Why is long term investing so hard for many to do?
1. When there is a 50-61% retracement, this is difficult for any investor to handle, even professionals struggle with this, it is difficult to see beyond the decline and see it as an opportunity
2. It does not trigger our dopamine responses the same way short term gains can give us quick hit
3. It’s slow, boring and the opposite of the life the Wolf of Wall Street promised
4. People struggle to see beyond a 3 month date range, humans are natural short term thinkers.
5. People see the lives of some on social media and they want that immediately, you will never see the sweat and sacrifice that it takes to get to that stage first.
The path to true wealth from investing is found by focusing on Long Term.
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