In a real life conundrum that probably every single long term investor deals with, is the question of whether to buy or sell stock. Andis the analogy i was thinking of, ye exactly. Because that was my first ever stock purchase. And well, in this, in this dwhen i actually knew what i was doing at all, and am. But by selling it that far out, i think i got paid like two dollars and 50 cents. So don't take these numbers but ther you'll get the idea. Ok? The stock could go up over the next year and a half; there's only two things that can happen which are good for an investor who wants to hold on
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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