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RE: Consider Buying Steem. Be an Owner, not a Renter.

in #steem7 years ago

It's so easy to get caught up in chasing the quick buck (I know I did in my younger years) with constantly trading and trying to "beat" the market. For every success story in the trading realm there are thousands of sob stories.

The wealthy think in "blocks" of time, 5 years, 10 years and so on, why the people who struggle with money think only of today. I think it was Buffett who said it's you're not willing to hold an investment for 10 years don't even think about holding it for 10 minutes. Find something you believe in and make it part of your long term portfolio, part of your life so to speak. By doing this you will constantly be learning more about the investment and eventually you'll become an expert on it, being able to make more intelligent decisions down the road.

Holding your Steem in Steem Power has a multi-faceted profit system built in for the long term holder. No matter your level of involvement, your investment will grow over time. If you don't invest more than you can afford to lose, then there's no reason to not reap those rewards. Time is our greatest ally when it comes to investing, if we can just get out of our own way and let the investment and time do their job. Great article Luke!

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Great comment, thank you! I completely agree. Reminds me of another famous Buffett quote:

The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.