Play The Long Term Game Because Its A Sure Winner.
The chart of this post shows the Dow Jones Industrial value from day one back over 100 years ago to present day value. The number is amazing as of to date that $1 invested over 100 years ago is now worth over $1 million.
This leads to the thought of what if we invested $1 today and what to expect 100 years from now with what that investment will become. Of course the first thought is no one wants to wait 100 years on an investment as not many can live over that time. But thinking incrementally even if its 20 years or 30 years there is some form of price appreciation in the investment.
Time Invested
The old saying goes its better to be in the market than timing the market is one way that gets people to invest in stocks. Another is dollar cost averaging and not checking their investment will in the long run achieve larger amount of gains. All in all the whole concept here is use the time that you have to invest now so that in the long run price will appreciate.
Time can either be invested or spent. Time invested is an asset while time spent is a liability. I do not want to have liabilities.
Work Smart Not Hard
We hear a lot of stories about successful employees do not mean they become rich in their life time. Yet the logic thinking is that if one works hard they tend to be able to earn more. However its not the case. This thinking of putting in extreme effort does not equal to extreme results.
The revise thinking requires an understanding of leveraging effort and time. In short its figuring out how to do 10x the amount of the same work in a given day while putting in 1/10th the effort.
Conclusions
A good example of thinking longer term investment is in Hive. Over the weekend Hive literally doubled but since then retraced almost all of its gains. This is all short term noise considering that Hive at reach all time highs $3 and more.
Invest in the ecosystem for the longer term and one day we may see Hive be back at all time highs again. Meanwhile also have accumulated more Hive as each day there are interest paid to holders. Leverage the time and accumulate more Hive so that in the long run amass enough Hive to make a strong passive income.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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So is proof you don't need to stress out too much about any time of investment and wait for the long-term is your best bet. With good patience, your assets will increase in value.
Playing Long time is the best because it give us not only the opportunity to grow at own pace but also to avoid any unreasonable decision that we might have make if we go in for short term gains
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Great Post!
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Oh. Brofi upvote is very nice for you.
Yeah it’s due to owning bro tokens. I stop stacking them after it went over 5hive each but well worth it if I had more liquid hive.