10 Timeless Investing Principles

YawningKitty_x_x joined discussion · Jun 18 04:07

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.

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🌲ex IBDer 📚Hedge Fund Researcher 📝10 Year Stock Market Trader

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