A speaker challenges the fear that keeps people out of investing, arguing that staying out of the market is riskier than entering it. The S&P 500 has delivered positive returns over every rolling 15-year period in history, even after crashes. His book Finanzas con Corazón launches July 15.
One of the most expensive beliefs people carry is this: "If I invest my money, I'll probably lose it all." Now, that belief has kept millions of families from ever building wealth. One of the pillars I teach is awareness, because until you're aware of your beliefs, you'll mistake them for facts. Now, ask yourself, where did I learn that investing is dangerous? Was it because your parents lost money? A neighbor lost money? You heard it in the news? Or was it because nobody ever taught you the difference between gambling and investing? Now they're two completely different things. Day trading is not the same as long-term investing. Now putting all your money in one stock is not the same as owning hundreds of companies through a diversified portfolio. Now history shows us something really remarkable. The stock market has had terrible years. It's crashed, it's scared investors, but over the longer holding periods, the odds have improved dramatically. Looking at historical data, rolling 15-year periods for the S&P 500 have historically produced positive annualized returns. Even after some of the worst market declines. Now, the biggest risk isn't always market volatility. Sometimes it's believing a story that keeps you from investing at all. Because fear compounds and so does money. Now, what belief about money have you accepted without ever questioning? That question might change your financial future more than picking the perfect investment. And I want to let you know that my new book, Finanzas con Corazón: The Latino Journey to Financial Dignity, launches on Amazon on July 15th. And it's about changing the beliefs that keep us financially stuck so we can build lives of purpose, dignity, and lasting wealth.
