"Patience, young grasshopper." ~ Master Po
This was the advice given to his student Kwai Chang Caine to develop patience, maturity, wisdom in the 1970s TV series Kung Fu.
One can also apply this concept to investing. Building wealth takes time. The first decade or two seemed excruciatingly slow to us. Significant investment gains take years not months or days in come cases. Buy and holding works best for most people.
However, with the advent of the online trading, no trading fees, and short dated options, people are expecting faster, almost immediate big returns. Instant gratification.
I admit, I have fallen into the instant gratification trap at times. Recently, I expected my "buy the dip" stocks to immediately rebound. A few did, the the rest are still rebounding.
Yes, for these "buy the dip stocks," it's time for patience, young grasshopper.😎
This is not financial, stock picking nor investment advice. Please consult a professional advisor.
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