10 Timeless Investing Principles

YawningKitty_x_x joined discussion · Jun 18 17:07

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: Dollar cost averaging makes market timing irrelevant.

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

8: 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.

9: You can't know everything.

Define when you know enough to make a decision.

Last one: I love stock investing, but never lose sight of what actually matters.

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

59K Views

Comment

🌲ex IBDer 📝Swing Trader since 2014 📚There are 3 ways to earn money: be fast, be smart or cheat.

828Followers

34Following

4631Visitors