Invest for a Long Time, Not a Good Time

<p>In this episode, Rachelle and Corey use a LOT of metaphors to explore the idea that investing for long-term growth should be boring!  This isn’t a game; it’s trying to achieve your goals (like having enough money when you retire) without taking on unnecessary and often unsuccessful risks.</p> <p>Our favorite metaphor:</p> <ul><li>Did you know that Greenland sharks have a life expectancy of 250-500 years?!</li> <li>They grow very slowly, live in cold water, and are more or less immune to most cancers and diseases.</li> <li>Definitely a slow and steady wins the race creature!</li> </ul> <p>Applying this to investing:</p> <ul><li>When you invest for exciting returns in the short-term, you win some and you lose some. Not usually the best results when you do that over a long period of time. <ul><li>More exciting = more risky</li> </ul> </li> <li>Taking a well-diversified approach does not usually result in “exciting” returns. Sometimes your portfolio goes up a bit, sometimes it goes down.  But it gives you the best change of “good enough” returns over a long period of time. <ul><li>Less exiting = less risky</li> </ul> </li> </ul> <p>Sometimes folks think investing is glamourous; but if you’re doing it right, it’s more like the Greenland shark.</p> <p>For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: <a href='https://www.linkedin.com/in/coreyjanoff/'>@CoreyJanoff</a> and<a href='https://www.linkedin.com/in/rachellevanderzanden/'> @RachelleVanderzanden</a>; Instagram:<a href='https://www.instagram.com/coreyjanoff/'> @CoreyJanoff</a> and <a href='https://www.instagram.com/vanderzandenrachelle/'>@VanderzandenRachelle</a>; and Twitter: <a href='https://twitter.com/coreyjanoffcfp'>@CoreyJanoffCFP</a> and<a href='https://twitter.com/rachellefinance'> @RachelleFinance </a></p> <p>Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securiti