Friday, November 26, 2021

12. Choice affects outcome especially for long term investments


You have set aside some money intended to fulfill a financial goal twenty years from now.

Because of the length of the time horizon, the choice of investment today will have a substantial impact of its value in the future because of compounding.

the key is to create three different portfolios (see post on diversification 1) as a guide to asset selection, money intended for long term goals are best placed with long term assets.

#acgadvice

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