Wait It Out, Ride The Wave

I don’t get tired of emphasizing that in the investment world, long-term is everything. Be careful with promises of quick and easy money.

Still, some of you are skeptical while you nod in agreement with the former statement; Understandably, you have reservations.

Let’s use a real example. We are going to go back in time and look at McDonald’s Co:

  • You had $10,000 in your bank account January 1, 1990, and you decided to put all of your money in McDonald’s stock, trading under the symbol MCD at approximately $34.37. This would have given you around 290 shares. Continue reading