“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” – Warren Buffett

“Historically, the stock market has doubled on average every 10 to 12 years,” according to Ron Baron. Thus, staying invested in equities over longer periods increases the likelihood of positive returns.

Never forget, when you sell a stock, the taxman will be at the head of the line for their cut of the profit

Historically, the U.S. economy has grown on average 6%-7% nominally per year, or doubling every 10 or 12 years, and the stock markets have closely reflected that growth.

As GDP Has Grown, So Has the Stock Market

U.S. GDP in 1968 was $968 billion, 55 years later it is $27.9 trillion. That’s over 28 times greater than it was in 1968.

The Dow Jones Industrial Average was around 944 and the S&P 500 was 104 in 1968. They are now 37,690 and 4,770, respectively.

Not taking risk is the greatest risk!

Belief before ability! Self belief is immensely powerful, the most successful people believe in themselves almost to the point of delusion!

References:

https://www.baronfunds.com/sites/default/files/baron-investor-baron-growth-fund-12.31.23.pdf