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Episode 3052:
JL Collins breaks down how to shift your mindset from short-term price fluctuations to long-term ownership, using VTSAX as a prime example of investing in the entire U.S. economy. Learn why patience, resilience, and a buy-and-hold strategy can lead to financial security over time.
Read along with the original article(s) here: https://jlcollinsnh.com/2013/06/14/stocks-part-ixx-how-to-think-about-money/
Quotes to ponder:
"You can’t successfully dance in and out of the Market."
"As long as the company is sound, the fluctuations in its stock price are fairly inconsequential."
"Nothing is sure, but I can’t think of a surer bet than this."
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Optimal Finance Daily - Financial Independence and Money Advice