Enough Retirement Income for 'Incarnate' living

Simplicity, patience, and compassion These are the greatest lessons our tradition teaches us for living the 'Incarnate' life. Patience is important in life and in building a retirement fund. Most investors are not patient so most investors will not have enough. In fact, the average investor earns only 3.69% (vs total market fund earns 11.11%) annually according to DALBAR's annual Qualitative Analysis of Investor Behavior. Funny, but the guru of wealth-building says the same thing: "The stock market is a device for transferring money from the impatient to the patient." Warren Buffett Mr Buffett's strategy of patience earns 19.7% compounded (earn interest on interest) over time. He does not buy and sell-he owns the stock of companies for a long time. Most people jump from one recently-successful investment to another. Each time they do this, they are basically paying at the higher price AFTER the security has proved successful. Each time they are disappointed when it falls and then sell at a lower price. Also, every transaction costs them a commission or fee, reducing their gains even more. They earn 3.69% instead of 11%! Simplicity is the core of Buffett's strategy. There is no need to try to find the 'perfect' investment to reach our goals. Once we establish a low-cost mutual fund, we must do nothing to stop the growth of our account. We buy shares in the same stock mutual fund that provides us with enough later. Buffett has been patient for over 40 years and has grown his initial investment of $6,000 (from paper routes) to $65 billion. You don't need to do a thing to grow your money in the stock market.
About the Author: J. Daniel Keppel has been helping people find financial services that fit their lifestyles since working in securities firms, an insurer, banks and as a 'money coach.' His book, The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year, shows you how, what and where to buy financial products like industry insiders do-directly from the highest rated companies for less. Dan received his Masters of Divinity from Union Theological Seminary, NY and his Masters of Business Administration from City University of New York, NY. He served in several ministries of the Christian Church, Disciples of Christ, including at Columbia University, New York.