Just For Thinking ...
Read? Trinity of Fundamental Analysis Investing
Time is the true element of the Trinity of Investing!
You may be lucky or unlucky this time; but your luck is likely to change over market cycles.
In investing, your account size really matters; but it takes time to grow your account size through saving from your earned income.
One day, one young colleague came to me and said he wanted to learn investing from me (Uncle8888 doesn't even know him. Not sure who in the office asked him to look for me)
Uncle8888: "Do you have $30K?"
Young man: "No."
Uncle8888: "Save up to $30K first."
Young man walked away. He should be disappointed. Right?
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It takes time to acquire your investing knowledge from reading and reading. Over time, you are going to make a few big mistakes and hopefully you can learn to be wiser and polish up your investing skills and continue to read and read.
BTW, Uncle8888 has read tons of books and still reading.
You have to continuously read and closely follow financial and company news. There is absolutely NO time limit to follow these news unless you want to give up investing.
Investing Goals
Set investing goals for you.
Set a time frame to achieve them.
Timely review your achievement at least on quarterly basis and somehow, time will pressurize you into taking actions.
If you haven't started serious thinking about it. Over the next few days, you better start serious thinking about it before ...
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It also takes time for Uncle8888 ....
Fishmongers or Beer Buddies?
ReplyDeleteAnyone who show you how to Get Rich Fast is a fishmonger!
No?
CW,
ReplyDeleteAnd stay at arm's length anyone who "sells" you PASSIVE.
It's another one of those "hooks" that works well with FREE.
Income can be "passive" in nature; but it does not mean easy or no time needed to SECURE it in the first place.