Post
Topic
Board Economics
Re: Effect Of Delayed Gratification On Investment Outcome.
by
Ultegra134
on 21/08/2022, 09:58:21 UTC
To delay gratification is in my belief; to forego consumption today for greater prosperity tomorrow or better put, delay today's enjoyment for tomorrows benefit. The benefactors who stick to their strategy, have more consistent performance over time. By finding ways to embolden ones own discipline by either looking away, or by holding your long throat, one can use similar tactics to do the same thing as an investor. Think out a plan. Write it down. Set up automatic deposit or dividend reinvestment plans.


Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?


Honestly, it depends on the occasion, but the general rule does apply into building your future. However, there are others who claim that it's best to cherish today, because you don't know what the future holds for us. The majority of people neglects the importance of investing and either simply save their money to a bank or is unable to save at all. In the first scenario, your money is susceptible to inflation and just sits there losing value, while in the latter, you live from paycheck to paycheck.

Bitcoin has enabled myself to look forward to a better future, which is essential, especially now, that everything is going downhill.