August 22, 2004

The trick is to not lose money

The trick in investing is not to lose money. That's the most important thing. If you compound your money at 9 percent a year, you're better off than investors whose results jump up and down, who have some great years and horrible losses in others. The losses will kill you. They ruin your compounding rate, and compounding is the magic of investing. - from Investment Biker by Jim Rogers
Think about compounding your money tax-free! That's the magic of a Roth IRA.


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