A fresh stocks update from Bro. Bo. As you notice, it’s getting hard to buy stocks nowadays because we saw them cheap 2-3 weeks ago. I hope to see more “sale” in the stock market, but as long as our stocks are still “buyable” and haven’t crossed the “buy below price” we can still buy them. Below is the latest stocks update.
My goal for this issue is to give YOU peace of mind that you’re doing the right thing. Investing in the stock market is the BEST way in building your wealth.
And you don’t have to take my word for it.
Believe Jeremy Siegel, a Wharton Professor from the University of Pennsylvania. He studied various investments choices—specifically stocks, bonds, treasury bills, and gold—spanning more than 200 years.
Imagine that in 1802, you had $4. And you decide to divide your $4 to four asset classes and invest $1 in gold, $1 in treasury bills, $1 in bonds, and $1 in stocks. How much will you have in 2006, 240 years later?
Your $1 in gold would be worth $32.84.
Your $1 in treasury bills would be worth to $5,061.
Your $1 in bonds would be worth $18,235.
Your $1 in stocks would be worth $12.7 million!
The difference is HUGE.
Always Go long-term
Obviously, you won’t last for 200 years. (Although I hear that it’s possible that our grandchildren may live that long, thanks to advances in genetic medicine.)
But by using “200 years”, Jeremy Siegel is telling us, “When it comes to the stock market, go long-term!”
A friendly reminder from your Financial Coach: Don’t withdraw your money from your stock market account to buy gadgets, clothes, or vacations. Even when I tell you to sell a company because it hit our Target Price—simply transfer the money by buying a new stock. In other words, you’re merely switching stocks. That way, you are always FULLY invested.
If you follow this simple rule, your retirement fund will grow tremendously.
Aren’t you happy to know you’re investing in the best asset class in the world?
May your dreams come true,