3 Things Only the Most Successful Investors Will Understand
One thing that separates successful investors from not-so-successful investors is they understand that investing doesn't have to be hard, and oftentimes, the harder you make it on yourself, the worse off you are. You don't have to be a financial genius to be a successful investor; you just need to follow conventional wisdom and rules of thumb that exist for a good reason: They work.
Here are three things most successful investors will understand.
Few aspects of investing are more powerful than compound growth. When the gains you've accrued from an investment earn gains as well, your portfolio's growth snowballs. For most people who build wealth in the market over time, it's the compounding that really gets the job done.
Source Fool.com
