Why the secret to investing is time
Not so exciting to day-traders is the rationale for why time invested surmounts all other trading strategies. Calendar year returns define the bonus size of portfolio managers and sends the wrong message to investors who have decade(s) of time on their side to implement an investing strategy. There are two ways to make money from investing, capital gains and dividend income. Stock and bond prices fluctuate daily but dividends are rather consistent. The combination of the two