Hey there! Welcome to the Independent Money newsletter 👋 We’ll be exploring the latest financial news and discussing how it affects entrepreneurs like you. Plus, we'll share some awesome wealth creation insights from successful entrepreneurs.

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The S&P 500 recently hit an all time record high

The S&P 500 index set a new all-time high in January, marking the official beginning of a new bull market.

Which begs the question…is now a good or bad time to start your investing journey? Let’s investigate ↓

The Stock Market is America’s Favorite Investment

No surprises here – the stock market is Americans' go-to for investing, especially for the long haul.

This includes the S&P 500, which is made up of 500 of the largest public companies. It’s been outpacing old-school savings accounts by four times over a decade, making a great case for the cost of waiting.

Ok… but how does waiting make you more money?

As the legendary Warren Buffet says, time in the market beats timing the market. Delaying your investing game just means more time on the job before you get to kick back and retire.

Now you might wonder, “If it’s at a record high now and I buy in, won’t I lose money when I sell?”

Interested point but the stats say otherwise.

The chance of losing money in the S&P 500 drops from 46% to 6% when you stretch your holding period from 1 day to a 10 years.

Looking back, 2023 was a good year for the S&P 500, reinforcing the positive trajectory of this market.

What’s Happening at Carry?

Here’s what you can expect in the coming weeks

See the full list of events here. ⏰

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If you want more resources on building wealth as a solopreneur/entrepreneur, check these out:

• The Solo 401k handbook 

• Common Solo 401k FAQ

• What is a Solo 401k?

• How to Open a Solo 401k

• Solo 401k Contribution Calculator