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Invest for the long term from "summary" of A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition) by Burton G. Malkiel
Investing for the long term is a fundamental principle that every investor should abide by. It is about having a patient and disciplined approach to investing, focusing on the long-term growth and stability of your investments rather than short-term fluctuations in the market. By holding onto your investments for an extended period of time, you are more likely to ride out the ups and downs of the market and benefit from the overall growth of the economy. One of the key advantages of investing for the long term is the power of compounding. By reinvesting your dividends and allowing your investments to grow over time, you can take advantage of the exponential growth that comes from earning returns on your returns. This can significantly boost your overall returns and help you achieve your financial goal...
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