When you commit to long term investing:
-You are mentally preparing yourself for a quarter or two slowdown in your stocks profitability,
-Interim price corrections to the tune of 20-30%,
-Holding your investments with patience knowing stocks don’t build wealth in days but years,
-Businesses takes time to grow, so does the earnings of the company & do does the stock prices.
-Expect black swan events like Covid, Wars, Political instabilities to impact stock market in short term and it’s at this moment it’s best to pick stocks to build enormous wealth in the long run.
