Monday 22 February 2021
The stock market has been designed to encourage activity. Prices updated every second, the steady stream of company announcements, all amplified by a financial media that breathlessly reports the key moments of the day. For everyday people, it is easy to feel like we can’t keep up.
The good news is, you can ignore all this frantic activity. Getting rich in the stock market may be for the lazy. This article from the New York Times breaks down why that is the case. It touches on the beauty of compounding and the value of dollar cost averaging into the stock market.
This article isn’t so much a thought starter as it is a reminder. With all that we’ve seen so far in 2021 – Gamestop’s wild ride, the continued growth of the Buy Now, Pay Later stocks (especially Zip) and all of the details coming out of reporting season – it can often feel like there is too much to keep track of out there. It can feel like you’re not in control. This article is an important reminder to focus on what is important and to not worry about the rest. So forget hustle culture, when it comes to investing being lazy may be a virtue.