The old saying goes, “The best time to plant a seed was 20 years ago. The second best time to plant a seed is today.” Investing is no different as you’ll be better off if you start investing earlier (and stay invested).
Having more time on your side and not selling during crashes can mean the difference between thriving or surviving during retirement. It’s also important to stick with your investing plan and stay present.
Staying present can be tough since it can be easy to fantasize about potential past gains. For example, it’s especially easy to regret not investing in a powerhouse stock like Amazon (AMZN: NASDAQ) when it first went public.
However, the most practical approach is to realize that it’s time to act. Time to live in the present. Time to seize the moment and pick up high growth investments at “bargain prices.”
How Struggle Can Lead To Success
Let’s face it… 2021 is a very unique year. Life is starting to normalize after a traumatizing COVID-19 pandemic.
But, we aren’t out of the woods yet…
One main issue that is plaguing world economies is supply chain issues. These have caused major delays, leading to shortages.
These delays have been caused by higher freight prices, demand, and port congestion.
You might think that this will hurt the overall world economy. You might also be thinking of avoiding investing in supply chain-based companies.
Well, guess again…
With struggle comes growth. One example of this is greater innovation in the supply chain space.
More technology, including supply chain-focused cryptocurrencies and other systems, is being created to improve workflows.
This is just one struggling industry that has the potential to offer high growth, undervalued investments.
Before diving deep into one specific industry, we recommend that you…
Approach Your Portfolio At A Bird’s Eye View
If you want to set your portfolio up for success, consider starting at a bird’s eye view. Are you a conservative investor looking for income? Or are you looking for growth-based opportunities? Maybe something in between?
There is no right answer, it simply boils down to your financial goals and risk tolerance.
Discover if your risk tolerance and investments are in sync with a personalized, no obligation portfolio deep dive!
We have worked with various types of investors over the last 30 years. Our portfolios can be customized for…