Bill Powers shares ten tips for new resource investors. These points of advice are what Bill has recently shared in conversations with investors brand new to the resource sector. Most of the points are cautionary and serve to warn new resource investors against incurring large losses via mining stocks.
0:00 Introduction
0:42 Have a multi-cycle outlook for your success
2:26 Don’t speculate with the rent money
3:15 Assess management’s incentives
5:55 Clearly articulate three reasons why you are investing in the stock and the timeframe needed to determine success
8:53 Clearly articulate three things that are most likely to go wrong
9:53 Decide what information sources you find useful, yet always still verify the information
12:24 Learn how the odds are stacked against you
14:14 Keep yourself inspired
16:36 Continually be educating yourself
18:11 Don’t confuse a bull market with brains
20:13 “There Might Be Gold” song produced by an MSE listener
Follow Bill on Twitter: https://twitter.com/MiningStockEdu
Warren Irwin Interviews mentioned:
https://youtu.be/iovp5nDy5yk
https://youtu.be/uDqxhinP138
Jamie Keech 2019 VRIC presentation:
https://youtu.be/QPO9N8CpX1Y
Robert Stevens’ “Mineral Exploration and Mining Essentials”: https://www.miningessentials.com/
For Marin Katusa’s “Resource Market Millionaire” just type Marin’s name and book title in a search engine and a pdf should come up. But the pdf book might be hidden behind an email wall in which you give your email to download the book.
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