Top 🔟 investing lessons I wish I could teach my younger self
No. 10 is my favourite
No. 10 is my favourite
1. Patience
The ability to do nothing and just wait is one of the most undervalued investing skills.
With Warren Buffet investing is his skill but time is his secret.
The best performing portfolios over the long term are those where there is very little activity.
The ability to do nothing and just wait is one of the most undervalued investing skills.
With Warren Buffet investing is his skill but time is his secret.
The best performing portfolios over the long term are those where there is very little activity.
2. Research
Research thoroughly anything you are going to put your money into.
The depth of this research is tested in market downturns when the stock drops 50%.
Never invest blindly based on an expert's recommendation.
Always read up yourself.
Research thoroughly anything you are going to put your money into.
The depth of this research is tested in market downturns when the stock drops 50%.
Never invest blindly based on an expert's recommendation.
Always read up yourself.
3. Time in the Market
Trying to trade in and out of the market based on what market news there is can be the worst thing you can do.
It's been proven that time spent in the market is what counts towards the biggest gains.
The biggest up days always catch people by surprise.
Trying to trade in and out of the market based on what market news there is can be the worst thing you can do.
It's been proven that time spent in the market is what counts towards the biggest gains.
The biggest up days always catch people by surprise.
4. Do Nothing
This most of the time is probably the best move.
Not many can factor in all the variables to make the right choice.
As Napoleon said - " When all those around them are losing their heads it's the guy who does the average thing that triumphs"
This most of the time is probably the best move.
Not many can factor in all the variables to make the right choice.
As Napoleon said - " When all those around them are losing their heads it's the guy who does the average thing that triumphs"
5. An Emergency Fund Keeps You Invested
It acts like a safety net.
You know that you have this comfort blanket around you to protect you in the worst case scenario.
An emergency fund keeps you invested and avoids buckling in downturns.
It acts like a safety net.
You know that you have this comfort blanket around you to protect you in the worst case scenario.
An emergency fund keeps you invested and avoids buckling in downturns.
6. You Will Be Wrong A Lot
But it's ok.
With great investors it's a few big winners that drive most of the returns.
Just look at Buffet with his Apple stock.
The key is he rides most of his winners.
Many sell great companies way too early.
But it's ok.
With great investors it's a few big winners that drive most of the returns.
Just look at Buffet with his Apple stock.
The key is he rides most of his winners.
Many sell great companies way too early.
7. Join A Great Investment Community
Being surrounded by other good long term investors helps you get ideas and avoid mistakes.
The Private Stock Group I am in below is one such community.
You can also join today:
bit.ly/3CRM03a
Being surrounded by other good long term investors helps you get ideas and avoid mistakes.
The Private Stock Group I am in below is one such community.
You can also join today:
bit.ly/3CRM03a
8. Ignore The News
The media and so called experts will exaggerate bad news and sometimes ignore good news.
Focus on the business you are invested in.
If the business has a long term upward future then short term gyrations are not really important.
The media and so called experts will exaggerate bad news and sometimes ignore good news.
Focus on the business you are invested in.
If the business has a long term upward future then short term gyrations are not really important.
9. Don't Sell During Downturns
The worst time to sell is during a widespread market downturn.
Wait it out.
When you decide to sell something then based on business outlook then do it during a steady period.
The worst time to sell is during a widespread market downturn.
Wait it out.
When you decide to sell something then based on business outlook then do it during a steady period.
10. Stick To Great Companies
Over the long term great companies will always perform best.
Great management, responsible debt management and innovation are some of the top traits I look for.
Over the long term great companies will always perform best.
Great management, responsible debt management and innovation are some of the top traits I look for.
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Created by @FiSavvyDad
For little more than your Netflix subscription.
Click below to join:
bit.ly/3CRM03a
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