Home

Investing is a marathon, not a sprint

27 Oct 2023

Investing 101
Investment roadmap infographic with strategic icons along a winding path

In today’s fast-paced world, where instant gratification often takes precedence, it's crucial to remember that successful investing is a marathon, not a sprint. Instead of getting caught up in the frenzy of short-term gains, adopting a long-term perspective can pave the way for enduring financial stability and wealth creation.

Copy Link

Table of contents

    In today’s fast-paced world, where instant gratification often takes precedence, it's crucial to remember that successful investing is a marathon, not a sprint. Instead of getting caught up in the frenzy of short-term gains, adopting a long-term perspective can pave the way for enduring financial stability and wealth creation.

    Short term volatility is normal, focus on the long term

    One of the fundamental principles of investing is understanding that markets fluctuate. Prices rise and fall in response to various factors, creating short-term volatility. However, these fluctuations often smooth out over the long term, revealing a more stable and upward trajectory. By focusing on the big picture and resisting the temptation to react impulsively to market fluctuations, investors can weather short-term storms and capitalize on long-term growth.

    The compounding effect of money is magic

    Long-term investing allows the power of compounding to work its magic. By reinvesting earnings and allowing investments to grow over time, you harness the exponential growth potential. This approach not only maximizes your returns but also mitigates the impact of short-term market fluctuations on your portfolio.

    Take a goal based approach to long term strategy

    A long-term perspective also necessitates that you define your goals. Your financial goals are both a to-do list and a long-term strategy. Whether it’s leaving a legacy for the next generation or buying a home, setting financial goals are essential for achieving what matters most to you.. By staying focused on these goals and remaining patient during market ups and downs, you position yourself for financial success and a secure future.

    In essence, taking a broader perspective with investing means looking beyond the daily noise of the market and envisioning your financial future years or even decades down the line. By doing so, you not only build wealth but also gain peace of mind, knowing that your investments are anchored in a solid, long-term strategy.

    MyFi provides people with intelligent and unbiased financial advice. We find that people struggle with managing their finances, perhaps because they don’t have time, knowledge, or the inclination to dedicate to this. MyFi’s AI powered investment assistant does most of the work for you. It alerts you when things need your attention and assists you to make decisions that feel overwhelming. We are due to launch into the market soon. Get on our waitlist to participate in the pilot launch and take it for a test drive.


    Copy Link

    Related Posts

    Financial Plan

    Using Technology and Apps to Enhance Your Financial Planning Process

    10 Jun 2024

    3 min read

    Financial Plan

    Debunking Common Myths About Financial Planning

    05 Jun 2024

    2 min read

    Mutual Fund

    Mutual Funds vs. Stocks: Which Investment Option is Right for You?

    31 May 2024

    4 min read

    logoMyFi