Patience is profitable: 10 passive investments that beat Wall Street

Patience is profitable: 10 passive investments that beat Wall Street

by Zhou Wang


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Transfer other people's investment values to you

The stock market is a device for transferring money from the impatient to the patient. Warren Buffett

Your choice: You and your advisor can try to outsmart the market with millions of traders and likely earn 3.79% a year or let their money flow to you over time and earn 11%.
The analysis of real investors showed that the average advisor-investor earned just 3.79% a year while the stock market earned 11.06% over the last 30 years. DALBAR's QAIB
Forget Wall Street hype.
You can earn 11% by NOT letting advisors touch your money. 95% of active traders do NOT beat the market over time. The leading cause of bad returns is costs. Morningstar the rating firm found:

"In every single time period and data point tested,
low-cost funds beat high-cost funds."

Warren Buffett, one of the greatest investors of all time, has given us his formula. We must leave our assets alone. Riches come to those who do nothing but wait. All the things that our Wall Street advisor tells us to do are wrong: trading, timing, high fees, 'special situations,' buy low, sell high, activity, 'next' Apple, 'future' Amazon, new 'trend,' new tech, new bio, etc. All is marketing hype.

My wealth has come from a combination of living in America, some lucky genes, and compound interest.

Buffett says growth comes from compound interest. That is earnings from last period earning gains in this period. When you invest $250 a month for 33 years, $99,000 total, you do nothing to receive the other $901,000--$1,000,000 over time.

Product Details

ISBN-13: 9781986843775
Publisher: CreateSpace Publishing
Publication date: 03/27/2018
Pages: 68
Product dimensions: 6.00(w) x 9.00(h) x 0.14(d)

About the Author

Zhou Wang has been in financial services for over 20 years. He was a managing executive of the sales units of a number of firms. He is one of the insiders who contributed to the The Insiders Guides set of buyers' guides edited by Dan Keppel. The guides provide specific ways to save on all financial services. The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year is available at Amazon, Barnes & Noble, Junglee, bookadda, allbookstores, ebay, fishpond, alibris, powells, booksamillion, etc

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