When it comes to investing your money, dead people have the right idea.
You see, theres this funny story that gets passed around on Wall Street.
And what they found out was, the accounts with the highest returns were classified as dead or inactive.
Now, the only problem with this cool story is theres no evidence it ever really happened.
Google results turn up plenty of stories about this supposed study but no actual study.
Apparently its a Wall Street urban legend.
But hey, that doesnt mean the point doesnt still stand.
As most people will tell you, the biggest things working on any investors side are time and patience.
So, real or not, these dead investors are onto something.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
1.
Dead people, as a rule, are really consistent in their behavior.
We asked Robin Hartill for some stock market advice.
Shes a certified financial planner and financial advice columnist for The Penny Hoarder.
She recommends budgeting a certain amount of money to invest each month, no matter what.
Not sure where to start?
It lets you choose from hundreds of stocks and funds to build your own investment portfolio.
It makes it simple by breaking them down into categories based on your personal goals.
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2.
Thats true when it comes to investing, too.
In other words, dont venture to time the market.
Instead, start investing as early as possible, and focus on the long term.
The timing of your investment matters much less than how much time you have to invest, Hartill says.
The cost of waiting for the perfect time to invest is high.
Youre missing out on long-term growth.
*
3.
Get Life Insurance; Give Your Family $1,500,000
Oh, to be a millionaire.
Look, not all of us have the money to set up trust funds for our loved ones.
Youre probably thinking: I dont have the time or money for that.
We hear people are paying as little as $10 a month.
- (But every year you wait, this gets more expensive.)
Dont Overthink Things
Dead investors are great at not overthinking things.
They just plug right along and do their thing without any fuss.
Thats why their investment portfolios perform so well.
When it comes to investing, be like dead people.
But true investing isnt about making a quick buck.
Its about growing your money over time.
Subscription plans start at $1 a month.
**
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
*For Securities priced over $1,000, purchase of fractional shares starts at $0.05.
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Policy limitations or restrictions may apply.
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When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
