Our series helps new investors get started. Part two discusses the importance of time management.
Time is money.
Understanding how time and money work together is how to make real money. Seasoned investors know that accumulating wealth has as much to do with managing time as it does with picking winning stocks. Buying investments just before they soar in value and selling just before they tank is, of course, the best time management possible. That is called market timing and is not something you should try at home. Even the most highly paid pros on Wall Street have trouble with this one.