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BE INTENTIONAL. INVEST WITHOUT RELYING ON LUCK
If you are a new investor looking at some of the impressive YTDs posted on Fintwit
and are thinking that you'd like to get some of that
And you have decided that hot tip that you saw is going to make you rich
SLOW DOWN
If you are a new investor looking at some of the impressive YTDs posted on Fintwit
and are thinking that you'd like to get some of that
And you have decided that hot tip that you saw is going to make you rich
SLOW DOWN
The first question that everyone usually asks is “What stock should I buy?”
This is the wrong place to start
If you wanted to build a house it would be insane
to pick up random bricks, some sand, and cement
from a stranger you don’t know
and just start building a wall
This is the wrong place to start
If you wanted to build a house it would be insane
to pick up random bricks, some sand, and cement
from a stranger you don’t know
and just start building a wall
You’d want to set out a budget, see an architect and a builder and come up with a plan that makes sense for your goals
You’d know what kind of house you wanted. You'd need a secure foundation.
Investing is no different.
You need to figure out what you are trying to do
You’d know what kind of house you wanted. You'd need a secure foundation.
Investing is no different.
You need to figure out what you are trying to do
You don’t necessarily need a financial advisor
but you do need to answer these questions...
Who are you - what’s your knowledgebase, skillset, interest, experience and current ability?
What are you trying to achieve through investing?
Why are your goals important to you?
but you do need to answer these questions...
Who are you - what’s your knowledgebase, skillset, interest, experience and current ability?
What are you trying to achieve through investing?
Why are your goals important to you?
How much capital do you plan to invest?
How will you do it?
Why aren't you dollar-cost averaging into an index fund?
What investing style are you going with?
How will your life be affected if your portfolio value drops 30%?
How will you make buy, sell, and hold decisions?
How will you do it?
Why aren't you dollar-cost averaging into an index fund?
What investing style are you going with?
How will your life be affected if your portfolio value drops 30%?
How will you make buy, sell, and hold decisions?
There are few things more dangerous
to your financial health than the overconfidence
that comes with getting lucky
You don’t want to be on the far left of the Dunning-Kruger curve without realising it.
Almost everyone starts on the far left
to your financial health than the overconfidence
that comes with getting lucky
You don’t want to be on the far left of the Dunning-Kruger curve without realising it.
Almost everyone starts on the far left
You need discipline & self-awareness
Don’t blindly copy people
You have no idea what their answers to the questions are -
but you can guarantee that they will be different from yours
Fintwit Portfolio sizes range from a few hundred
to millions of dollars
Don’t blindly copy people
You have no idea what their answers to the questions are -
but you can guarantee that they will be different from yours
Fintwit Portfolio sizes range from a few hundred
to millions of dollars
