Overview
"A picture is worth a thousand words ""The stock market is a device for transferring money from the impatient to the patient."" Warren Buffett Patience is important in life and in building a retirement fund. Most investors are not patient so most investors will not have enough. In fact, the average investor earns only 3.69% (vs total market of 11.11%) annually according to DALBAR's annual Qualitative Analysis of Investor Behavior. Mr Buffett's strategy of patience earns 19.7% compounded (earn interest on interest) over time. He does not buy and sell-he owns the stocks of companies for a long time. Most investors jump from one successful stock or mutual fund to another. Each time they do this, they are basically paying at the higher price AFTER the security has proved successful. Each time they are disappointed and then sell at a lower price. Every buy and sell transaction costs them a commission or fee, reducing their gains even more. They earn 3.69% while Buffett earns 19.7%. Buffett's strategy means we must leave our money alone so it can grow. It means there is no need to do a thing to reach our goals. Once we establish our stock portfolio or mutual funds, we do nothing to stop the growth of our account. We patiently let the market provide our wealth. Buffett has been patient for over 40 years and has grown his initial investment of $6,000 (from paper routes) to $65 billion. You don't need to do a thing to grow your money in the stock market. As Buffett has said: We continue to make more money when snoring than when active. berkshirehathaway.com/letters/1996"
Full Product Details
Author: Law Steeple Mba
Publisher: Createspace Independent Publishing Platform
Imprint: Createspace Independent Publishing Platform
Dimensions:
Width: 15.20cm
, Height: 0.40cm
, Length: 22.90cm
Weight: 0.104kg
ISBN: 9781500300258
ISBN 10: 150030025
Pages: 68
Publication Date: 26 June 2014
Audience:
Children/juvenile
,
Children / Juvenile
Format: Paperback
Publisher's Status: Active
Availability: Available To Order
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Author Information
Law Steeple has been in financial services for over 20 years. He was a managing executive of the sales units of a number of bank securities firms. He is the author of Tax-FREE Wealth: How to use the tax laws for $2,000,000 free of tax. He is one of the insiders who contributed to the The Insiders Guides set of buyers' guides edited by Dan Keppel. The guides provide specific ways to save on all financial services. The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year is available at Amazon, Barnes and Noble, Abebooks, etc. Law lives in New Jersey and Florida.
