Thread by @BrianFeroldi

15 timeless investing principles, visualized:

1: If you want to build wealth, you have to invest

2: Don't invest in stocks until you are ready

Focus on financial wellness first

3: Dealing with volatility is so much easier when your personal finances are hyper-conservative

4: In the beginning, your savings rate is all that matters

Over time, your investment returns become all that matter

5: What’s risky in the short-term is safe in the long-term

What’s safe in the short-term is risky in the long-term

6: Earning high returns has a cost

7: Dollar cost averaging makes market timing irrelevant

8: The business and the stock are 0% correlated in the short-term, but 100% correlated in the long-term

9: Humans are born to be bad at investing

Understand that your emotions are going to play all kinds of tricks on you along the way

10: Easy: Saying you can handle volatility

Hard: Actually handling volatility

11: Invest. Don't trade.

12: Not all stocks are created equally

Some become safer when they decline. Others become riskier.

13: You can't know everything

Define when you know enough to make a decision

14: Zoom out

15: I love stock investing, but never lose sight of what actually matters

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