Everyone wants to be independently wealthy some day. I define independently wealthy as not having to depend on someone else for financial support nor having to "work" to continue your current lifestyle. The majority of people fail in the pursuit of building wealth because they are looking at the short-term and fail to realize that building wealth is not a short race, but more akin to a marathon.
A cardinal sin of investing is focusing on fast performing "hot" stocks or funds without taking into consideration that higher returns often also carry higher risk. You will see people that otherwise make wise choices in every other area of their life "churning" their portfolios, which almost always leads to lower performance. The best advice that I can give is to work with a professional money manager or financial advisor that spends their days researching the investment market. Just because anyone can open a brokerage account, it doesn't mean that they are qualified to be a investment advisor. The goal should be an average of 8-12% annually, when you average the years over the long haul.
Wishing You Wealth in all its Greatest Forms,
Alex
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