Life is full of temptations to pursue quick fixes and easy solutions. The products and services that typically sell the best are those that promise instant gratification. Politicians campaign on their alleged abilities to create immediate changes. Today, if we want something, it is often simply a mouse click away. If we want to learn about a certain subject, we no longer need to go to a library. We simply need to pull the phone out of our pocket and open the web browser.
Sometimes, though, instant gratification can backfire. We might lose a few pounds fairly quickly following that diet plan, but then we gain it all back and more. We might elect that politician into office and get what we’re expecting but, over time, his enthusiasm wanes and he grows complacent. And, sure, we can simply look up information on a search engine if we’re trying to learn something. But, sometimes, that information can be incomplete or downright wrong. Digging a little deeper often gives us what that instant gratification can’t–better results.
If we really want to improve any aspect of our lives–be it personal or professional–nothing can replace the effectiveness of good, old-fashioned hard work. Putting a little muscle into it never let anyone down. If you want a fitness routine that works, you’ve got to put time and effort into making it work. If you want to really understand a subject, you’ve got to put time and effort into researching it. Nothing of value comes quickly. Nothing of value comes easily. There are no shortcuts to any place worth going.
In the world of investing, promises of instant gratification abound perhaps even more than in other contexts. Like other services, that’s how brokers often bait investors into parting with their money–the promise of instant results. The reality is, though, that if you’re promised that you’ll get big returns very quickly, you’ll want to run the other way screaming. The people trying to sell you on that promise are betting on the temptation of instant gratification. Don’t give into that temptation. Good investments are built on long-term models that brace themselves for the ups and downs of the market. If you want to develop into a good investor, you’ve got to be prepared to face those ups and downs.
Like anything else, investing takes a great amount of time and effort, if you want to do it right. For every investor, there will be moments of trial and doubt. As a result, all of us who become investors will experience fear, anxiety, and stress. There is no quick and easy way out of the pain of down markets. In order to achieve true financial success, such challenges cannot be avoided; they must be endured. If you’re looking into making better investments and want to know how to tell if you’re moving in the right direction, feel free to reach out to us for a free consultation. We want to help you learn how to invest your time and energy to produce the best long-term results that give you the best possible life and future.