Wednesday, May 2, 2012

The instant gratification problem

I, like many people around my age (under 35) have grown up in a world with computers; the internet; CD's & DVD's (who even remembers having to rewind something); ATM's; 24hr shops; digital cameras; cell phones; etc...

All these things immerse us ever deeper into the instant gratification cycle. These days we expect most things to be available, not when they are ready but when we are ready.

The problem with this culture and the world of investing, for the little guy at least, is that they are at odds. A lot of the books that I have read on investing say, some in a round about way and others directly, that success with regards to investing can be closely correlated with length of time that you have had your money invested for. Looking at the graphs and charts of value vs time the ups and downs even out over years to a gradual upwards trend.

This pretty much holds true for not only property but the stock market also. The forex market is not like this, but it is basically gambling anyway in my view.

I'm not really sure what I am trying to say with this post except be patient, investing is not really something you should be in for the mythical "quick buck".

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