A was at a party last evening with some of my army mates. We have mostly finished our reservist duties and yesterday's gathering was really nice to see some old faces. Amongst the topics we talked about, was about investing, equity investing to be exact. I had a friend who asked me "so you are into stock trading ya". I replied: "no, I'm investing for the long term". Somehow or rather he did not quite get what I meant and I think it was due to an often held mindset that stocks are for the short term, trading in and out is important and when markets tank, the natural response is to panic.
Long Term Mindset
As we all would know, succesful investing entails a long term mindset. It should also entail having your stock portfolio as a part of your overall long term investment and retirement portfolio. I have ......