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RE: What would you do to become a millionaire?

in #money8 years ago

Markets are up so most indexes are up by 18% or something. Next year they might go up only 3% again, or they might even go to minus. But it doesn't matter if you hold long term. Your average increase will still be around 8%-10% in the long term which is good :)

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Honestly, it's better than most anything else from what I've read. Not looking for 18% increases like this year a steady 8-10% for me on something I just keep putting money into and keeps printing more money for me is okay in my book long term.

Yep. That is the right attitude and will eventually build you a lot of wealth :) Just need to keep calm when the market crashes. Because it will at some point, maybe not next year, maybe not in two years, but eventually it will. That is when the real test of patience comes to play. That is when you need to keep your investments or you'll loose your profits.