What is Common Sense Investing according to @NickGreenr?
Quite simply its doing the obvious, follow these simple steps below to get out of your own way as an Investor
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Quite simply its doing the obvious, follow these simple steps below to get out of your own way as an Investor
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Tip #1 - Follow Your Curiosity
Read the Annual Reports, News and any information about companies in the industries you're familiar with. It starts with being curious about the companies and NOT the stock prices. Ignore the NOISE...
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Read the Annual Reports, News and any information about companies in the industries you're familiar with. It starts with being curious about the companies and NOT the stock prices. Ignore the NOISE...
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Tip #2 - Educate Yourself
Spend time to learn the language of Investing. Accounting terms, Financial Statements, Ratios, etc. are all worth getting to know so you can interpret what others say about the companies you're interested in. Being educated means better decisions
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Spend time to learn the language of Investing. Accounting terms, Financial Statements, Ratios, etc. are all worth getting to know so you can interpret what others say about the companies you're interested in. Being educated means better decisions
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Tip #3 - Get Some Skin in the Game
Put Your Money where your mouth is, GET INVESTED!
Without the pain of losing money, you won't learn anything new. So @NickGreenr says start with a portfolio of 5-7 companies and continue learning.
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Put Your Money where your mouth is, GET INVESTED!
Without the pain of losing money, you won't learn anything new. So @NickGreenr says start with a portfolio of 5-7 companies and continue learning.
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Tip #4 - Keep An Investment Journal
Record your thesis, lessons, mistakes and more about the companies you're following. Go back to these lessons to keep on the right track.
Shoutout to @MiossotyJohnson who keeps her journal as well
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Record your thesis, lessons, mistakes and more about the companies you're following. Go back to these lessons to keep on the right track.
Shoutout to @MiossotyJohnson who keeps her journal as well
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Tip #5 - Do more of what works and less of what doesn't
It's easier than it sounds but keep doing what you're good at and do less of what you're not. Rinse and Repeat.
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It's easier than it sounds but keep doing what you're good at and do less of what you're not. Rinse and Repeat.
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Tip #6 - Price -> Perception -> Fundamentals: The market feeds on itself.
The market has a way to build its own story around a company in a particular season. Be wary of how the price affects the perception which affects how other portray the fundamentals of the company.
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The market has a way to build its own story around a company in a particular season. Be wary of how the price affects the perception which affects how other portray the fundamentals of the company.
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Tip #7 - Filter the Noise on Social Media
Follow sensible persons on social media when it comes to Investing. @NickGreenr says if there is a call to action with investing content then usually there is potentially an impure motive behind the advice.
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Follow sensible persons on social media when it comes to Investing. @NickGreenr says if there is a call to action with investing content then usually there is potentially an impure motive behind the advice.
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Thanks @NickGreenr for leaving us with these gems to consider.
Catch the entire video here:
Give @NickGreenr a follow and Subscribe to our channel below. #LearnGrowInvestRepeat
Catch the entire video here:
Give @NickGreenr a follow and Subscribe to our channel below. #LearnGrowInvestRepeat
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