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Investing for the long term | Why long term investing is the way to go
By Singaporean Talks Money  •  January 21, 2023
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....
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By Singaporean Talks Money
I am currently a 23 year old university student in SIM. I hope to be able to grow my money and see the power of compound interest. I became interested in investing when I took a gap year and worked full-time. I realized that by just saving, it was very difficult to achieve my financial goals hence i read up on investing.
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