Let me say it: Happy New Year. This is not just a wish. Wishes are from humans and have little substance. We have in place a guarantee, even if we don’t see or feel something better in our meager terms.
You shall have a better New Year. It can start today. Just allowing past promises to happen eliminates “wishing.” Something “better” is right around the corner. Humans cannot “wish” into existence that which our Father has promised.
If you’re relatively young, and you’ve been investing only a few years, you possess an asset that is invaluable and cannot be replaced: time. And the more time you spend contributing to tax-advantaged investments, the better off you may be.
As an investor, time is your ally for two reasons. First, the more time you give to your growth-oriented investments, the greater their growth potential. And second, the effects of market volatility have tended to decrease over time, though as you no doubt have heard, past performance is not a guarantee of future results.
Note: My dog Miles had to be put down today. Here is a piece I wrote about him many years ago. Goodbye, Miles. You were a great friend to have when we all needed one.
And Miles to Go
My oldest son Brian Rogers named our Sheltie after the jazz great Miles Davis. It’s an odd name for a dog I know, but considering he named our other dog, a Chihuahua mix, Tatiana, because he thought she looked Russian; I guess that name makes just as much sense.