ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Getting Rich Slowly...Via Patience

Updated on August 6, 2008

Instant Gratification is Poverty

Within the world there are two basic paths that a human can take. One, the seemingly simpler and more commonsense, is also the path that youth generally takes. This is the path of instant gratification: get it now. Unfortunately, as with most aspects of life, there is give and take, quid pro quo; a price to pay for all things sweet and merry. It is just a fact of life that when one takes on a pleasure now that could otherwise be allowed to simmer for later, the price is generally more costly. Yet for so many people, many Americans of all ages for instance, this is the choice that is taken, rather than bare that grave horror, waiting.

Yet for the patient man or woman, boy or girl, the rewards tend to prove much greater when the need to have something can be put off for another day, week, month, or year. In fact, as odd as it may seem, in many cases, the longer one waits, the better the wine becomes, and the bigger the pay-off.

This is especially true for investing, for those who don’t have the advantages of the rich or well trained who are able to conduct day-to-day trading of stocks. It is in cases like this that an investor will do well to have patience.

The process is fairly simple, though there are inherent dangers in any form of investment. First, one must decide on which shares to invest in, after much careful research. Whatever means a person uses to research stocks, whether as technical, fundamental, a synthesis of these two stalwart philosophies, or yet another form of investing philosophy, making non-emotional, rational investments is essential.

Next, when the shares are purchased, sit on these stocks. First, stocks should be held for a minimum of a year as to sell sooner will incur capital gains taxes, which are never a pleasure to pay, as this is hard-earned money given away. Further, an investor should consider holding a stock for a minimum of 5 years. This should not be a problem if the research proved the value of the stock; part of this research includes gains in the stock over the past 5 years. So, if a stock starts to falter, chances are that it will rebound in time. Again, this comes back to the matter of patience and waiting for the reward.

If it is retirement that is sought, many of these same companies may be kept as part of a portfolio for decades. The payoff, like the meal from a great recipe, will be beyond the pale, memorable, and should produce thousands of additional dollars apart from the original investment. It is this sort of patience that has made Rockefellers, Buffets, and Trumps stand out, even amongst other billionaires.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)