Time is a crucial factor in investing from "summary" of The Psychology of Money - Gujarati Edition by મોર્ગન હાઉઝેલ
Investing is not just about picking the right stocks or timing the market. It is also about understanding the power of time in growing your wealth. The longer you stay invested, the more time your money has to compound and grow exponentially. This is why time is considered a crucial factor in investing. When you invest for the long term, you give your investments the opportunity to ride out market fluctuations and benefit from the overall growth of the economy. By staying invested through market downturns and volatility, you avoid the temptation to sell low and buy high, which can erode your returns over time. Patience and resilience are key virtues in successful investing. Time allows you to take advantage of the magic of compounding. As your inves...
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