20 Investing rules to know before 40:
1. In the long run, stocks offer the highest rate of return - stocks are a great protection against inflation too
2. The biggest risk you can take, is taking no risk at all - nobody got rich from their savings account
1. In the long run, stocks offer the highest rate of return - stocks are a great protection against inflation too
2. The biggest risk you can take, is taking no risk at all - nobody got rich from their savings account
3. A good credit score can save you thousands of $ - it helps you to qualify for better loan terms
4. Always keep investing in yourself - Develop skills and knowledge to increase your earnings potential
4. Always keep investing in yourself - Develop skills and knowledge to increase your earnings potential
5. Compounding takes time - Compounding is the eighth wonder of the world. He who understand it earns it, he who doesn't pays it
6. Always stay as rational as possible. Avoid making emotional investment decisions
6. Always stay as rational as possible. Avoid making emotional investment decisions
7. Diversification minimizes your investment risk - Don't put all your eggs in one basket
8. Keep an investment journal - it will allow you to learn from your investment mistakes
8. Keep an investment journal - it will allow you to learn from your investment mistakes
9. Invest within your circle of competence - Know what you own, and why own it
10. Everyone has the brainpower, but not everyone has the stomach - If you sell stocks in panic, the stock market is not for you. Bear market and crashes are GREAT investment opportunities
10. Everyone has the brainpower, but not everyone has the stomach - If you sell stocks in panic, the stock market is not for you. Bear market and crashes are GREAT investment opportunities
11. The biggest losses in stocks come from companies with poor balance sheets - Only invest in good companies and your return will increase dramatically
12. Long shots always miss the mark - Donβt invest in hypes or the next big thing
12. Long shots always miss the mark - Donβt invest in hypes or the next big thing
13. Have some cash on the sideline - If you canβt find attractive companies, put your money in the bank until you discover some
14. Let your winners run - If you invest $1,000 in a stock, all you can lose is $1,000 but you can stand to gain $10,000 or even more than $100,000
14. Let your winners run - If you invest $1,000 in a stock, all you can lose is $1,000 but you can stand to gain $10,000 or even more than $100,000
15. Stock market declines are opportunities - The best time to buy stocks is when nobody wants too
16. There is always something to worry about - Don't let this hold you back to invest in stocks
16. There is always something to worry about - Don't let this hold you back to invest in stocks
17. : Donβt look at macro-economic factors - Nobody can predict interest rates, the future direction of the economy, or the movement of foreign currencies
18. Do your homework - Speculators make money for their brokers. Investors make money for themselves
18. Do your homework - Speculators make money for their brokers. Investors make money for themselves
19. Time in the market beat timing the market - When the earnings of a stock goes up 10x, the stock price will follow.
20. Never lose money - Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.
20. Never lose money - Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.
That's it for today.
If you liked this, you'll LOVE my e-book about investing and the stock market.
Grab it here: compounding-quality.ck.page
If you liked this, you'll LOVE my e-book about investing and the stock market.
Grab it here: compounding-quality.ck.page
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