Investing your money is one of the best decisions you’ll make in your life. Working hard is important, but earning enough money to retire and put your children through school means getting the money that you do earn, to work for you. That means investing, but you need the right attitude to reap rewards.
One of the biggest tips in Igor Cornelsen's arsenal, is to make low risk investments. Usually that means owning several low cost S&P 500 index funds. This guarantees your money is spread out over a large area, which is advantageous for several reasons.
Firstly, this is important for preserving your money. Too much into one investment means you can easily burn out. If that investment doesn’t pan out, you end up losing everything. That can’t happen.
Instead, by putting your money into several low cost funds, you ensure that there’s the maximum potential for most of those to experience growth of some sort. That amounts to the same result as having one stock that’s really successful, except your investment is spread out over several different individual properties.
That’s advantageous for a variety of reasons, but the biggest one being that it enables you to weather the storm. Markets constantly go up and down. That’s also why most investors stay in for the long term.
Take Igor Cornelsen for example. He’s found that by keeping your money invested for the long term, not only can you weather the storms, but on average you’re going to gain on every investment, just because you’ve left your money invested for a longer period of time.