Forget about your investments!

No one is telling you not to invest.
Absolutely you must but listen to Warren Buffett

In his 1996 chairman’s letter to shareholders, he stated: “inactivity strikes us as intelligent behavior.” In a similar vein, he observed in his 1990 letter that “Lethargy bordering on sloth remains the cornerstone of our investment style.”

From the little I know about stocks ‘n shares, it appears to me that they are quite volatile especially compared to property. However it seems in the long run that the share investments, if left, reach a reasonable increase in value. So unless you are a budding stockbroker and prepared to take your chances selling and buying it seems pretty logical to let sleeping investments lie and reap the rewards down the road. I found these tips:

The secret to the success of these investments is to have a monthly debit order and then to forget about it.

  1. Let the market or the fund managers do the hard work for you.
  2. Best of all, these investments can grow into a fortune over the years… and often the returns are far greater than a regular retirement fund.
  3. The investor’s best friend, compound interest, is on your side. As the returns of your investments pay out, reinvest them and make your money grow even faster.
  4. Remember… with these sorts of investments have to have an investment horizon of at least five years but, the longer the better.
  5. Increase your monthly debit order as your monthly salary increase or invest in more unit trusts or ETFs to increase your wealth over the years.

Well I’m certainly hoping the above advice works for my pension investments. To date they are in a deep trough so I only have one option and that is to forget about them and wait for the longed for uprising one day!

In the meantime I am not putting any more savings into those investments. Instead, I’m working with a crowd-investing property platform. Lots of flips – lots of control over what I invest in- no hassles and, lots of profits too! What’s more I’ve found a fun way to invest in property.

Loving life I am 🙂

Go well till the next time
www.flipping2retirement.net

sources:

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