Choosing Wealth
Spending a dollar today precludes its investment and growth over time. The essence of wealth management is wealth creation.
A few months ago, when I started writing for Making of a Millionaire, I started working on a very, very small website that would allow me to present my ideas for very long term investing: investing on a time scale of at least twenty-five years — maybe longer.
My goal was simple: cherry-pick the S&P 500 to beat that index (and four other indexes as well) over very long periods of time in tax-advantaged accounts so that Millennials’, Gen Y’ers, Gen X’ers etc. could walk away with meaningful amounts of money tomorrow by investing a reasonable amount of money today.
Six months later, we (that is, me and my one and only colleague) have just published a new version of our website — ThinkingLonger — on which our readers will have access to twenty-five years of data and results to back up our conclusion: long-term investing in price-performing stocks reliably beats the S&P500 over time.
Other ways to beat the S&P500
Of course, we’re not the only ones thinking about beating the S&P500. Our friends over at Insider Monkey have been doing some thinking of their own — albeit in a shorter time frame…
