Having a Long Term Perspective Will ALWAYS Pay a Role in Your Profits
Good morning from Kyoto, Japan where I’m writing to you from the banks of the Kamogawa River.
This week I want to keep things shorter than usual because, in a way, what I am about to say may just be simpler than usual.
It also be entirely counterintuitive, especially for newer investors who feel a sense of urgency to get into the markets and buy something.
But having a longer term perspective on your investments will set you up for unprecedented wealth even if you’re a short-term trader, even if you’re driven by headlines, even if you fear the upcoming presidential election, even if …
Because money, like the river I’m sitting next to, goes through various seasons – boom and bust, up and down, growth and recession and so on. This means that you’ll be dealing with it for years, even decades.
That’s why you want to pick companies that can withstand the test of time. No matter what happens in the short-term, these are the ones that will really make you and your money shine for years to come. Plus, as an added benefit, you can pick up where you left off if needed.
That’s why you want to value your investments. It’s easy to take companies for granted and always be chasing the next best thing when, in reality, it’s the next “sure” thing that matters most.
Successful investors often limit the number of investments in their portfolio to just a few choice companies that they then cultivate for lack of a better word for years. I try very hard, for example, to limit my recommendations in my paid sister service, the Money Map Report, to those capable of consistent performance and big profits year in, year out in all market conditions.
My competition, unfortunately, is all over the proverbial map and seems to make recommendations that strike me as the financial version of throwing spaghetti against a wall to see what sticks. But, that’s a story for another time.
Nothing happens by accident when it comes to your money.
Now is not the time to overthink your investment approach any more than it is time to second guess what the river will do tomorrow. Both will continue to flow.
With that, thanks for spending a few moments of your valuable time with me today.
I’m going to pack up and head home for a bit of dinner. Tonight we’re making a wonderful hot pot sorta stew thing called “nabemono” which literally means things in a pot. And I’ve got to run to the market to pick up some vegetables and thinly sliced pork as part of that.
- Pick companies that can withstand the test of time because they line up with or more Unstoppable Trends, make “must-have” goods and services and are changing our world.
- Successful investors often limit the number of investments in their portfolio to just a few choice companies that they then cultivate for years. Less is quite literally more when it comes to profits.
- Nothing happens by accident when it comes to your money.
Until next time,