Money Mistake made by Warren Buffet’s 3rd (little known) investment partner
I would love to get rich overnight but it’s just not how it works. That’s why these get rich quick schemes you just couldn’t trust them ever.
Continue ReadingTag: The Psychology of Money
How parents can effectively teach their kids about money?
My general thoughts on teaching kids about money is you got to lead by example; rather than drill it into them.
Continue ReadingMost Valuable Asset in the World (Young Investors Should Learn)
Even if you’re a teenager who don’t have a lot of money, you’re like a time millionaire, you don’t have a lot of cash but you have so much time in front of you and when you realize that time is the part of the finance equation that makes all the difference.
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Secret to Warren Buffet’s Success to Investing
I think that’s why he has been successful is because he is willing to learn. He’s is just a learning machine. He’s just trying to learn how the world works and updating his views.
Continue ReadingHousel’s Approach to Successful Investing
I never sell and I do what is called dollar cost averaging [where] I invest the same amount of money every single month come hell or high water; every month from the first of the month; the same dollar amount over and over again.
Continue ReadingWhat’s the Difference between Investing and Day Trading?
I am not saying that [day trading] is wrong but it’s a speculation that a stock price might rise versus I’am investing in a business whose profits are going to be paid out to me as dividends over the next 10 or 20 years.
Continue ReadingRed flags to look out for before you invest your money
That’s why a lot of the pitches that are online promote this degree of certainty could be really dangerous and that’s a big red flag.
Continue ReadingBiggest mistakes to avoid when investing
Avoid bad advice. The best financial skills you can have is a [bad advice detector] so that you can see [if a financial advice is bad or not]. Having the sensitivity to information is really critical for new investors. It’s hard if you don’t know what you’re looking for. Morgan Housel, Author of New York […]
Continue ReadingWhy new investors give up too quickly in investing?
I think investing is really close to like planting an oak tree, it takes a long time but the results are going to be magnificent but it’s going to be 50 years; and it throws a lot of people off. By far, the biggest problem for new investors is not understanding how much time is […]
Continue ReadingIs there a “right answer in finance”?
You don’t have to worry about whether you are doing the “right” or “wrong”; if it’s working for you and it’s making you happy then maybe it’s the right thing to do. There’s is no one right answer in finance. Morgan Housel, Author of New York Times bestseller “The Psychology of Money” Post Views: 281
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