Here's some other food for thought this morning.
If I had not invested in a business in 1975.... or ever since then - bought stocks - and made apartment building investments - and bought commercial buildings... because I thought at the time that they were too high -- or the world was coming to an end - or that interest rates were going one way or the other... or that my house was going down...
We've had wars - I've seen 15% interest rates - I've seen the collapse of the Savings and Loan industry... the collapse of the stock market TWICE (1999 and 2007) - the collapse of the mortgage industry... a slew of Presidents I didn't like... 9/11... Lived thru the cold war - and seen Russia and China go from being imminent threats to being trading partners.
At any time along the way I could have used all of that for INACTION or reasons to be frozen in my tracks... all nothing but excuses for not investing in anything. 25+ years later all of that seems pretty important... and yet here I am living off all those early investments. Maybe you'll see my point? Ignore all of that short term BS... and keep plugging along saving and investing for your future. It matters little that your last investment is down 20%... Where will it be 15 or 20 years from now? My bet is WAY UP.
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