One big investment decision I regret is not starting sooner.
If you’ve ever looked at a chart of the Dow Jones Industrial Average over a 30-year period, you’ll notice it always goes up. The further you go back in time, the larger the increase.
Of course, there are blips on the chart where the direction is down and not up (like the last 3 months of 2018). Those downward trends eventually reverse.
30 years vs. 10 years
30 years ago, if you had invested $1000 in the Dow Jones Industrial Average, you would have made $10,000. You wouldn’t have to do anything. Time takes care of your investment.
10 years ago, if you had invested $1000 in the Dow Jones Industrial Average, you would have made $1650. See the difference 20 years can make?
If you’re the type of investor who doesn’t have time to research stocks, then consider investing in index funds. Index funds make it easy to benefit from one of the most important ingredients to successful stock market investing… time.