Investing hard-earned cash is a long-game and sometimes low reward venture. It’s hard to give up that in-pocket cash and make it inaccessible to you, but it’s usually worth it.
Want to up your chances of success in investing? Read five expert’s investment quotes below.
1. Investment Quotes On Hard Work
In every successful person’s autobiography, they say that hard work is the key to success. That’s true of investing as well.
Though you won’t have to put in long hours on the clock or in a training camp, you’ll need to research to make smart choices. That, and watching the market, is the trick to investing.
Take it from Harry Browne, an investment adviser, and libertarian party presidential nominee.
When you give up the hope that some adviser, some system, some source of inside tips is going to give you a shortcut to wealth, you’ll finally begin to gain control over your financial future. – Harry Browne
2. On Taking Risks
People don’t invest in stocks as a “sure thing” or an expedited route to wealth. The most successful investors view investing as a large risk.
Even if companies like MTCH are ripe for investing in, there’s no guarantee of what will happen next. So, is there a least risky time to buy stock? Take it from American author Mark Twain.
“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February.” Mark Twain
3. On Being Patient
While the TV versions of wall street make investing look exciting, it shouldn’t be for the average consumer. Choosing stocks to invest in should feel like work and take a lot of research. If investing is a game, know it’ll be a long one.
The American stock market is a surprising thing. You could invest in a company that doesn’t move up or down for nine years, then see it shoot up and make you thousands in year 10.
Take it from Economist Paul Samuelson, the first American to ever win the Economic Sciences Nobel Memorial Prize.
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” – Paul Samuelson
4. On Greed
If anyone knows about investing, it’s Warren Buffet. The business insider and professional investor who just passed a net worth of 87 billion in Feb 2018.
This very rich man has some wise words on greed that comes with financial success. He says:
“Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.” – Warren Buffet
5. On Persevering
Some people say there isn’t a “secret” or “key” to success. Former politician and Electronic Data Systems founder Ross Perot disagrees.
According to Mr. Perot, the secret to success is perseverance.
“Most people give up just when they are about to achieve success. They quit on the one-yard line. They give up at the last minute of the game, one foot from a winning touchdown.” – Ross Perot
Every time you face a failure, don’t give up. Imagine that your big break is right around the corner and keep going!
How to Use Investment Quotes for Motivation
When you’re looking into putting your money into stocks, choose companies that you share personal values with. Then, use the quotes above along with current market analyses and you’ll be good to go!