{"id":10345,"date":"2018-05-01T14:00:43","date_gmt":"2018-05-01T08:30:43","guid":{"rendered":"https:\/\/www.moneyworks4me.com\/investmentshastra\/?p=10345"},"modified":"2020-02-25T15:35:58","modified_gmt":"2020-02-25T10:05:58","slug":"why-commit-to-long-term-investing","status":"publish","type":"post","link":"https:\/\/www.moneyworks4me.com\/investmentshastra\/why-commit-to-long-term-investing\/","title":{"rendered":"Why commit to long term investing?"},"content":{"rendered":"

Think of investing as a marathon, and not a short 100-400 m race!<\/span><\/h2>\n

A marathon, where, if you start early in life you can even start slow, with a small amount and still win big. A marathon, where, it\u2019s never too late to start, because you are not competing with anyone. And, anyone who runs it for a reasonably long time is setting himself\/herself up to win\u2014do much better than not running it.\u00a0You don\u2019t necessarily have to complete it to be a winner.<\/p>\n

Successful long term investors are like marathoners: well-prepared, resilient, disciplined and focused. Some good practices of successful marathon runner relevant to long term investment include,<\/p>\n

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  1. Set goals<\/li>\n
  2. Train yourself: Start by running 2-3 kms\/day, then increase slowly. Start investing with small amounts, and slowly increase as you learn<\/li>\n
  3. Staying the course: Hang on, don\u2019t quit! Stay invested through market ups and downs though make appropriate changes in your portfolio<\/li>\n
  4. Maintain right pace: Not too fast or too slow. Keep investing every month<\/li>\n
  5. Review and Re-balance: Check if you are running as per the plan. Assess how are you progressing to meet your financial goals<\/li>\n<\/ol>\n

    The empowering belief in investing is that \u2018Success happens by growing\u00a0your Investable Surplus<\/a> at a compounded rate that is well above inflation, and doing this for as a long time as you have.\u2019 It\u2019s giving the best chance for your money to grow without taking risks that could destroy your capital. So,\u00a0coupled with having very compelling goals, thinking of investing as a marathon, and not a sprint, will ensure you are set up for success.<\/p>\n

    Watch the\u00a0video\u00a0on this article<\/p>\n