We all have limited time. Some people have more time than others, but we all havelimited time. Where do you put your focus during the that you have yes? You could think, like sometimes we even teach it like this. Just theoretically, you just build your best watch list,. But we don't even think about whether these are on sale or not right now. I mean, it's just like, this market is just ridiculous. We end up with a list of companies that, very theoretically, you could buy some day, but very likely, unless there's a huge market crash, you won't buy any of them.
Sometimes the best thing you can do when it comes to investing successfully is nothing...at least until you know you’re 100% right about where you’re about to put your money.
This week on InvestED, Phil and Danielle discuss the critical step to take after you’ve made it through the Investing Pyramid and before diving deeper into the investing checklist: Having Patience & Staying Simple.
It’s no secret how effective the Rule #1 Investing Strategy is, and it’s because Rule #1 Investors do two things:
- They keep things simple and invest in what they know and believe
- They’re patient and wait for the best time to buy
To learn how to pick the right stocks for your portfolio and help you keep things simple, download the 5-Step Checklist for How to Pick the Best Stocks for FREE here: https://bit.ly/3riDBSW
Topics discussed in this podcast:
- Investing with Patience
- Investing Checklist
- How to Invest
- When to Invest
- Best Time to Invest
Additional resources discussed in this podcast:
For show notes and more information visit www.investedpodcast.com.
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