Why invest long-term?
I’ve often been asked why I never participate in the “IPO CRAZE”. Well I guess there are various opportunities to make many on the NSE. I have a long term plan which sadly does not leave room for short term vision such as speculation based on price.
I could never articulate the sentiment until I came across this article: When Your Income From Investments Covers Your Living Expenses: The “Crossover Point”
The Crossover point is defined as the point at which your investments begin to earn more money than the cost of your living expenses. The crossover point is usually reached by keeping your living expenses lower than your income and investing that amount for the long term.
In this article there are a couple of graphs that demonstrate the real value of investing for the long term. I urge you to read it here.
I could never articulate the sentiment until I came across this article: When Your Income From Investments Covers Your Living Expenses: The “Crossover Point”
The Crossover point is defined as the point at which your investments begin to earn more money than the cost of your living expenses. The crossover point is usually reached by keeping your living expenses lower than your income and investing that amount for the long term.
In this article there are a couple of graphs that demonstrate the real value of investing for the long term. I urge you to read it here.
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