There is a difference between investing and speculating. Speculating is like buying a lottery ticket, and investing is putting money to work and getting a rate of return for future expenses.
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This new year — and really any year — anything you can dream up in the market can and will happen at some time. Those events can last longer than you ever dreamed possible…or not. The duration is always unpredictable.
A good example is 2020.
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In this article series, I’ll discuss post-election investing strategies and some of the things that are likely to affect it. In this installment, I’ll explore the presidential election and the financial flight plan.
Just like a pilot filing a plan with air traffic control in order to take you to another part of the world, we do the same thing in the investment space. We create a predetermined flight plan for your financial success, so that you get from your beginning to your destination with your assets serving you along the way — or whenever you want to start spending.
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In this series I will be talking about your post-election investing strategy and some of the things that are likely to affect it. In this installment, I’ll be talking about the presidential election and the fear of missing out.
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The reason we invest is to grow our money — and the way to do it best is by delaying gratification. We know that because of historical experience. We also know that risk and reward are related.
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