It’s hard to imagine but one day there will be a first trillionaire. It may happen sooner than you think. There are a number of compelling projects and people who have a chance at becoming the first. Oh, to be a billionaire jealous of a trillionaire! Oh please, let me have that problem. (more…)
This is the second installment on the Power of Frequency. The first installment was about Fitness.
It is well known that in order to achieve success you have to be consistent. Being consistent will put you on a path to personal growth and hitting your goals. In today’s second post on the power of frequency, I would like to take a different look as it relates to finance.
How do you define success? Our view of success is often dictated by those around you. We all work and live within a given framework. There are those at the top and those at the bottom. We often model our view of success within that set of given boundaries.
Warren Buffet is quoted as saying, “Our favorite holding period is forever.” Of course, if you follow Mr. Buffet, you know that he does sell from time to time. However, it is fair to say that for the average person, Mr. Buffet would recommend having a long-term investment time frame by using a buy and hold strategy.
Do you max out? I’m not talking about fitness here; I’m talking about your 401K. In my case, I’m talking about a Thrift Saving Plan (TSP), which is the Federal Government’s equivalent. Many of my colleagues openly talk about how they choose to put the maximum amount of money into their TSP. For me, it has become easy to assume that this is just a normal thing for people to do.
As a busy professional with a lot of responsibilities it seems as if the list of chores is never ending. Everyone has only twenty-four hours. From twenty-four hours, subtract time for sleep, work, our commute, and we are left with only a handful of hours to be productive with personal pursuits or additional activities we enjoy.
It is well known that in order to achieve success you have to be consistent. Being consistent will put you on a path to personal growth and hitting your goals. In today’s post I would like to discuss the importance of not just consistency but how frequency plays a critical part.
It is bound to happen sooner or later. Actually, some may say that it is kind of weird that it hasn’t already occurred. Knowing that a stock market correction will happen is one thing. Knowing when it will happen is a completely different thing. So, what will happen when the market tanks?