The irony of equity investing is this: if you knew nothing about the stock market and did not follow any financial news, you have probably made a very handsome return on your investment, but if you tried to be a little bit smarter and read any commentary from experienced managers, you probably performed poorly.
Being able to recognize and silence investment noise is critical to your financial success. Stay the course, adhere to a rules-based, disciplined approach, and you’ll have better investing results for it.
Compound interest is definitely powerful, and can be critical to your investing success. But, there are myths surrounding this concept that are worth understanding.
True long-term investment success comes from a lot more than stock picking methods or luck. You need sound principles and smart investor savvy to guide your decisions. That’s how you reach your full financial potential.