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avoid these 3 INVESTING mistakes if you don't want to lose money!
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YOU should avoid these 3 investing mistakes if you don't want to lose your money... 💰
Number 1️⃣🚫
Buying without a plan. Ever tried swimming without any knowledge? How high are the chances that you will succeed? So get a plan 1st so you know, that you won't mess up by trying 56 different approaches.
Number 2️⃣🚫
Trying to time the market. Not even the legends Warren Buffett or Charlie Munger know what the stock market does when it opens every Monday. The best thing which beats TIMING the Stock Market is TIME in the Market. It is statistically proven, that it is impossible to lose money after 15 years. ⏰️
Number 3️⃣🚫
I was letting my emotions control me.
I am currently down about 12% and I would be lying if I'd say I'm comfortable seeing this after it was 12% plus. But You need to see the bigger picture. Try to borrow the confidence from other big investors like Uncle Warren to not panic sell! 🐐
👉 Share these lessons with a new investor friend. 👉
#investing #valueinvesting #investingstrategy #investingforbeginngers #investmentgoals #investment #investingtips #investing101 #stockmarketinvesting
Number 1️⃣🚫
Buying without a plan. Ever tried swimming without any knowledge? How high are the chances that you will succeed? So get a plan 1st so you know, that you won't mess up by trying 56 different approaches.
Number 2️⃣🚫
Trying to time the market. Not even the legends Warren Buffett or Charlie Munger know what the stock market does when it opens every Monday. The best thing which beats TIMING the Stock Market is TIME in the Market. It is statistically proven, that it is impossible to lose money after 15 years. ⏰️
Number 3️⃣🚫
I was letting my emotions control me.
I am currently down about 12% and I would be lying if I'd say I'm comfortable seeing this after it was 12% plus. But You need to see the bigger picture. Try to borrow the confidence from other big investors like Uncle Warren to not panic sell! 🐐
👉 Share these lessons with a new investor friend. 👉
#investing #valueinvesting #investingstrategy #investingforbeginngers #investmentgoals #investment #investingtips #investing101 #stockmarketinvesting