Invest today to own your dream business tomorrow
Further to the recent blog post encouraging investment to enjoy your retirement, I would like add that investment can also be the means to finding that dream job. By this I mean; invest today and become your own boss soon, so you don’t even want to retire. I have dreamed of owning a guitar shop ever since I was a youngster admiring the Fenders on my local high street. Listening to and playing music all day while helping others to nurture their own talent is the equivalent for a music nut to lying on a beach with a cocktail to every other retiree, or by the pool if you don’t like sand, or on the golf course if you don’t like sand or cocktails. While I don’t anticipate idle retirement with the same fervour as most, I do require successful investment to facilitate this semi-retirement dream of owning a shop.
The doommongers amongst us endlessly show us graphs of previous recessions lasting for 5 years, warning us to buy gold and to go short on stocks (just as they have done of course.) But this talk of a ‘suckers rally’ in the stock market, while unnerving for investors, should not put us off buying some high risk, recently hard hit stocks. The simple fact is, when the bull market returns for an extended period you do not want to miss out. It is better to take a small hit in buying too early and suffering a fall than it is to miss the rise when it comes and forever be left behind. My advice is to buy soon and to bury your head in the sand for ten years- see how much RBS, Lloyds and the property companies are worth then- maybe enough to begin an empire of musical instrument shops.
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