The hardest working people you know are usually the poorest
The wealthiest people you know usually don't seem to be working at all
Effort doesn't scale. Leverage does
Position accordingly, £GLD looks solid here
Breakout above the 200 day moving average on rising volume. First target £1,650, second target £1,720
Stop loss below £1,580
Gold is about to show the world what a real safe-haven rally looks like when governments finally lose control of their currencies.
$4k an ounce will look like a bargain by the end of the decade
@GT90CHAMPS@dandinohill Another idea thrown into the messy Social Security debate. It sounds nice on paper, though we all know gambling public retirement money on the stock market comes with its own set of scary what ifs
So does starting early actually matter?
Yes
£500/month into an ISA at 7% annual return:
Start at 25 → £750,000 by 60
Start at 35 → £350,000 by 60
Start at 45 → £150,000 by 60
The same £500. The same return
You can't make up lost time with more money
You're given £100,000.
You have 24 hours to invest it all.
Rules:
No individual stocks
No crypto
No property
You can only pick ONE fund to hold for 20 years
What are you buying?
I'm convinced that if you're checking your portfolio more than once a week, you're not an investor, you're a spectator
The market doesn't reward attention. It rewards absence
Prove me wrong
The #FTSE 100 doesn't reward panic
It rewards patience
Keep topping up that ISA every month, ignore the headlines, and let compounding get on with its job
Most people get rich slowly
The ones who try to get rich fast usually end up poorer