15 timeless investing principles, visualized: 1: If you want to...
Brian Feroldi@BrianFeroldi
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Sep 30, 2024
~1 min read
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15 timeless investing principles, visualized:
1: If you want to build wealth, you have to invest
1: If you want to build wealth, you have to invest
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2: Don't invest in stocks until you are ready
Focus on financial wellness first
Focus on financial wellness first
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3: Dealing with volatility is so much easier when your personal finances are hyper-conservative
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4: In the beginning, your savings rate is all that matters
Over time, your investment returns become all that matter
Over time, your investment returns become all that matter
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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
What’s safe in the short-term is risky in the long-term
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6: Earning high returns has a cost
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7: Dollar cost averaging makes market timing irrelevant
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8: The business and the stock are 0% correlated in the short-term, but 100% correlated in the long-term
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9: 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
Understand that your emotions are going to play all kinds of tricks on you along the way
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10: Easy: Saying you can handle volatility
Hard: Actually handling volatility
Hard: Actually handling volatility
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11: Invest. Don't trade.
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12: Not all stocks are created equally
Some become safer when they decline. Others become riskier.
Some become safer when they decline. Others become riskier.
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13: You can't know everything
Define when you know enough to make a decision
Define when you know enough to make a decision
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14: Zoom out
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15: I love stock investing, but never lose sight of what actually matters
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I tweet about money, investing, and self-improvement
Follow me @BrianFeroldi
I tweet about money, investing, and self-improvement
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Last one
If you can train your mindset to celebrate during bull and bear markets, you've won
If you can train your mindset to celebrate during bull and bear markets, you've won