Monday 13 July 2015

Invest for long term to grow wealth

IRENE Bergman turns 100 this coming August.

She is the longest-serving financial advisor on Wall Street and still calls her clients regularly.

Her advice for profitable investment is “Don’t obsess over quick profits... best to wait at least three years, better yet, many more before evaluating holdings. If thesis is wrong, have courage to make the changes.”

The Bergman story serves to reinforce basic rules in investing – invest long term to grow wealth and do not time market for quick gains.

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