Experts Reveal the Most Important Investing Skill. Can You Do It?
Key Takeaways
- Patient long-term investors have historically earned higher returns and experienced less risk than those who trade frequently or attempt to time the market.
- Dollar-cost averaging can help you put patience into practice, automatically buying more when prices are low and less when they’re high.
- The power of compounding dramatically increases wealth for those who stay invested over the long term, turning modest returns into substantial gains over time.
The most important investing skill doesn’t involve performing advanced technical analysis or picking hot stocks. It’s something much simpler: Patience. Decades of market data and behavioral research show that disciplined, long-term investors consistently outperform those…
