Quote:
Originally Posted by Bucketlist2012
To them, long term is tomorrow..
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To most --- they bought it -- so it should go straight up from then on.
People want instant gratification... and what they fail to see is that OVER TIME...
getting a dividend or interest payment
INSTEAD of paying one... is the real power of money.
Growth stocks are good -- I own them in different degrees in different accounts... But like owning an apartment house... the apartment house pays me when things are so not hot otherwise... and the people that live there are paying my mortgage too! So while sometimes the apartments are worth lots more -- it's when they AREN'T that I like the pay me strategy. Nothing beats a check coming in once in awhile...
The younger you are - the more powerful that becomes. The older you are the nicer to live by!
