Although this is an ancient proverb, it still rings true.
Trying to make a quick buck is enticing and might work sometimes. If someone is a great investor and can consistently pick winning stocks, that is great.
However, for most investors – building wealth takes persistence and a lot of patience.
I have been investing mostly in low-cost index funds and stocks over many years to build up my wealth. Over those years, I have seen my portfolio grow due to the magic of compounding.
Money grows on the tree of persistence.
Japanese Proverb
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