I get asked all the time: "Tom, what’s the next Amazon? What do you think about crypto coins?"
My answer is always the same: I don't know, and I don't care.
Here is the truth that Wall Street marketing departments don't want you to know: Real wealth is incredibly boring. It isn't built on lucky stock picks or timing the market. It is built on three simple things:
- Time: The longer you are in the market, the less risk you have.
- Compound Interest: Einstein called it the eighth wonder of the world for a reason.
- Behavior: Not selling when everyone else is panicking.
The "Get Rich Quick" Trap I’ve seen clients chase returns their whole lives. They buy high because their neighbor made money, and they sell low because the news scared them. They end up with half the money of the "boring" investor who just bought a diversified fund and went fishing for 30 years.
The Tom Money Mays Rule: If an investment keeps you up at night, it’s too risky. If it sounds too good to be true, it is.
You don't need a high IQ to get wealthy. You just need average intelligence and high patience. Stop trying to hit home runs. Just keep getting on base.