i bought into b p oil years and years ago. Got smoked in this huge oil well disaster out in the gulf of mexico. You need to get loaded up before this thing leaves the margin of safety. If you've got a ten dollar bill on sale for five dollars, buy it at three. i generally teach that that's, you're not wrong to do that. But we just emotionally do right? I mean, you can't help it.
The Rule #1 Investing method is a lot of research and waiting for the right time. But when is the right time? Is it okay to compromise somewhere throughout your journey?
This week on InvestED, Phil and Danielle discuss using the “margin of safety” when looking to buy their stocks. Truth is, while the Rule #1 Investing Method will put you on the right track, there’s still so much opportunity to be flexible depending on your own situation and values.
Tune in to learn how to define your margin of safety to help you avoid investing mistakes – whether it be ignoring your margin of safety, or staying too far within the lines of it.
To help keep yourself on track for success as you navigate your financial future, download the FREE 12 Month Planner that will help you organize your priorities and promises to set yourself up for financial gain in 2022: https://bit.ly/31ImPCl
Topics discussed in this podcast:
- How to tell if you’ve made a mistake
- Defining your own investing rules
- Difference between founder-led and non-founder led companies
Additional resources discussed in this podcast:
For show notes and more information visit www.investedpodcast.com.
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