Almost every day, someone seems to be pontificating on why today is just not a “good” time to invest. The market’s too high, stocks are expensive, interest rates are low, growth is stalled, the world’s too dangerous, presidential elections are coming up, etc. There’s no shortage of reasons, and we’ve probably heard them all.
Since a picture is worth a thousand words, here’s a compelling graphic from Dr. Daniel Crosby, psychologist, asset manager and New York Times bestselling author, explaining why that pessimistic view of investing totally misses the boat, and if you’ve subscribed to that view, you may have missed out on 100-fold profits.
As Dr. Crosby shows below, there’s always a reason NOT to invest. Yet, as you can see, the U.S. companies making up the S&P 500 index have managed to grow to 100-times their initial value in 1950 despite the constant barrage of negative headlines.
It’s time to throw out every piece of bad advice you’ve heard about why today is not a good time to invest and understand that when it comes to investing, the best time to start is always TODAY.