What would you have invested in 10 years ago? Long Term Wealth
Think back to a decade ago and the investing strategy you were following. If your wealth has been growing, it’s because you had some sort of plan. Right now, your next 10 years of money moves have begun. How can you make the most of the time ahead?
Start with a clear understanding of your time horizon. Whether you follow an aggressive plan or something more conservative will depend on how long you have available in which to leverage your money to create more wealth.
This is the foundation of your planning. A home down payment, a child’s education, or a retirement fund: these will each have different time horizons. Your FORTAX Financial Advisor can help you develop an investing strategy with your goals in mind.
If you buy stocks and hold them for the long term, you will enjoy a decade of growth. But it takes patience and commitment.
When there is a market downturn, many investors will feel fear and anxiety. Watching your portfolio suddenly drop in value is unsettling. However, if you keep your eye on the long game, you will weather these fluctuations more peacefully. A clear plan will sustain your confidence and your patience.