probably show you how simple it is to accumulate wealth using this strategy and how to maximize the government's contribution toward your financial goals. The point here, however, is to show you that "don't worry" is not simply a cliché. There are many worry-free, practical approaches to building your fortune; this is simply one of the best. As always, your external success begins with your attitude toward life.
In very simple words, where and to whom do you go to to invest in the stock market. And what is a company's 401K? I also don't even know what is stock? Thank you so much for your time. Oh, and by the way, do you agree with this author?