This Is the Most Important Factor in Successful Investing
Investing can be a daunting process. There are so many things you can't control -- market swings, company actions, and stock price movements. But when you get right down to it, being successful at it is pretty simple. Invest early and often, then wait as long as possible before tapping into your nest egg. Compounding is an incredible wealth builder, but it needs time to work. The amount of time your money stays invested is the most important factor in successful investing.
Let's look at some ways to maximize the amount of time you have your money working for you.
You may have heard the saying, "The best time to plant a tree was 20 years ago; the next best time is now." The same is true with investing. Ideally, your first investments should be when you first get paid for lawn mowing, babysitting, or chores around the house. We'll assume those days are long in your rearview mirror, so for you, the second-best time is now.
Source Fool.com
