The 🔟 Most Important Money Lessons

I Wish I Could Teach My Younger Self 🧵
1⃣ ALWAYS live below your means
2⃣Developing a long-term mindset

is the foundation of financial success
3⃣In the beginning, your savings rate is all that matters

Eventually, your investing returns are all that matters

Focus your time accordingly
4⃣Financial freedom is achievable

The price is ~10 years of hardcore saving/investing
5⃣Wealth is built in your free time at home

not at work
6⃣If you learn how to convert your salary into wealth

you'll become financially unstoppable
7⃣There will never be a "perfect" time to invest

Just buy regularly and ignore all forecasts, declines, and news headlines
8⃣In the short-term, sentiment controls stock prices

In the long-term, earnings control stock prices
9⃣Don't worry about your short-term results
🔟Remember to have as much fun as possible on the journey

Don't take yourself too seriously

Make friends. Play games. Travel. Connect with your community!

If you don't enjoy the journey, you won't enjoy the end result
Enjoy these graphics?

I email them daily for free

brianferoldi.substack.com

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More from @BrianFeroldi

17 Feb
Here are some of the big investors that track:

Altarock Partners
AKO Capital
Appaloosa
Akre Capital
Broad Run
Dorsey Asset
Duquense
Ensemble
Fundsmith
Polen Capital
Third Point

Here are their current top 10 holdings (in order) and links to their latest buys/sells ⬇️
Altarock Partners

Top 7

$TDG
$CHTR
$GOOGL
$FB
$MCO
$MA
$V

whalewisdom.com/filer/altarock…
AKO Capital

Top 10 (in order):

$LIN
$BKNG
$EBAY
$V
$EL
$GOOG
$NKE
$RACE
$OTIS
$PG

whalewisdom.com/filer/ako-capi…
Read 12 tweets
15 Feb
My 🔟 Biggest Investing Mistakes 🧵
1⃣Only looking at the share price

I bought penny stocks at the start

My logic: 100 shares of $1 stock > 1 share of $100 stock

WRONG!

The price of 1 share is meaningless!

What matters is how great the company is!
2⃣Only looking at dividend yield

I bought stocks with 10%+ yields

My logic: 10% yield > 1% yield

WRONG!

The dividend got cut and the share price dropped -- a double-whammy!

A high yield is Wall Street's way of saying "this yield is not sustainable, watch out"
Read 12 tweets
14 Feb
1/ How to review quarterly earnings 🧵

A step by step guide using $DXCM as an example

⬇️
2/ The BIG question: Is the thesis on track❓

Other question:

❓Is revenue growing?
❓Are margins stable/expanding?
❓Profits?
❓Balance sheet?
❓New opportunities?
❓New threats?
3/ I open 4 browser tabs

Tab 1 - Current company earnings report / shareholder letter

Tab 2 - Previous company earnings report / shareholder letter (check guidance)

Tab 3 - Analyst estimates

Tab 4 - Call Transcript
Read 19 tweets
13 Feb
1/ I'm a huge fan of checklists

I use them every day to help me find great investments

Want to create your own investment checklist?

Here are some great resources to help you get started

⬇️
2/ Here's my free public spreadsheet that details my current checklist

docs.google.com/spreadsheets/d…
3/ Here's my detailed board post about how to use the checklist

boards.fool.com/brian39s-quali…
Read 11 tweets
4 Feb
1/ Every now and then I read an article or paper that is SO good that I save it for future reference

It could be about investing, happiness, or life

Here's are links to my top 24 favorites 👇
2/ @morganhousel article on cash deployment strategy for when the market crashes

fool.com/investing/gene…
3/ 7 life lesson from @jonmorrow

A guy who can't move

it's incredible

unstoppable.me/life-lessons/?…
Read 25 tweets

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