Financial Focus: When investing, one of the best abilities is durability
You’ve probably heard about “genius” investors or those who got in on the “ground floor” of a company that grew to be a huge success. These stories may be interesting, but they are also rare — and sometimes not even true.
The truth is that successful investing isn’t glamorous, and it isn’t necessarily quick. Instead, a well-founded investing strategy is a durable one — one that can withstand the test of time.
Here are some actions that can help you build durability.
Take your time
Most individual investors make their money over time, not overnight. Despite stories about fortunes made on one or two trades, you’re more likely to be successful making money over time. You’ll want to own a…
