“Get started. Do something. Time in the market beats timing the market”
— Devon Eriksen
Simplified Meaning:
When you want to invest money, it's better to start early and keep your money invested for a long time rather than trying to guess the best times to buy or sell. For example, imagine planting a tree. If you plant and take care of it, over time it will grow and give you fruit. If you keep waiting for the perfect day to plant, you might miss out on years of growth. In real life, this means if you start investing your money now, even if it's small amounts, it can grow much more over time compared to if you wait for the perfect moment to invest. It’s more important to begin and be consistent. For someone wanting to save for retirement, by putting a bit of money into a savings account or a retirement fund now and letting it stay there, you’ll likely end up with more money than if you try to find the best times to invest and keep changing your plans. So, take the first step today and focus on the long-term benefits.