Why does long-term investing rule? Because it makes seemingly lofty goals very doable. Suppose you wanted to invest $3,000 and double it. That's very hard to do in a year or two because stocks are unpredictable in the short term.

But over time, fundamentals tend to steer the boat. It also breaks the math down. Doubling your money by 2030 requires a 12% annual return (average) for the next six years -- much more doable, right?

In other words, find a quality business. Buy the stock at a solid price, and wait. That's it.

Continue reading

Source Fool.com