The only investing principles you need to ever know.
1/ Not investing means you are destroying the value of your money. Because inflation every year makes things expensive!
1/ Not investing means you are destroying the value of your money. Because inflation every year makes things expensive!
2/ Compounding is hard to understand, but magical to experience.
3/ You cannot eliminate risk. You can only manage it.
And time is often the best way to manage risk.
And time is often the best way to manage risk.
4/ If your asset value goes down, it will require a LOT more gain, for it to come back to the same price.
Source: @QCompounding
Source: @QCompounding
5/ It is easy to show historic returns and say XX grew by YY%.
The hard thing is to stay invested when things are not going your way.
The hard thing is to stay invested when things are not going your way.
6/ The best way to get rich is to get rich slowly
7/ If you don't know how to pick stocks on your own, invest via SIPs in a low-cost index fund
8/ Do not invest based on current headlines, trends and themes.
9/ Saving is a habit
10/ Getting rich is a mindset, not a skill.
11/ No investment is ever worth it if it makes you lose your sleep.
12/ In your greed, do not ever forget your privilege
13/ Time in market beats timing of the market
Source: BeFreeandWealthy
Source: BeFreeandWealthy
If you liked this thread, you might like my latest book 'Make Epic Money'
I wrote this book for the younger me, who I wish was taught about money and how to build a healthy relationship with it.
Available in Hindi, English, Kindle and Audio
makeepicmoney.com
I wrote this book for the younger me, who I wish was taught about money and how to build a healthy relationship with it.
Available in Hindi, English, Kindle and Audio
makeepicmoney.com
Loading suggestions...