In the competitive world of sports, ‘participation trophies’ – those awards given to all players, win or lose, spark a lively debate. Critics argue they reward minimal effort over real achievement. However, when it comes to investing, the idea of “just showing up” could reveal a winning strategy.
Minimal Effort, Real Achievement.
“Investing is not about winning big once; it’s about staying in the game long enough to grow your money over time,” says Beanstox Chairman and Co-Owner, Kevin O’Leary. “The stock market is an arena where anyone who invests in the market and continues to do so will likely do well over the long run. These days, it’s never been easier to get started and begin your participation in the market’s long-term success.”
The Problem with Waiting for the Perfect Moment
Many could-be investors find themselves waiting for stock prices to drop before investing, thinking they will get a better value on their money somewhere down the line. This hesitation, however, could potentially be more costly than avoiding a dip all together. Reflect on the previous decade. Following the 2008 Housing Crisis, the stock market entered one of the longest bull markets in history: an uninterrupted upward trend for nearly 11 years. That’s a lot of waiting! Not to mention, investors would have forfeited more than 500% returns in the market over that time.
Attempting to Time the Market
For those already invested, trying to pinpoint the optimal time to sell to sidestep potential downturns presents another challenge. Again, given the difficulty of accurately forecasting market peaks and troughs, you risk missing out on continued growth. That said, even if you do manage to avoid a temporary drop, it doesn’t guarantee you will successful buy back in before the next upswing. Consider the significant market fluctuations over the past five years, during which time the market nearly doubled in value. Remember, even during volatile times like the Global Pandemic, the market has always gone up again after it goes down, reaching new highs.
Get in the Game with Beanstox
As “Mr. Wonderful” explained, beginning to invest is easier than ever with user-friendly and cost-effective investing apps. Apps like Beanstox demystify the entire process, automatically investing your money for you, which means you’re always in the market, adding to your investments bit by bit. This is great for a few reasons:
- It’s Easy: Set up your investment plan once, and the app manages the rest, freeing you from the need to monitor the market daily or manually add to your portfolio.
- It’s Low Cost: These apps often have lower fees than traditional investing methods, meaning more of your money goes into your investments, not fees.
- It Fits Your Budget: You can start small. Even a little bit of money invested regularly can grow over time thanks to compounding!
In summary, choosing Beanstox for your regular, automated investments is like always being in the game, steering you not just towards a symbolic trophy, but towards the ultimate prize of financial freedom. It’s a simple, low-cost way to invest that fits your budget. So why wait? Download Beanstox today!