Guest Post: Now is the Time to Think Long-Term

by Philip Brewer on 19 October 2010 0 comments
Photo: Philip Brewer

I've got a guest post up at Get Rich Slowly on why now — when interest rates are very low — is the time to think long-term.

About twenty-five years ago (as an example of long-term thinking), I had a whimsical investment idea: Buy some cheap land and plant hardwood trees. The trees wouldn't be ready to harvest for 100 years or so, but it would have been a cheap investment with (eventually) a fairly large payoff.

It takes a certain perspective to make such a long-term investment. I call it a whimsical idea because I'd never have been able to enjoy the financial return. I was already in my mid-20s at the time. Even if I'd selected the hardwoods for quick maturity, they wouldn't have been ready until I was well into my 90s.

It's related to some of what I've written here before. (In particular, check out How Low Interest Rates Might Save the World and Invest Some of This Cheap Energy.)

Check out Why Now is the Time to Think Long-Term over at Get Rich Slowly.

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