Entering the New Year (2023) and with Lunar New Year (Rabbit) just around the corner, it is good to remind myself of what investing looks like and why I started. Compounding interest was one of the first things I came across when I was reading up on investing. It gave me insights on why starting young was the best way ahead. In the long term (10-20 years) based on past results although not guaranteed did show that investing in index ETFs in the long run produced more positive results.
It's really patience and consistency to invest that I need as I only started investing a few years ago, as you know I previously invested in individual stocks and I am now focusing on index ETFs so we shall see in 10 and 20 years how it all turns out. Below are some of the pros of long term investing and different assets that you can buy for the long term....