Why Time Is Your Most Valuable Asset in Investing – Episode 184
What’s your most valuable asset when it comes to investing? Is it maybe knowing the right stock to buy and when? How about a spreadsheet of things like P/E ratios, or being diversified across dozens of different classes? No – as it turns out, your most valuable asset with investing is time.
The stock market, despite what you may have heard, is a long-term game. The daily, weekly, and monthly noise you hear on TV and online about why stocks went up or down is nothing more than that – noise. But over long time periods, magical things can happen to people who are regular savers and who don’t panic when times get rough.
So how do you acquire the time you need for that “magic” to happen when you have bills you need to pay right now? Learn more from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on today’s episode of Managing Your Financial Future!
Important Information:
You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal.
Diversification strategies do not ensure a profit and cannot protect against losses in a declining market.
Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.
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