2024: Investment strategies, setting life goals.
I am a widowed young mom who only started dabbling in the stock market in May 2023. I bought my first stock then. Prior to this, my investment strategies have failed me in the past and I have made terrible financial decisions overall in life. I tend to be good with savings and living minimally on a daily note, however psychologists recommend at least 2 years within the first six months of grieving the passing of my late husband before making any major life decisions, such as eg. buying a house, relocating overseas, going back to school to get my degree, sorting out working while taking care of my baby boy all at once. I guess what I would change about my past investment strategy would be to refrain more from making intrinsically emotion-driven impulsive investments and more diversifications. Learn to leverage on dollar-cost-averaging. Have a better overall understanding of the financial market and keep up with the news. Do my due diligence and work to research behind the stock. As the famous saying goes, if you’re not willing to hold a stock for 10 years, don’t jump into it for ten minutes. If anyone is reading out there, I truly don’t have much experience or knowledge at all frankly but thank you for reading my mini journaling of my investment journey.
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