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I always try to preach my investing thesis, which is...
There’s no one-size-fits-all approach, so determine your;
1. Goal
• What do I want to achieve?
2. Plan
• How will I achieve my goal?
3. Strategy
• What do I do, if things don’t play out the way I want them to?
There’s no one-size-fits-all approach, so determine your;
1. Goal
• What do I want to achieve?
2. Plan
• How will I achieve my goal?
3. Strategy
• What do I do, if things don’t play out the way I want them to?
Goal:
Why do you want to invest in the first place? (Should you even do it?)
Do you want to…
• Save up for your pension
• Become financially independent
• Perhaps just get rich quick (lol)
• Earn extra money to fund your lifestyle
Why do you want to invest in the first place? (Should you even do it?)
Do you want to…
• Save up for your pension
• Become financially independent
• Perhaps just get rich quick (lol)
• Earn extra money to fund your lifestyle
Plan:
How will you achieve this? (Risk tolerance, time frame, approach)
Examples:
• Index funds (Passive)
• Speculation (Geopolitics, super trends)
• Momentum
• Diversified; Stocks, precious metals, cryptocurrency, collectibles etc.
• Value
• Real estate
• Mixed
How will you achieve this? (Risk tolerance, time frame, approach)
Examples:
• Index funds (Passive)
• Speculation (Geopolitics, super trends)
• Momentum
• Diversified; Stocks, precious metals, cryptocurrency, collectibles etc.
• Value
• Real estate
• Mixed
Strategy:
When to enter/exit a position.
• What do I do if...
– it’s +50%
– it’s -30%
Make up your mind before buying.
When something goes wrong... (It will happen on many occasions.)
…Think back to why you entered the position in the first place.
When to enter/exit a position.
• What do I do if...
– it’s +50%
– it’s -30%
Make up your mind before buying.
When something goes wrong... (It will happen on many occasions.)
…Think back to why you entered the position in the first place.
Let me know about your thoughts on this.
Cc: @ParikPatelCFA @TheMarketDog @richassvc @MemberSee @RCapitalLP @cooprXX @thenintharcana @1RobertNester @rvc330 @sadvalueinvestr @rennyzucker @StealthQE4 @CasinoCapital @MacroMarkets_
Cc: @ParikPatelCFA @TheMarketDog @richassvc @MemberSee @RCapitalLP @cooprXX @thenintharcana @1RobertNester @rvc330 @sadvalueinvestr @rennyzucker @StealthQE4 @CasinoCapital @MacroMarkets_
A massive thanks to all of you. I’ve elaborated and went into more detail with my final piece, which I’ll post in a local Facebook group for young investors. All of you had valuable input, and it was so good that I’ve appended everything word by word. (Translated.)
