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1. Passive and active investing – Passive investors is someone wants to become the market and not try to beat the market, so usually you do index funds that have very low fees – Active investor is someone that loves evaluating businesses and spending time in financial statements ( it takes a lot of work)
For me: – I thought initially I want to be active so I did a lot of studying and made some money but I made some mistakes, but one thing is true, you will spend over 3-5 hours a day just reading financial statements. – Today I just invest in index funds and ETFs and I have a very passive approve of investing
Tip: be honest with yourself, if you just want to grow your wealth it’s passive, if you want to make a career then its usually active.
2. Buying below intrinsic value ( for mistakes and winnings) – This is how much the company its actually worth once you consider its future cash flow and discount it in the current day – In English, it’s basically how much the company is actually worth without included the market price – For example, if I want to buy a company a I want to know its true value, plus how much money the company will make me in the long term
The idea is: – You want to buy below the intrinsic value of the company, not to sell it when the market cashes up to the real price – But instead to hold it and have a margin of safety – That way you can continue to earn money for a long time, kind like buying coco-cola, and holding forever ( based on its true value)
Tip: you can work out the intrinsic value with a simple calculation but they’re more than just numbers. ( theirs also company brand, management, and competition)
3. Control your emotions – Where you are a passive investor or an active investor – You have to control your emotions – Business is business until it’s your business
For example: – You invested into an index fund, but the market crashed and now your down 50% ( what do you do) – You bought a great company but the market crashed and your down, what do you – The simple answer is you invest more, but the truth is you have to be comfortable with your investments and no your risk tolerance ( literally separate yourself from the decisions)
Tip: pick a strategy that you are comfortable with, I have a 80% ETFs and 20% bonds PORTFOLIO because a little more conservative.
4. Understand the company as a business not as a stock: spend time buying good business – If you anyone ever comes to you reading charts and talking about patterns, ask them why aren’t you richer than warren buffet – the stock market is literally a market for business to seek investors, how can you can find a pattern in a business price – you have to value to the company as if you were buying the entire company
tip: 80% of traders lose money every year but around 80% of them think they are apart of the 20% that make money its dumb.
5. Spend more time thinking than you do calculate – The more you learn about investing – The more you’ll see that there are models you can build to calculate the value of a company – But you have to spend time thinking about the actual business also and do you see happening in the future for it. Tip: you won’t be able to understand every business, so you have to pick a sector or a circle of competence and learn as much as possible about your expertise.
6. Bet big when you find something that makes sense ( mistake sitting on your butt or not buying enough
7. Fall in love with a company ( bad idea, you’ll stop looking at the mistakes) * PRO TIP* INFORMATION IS EVERYTHING
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor. source
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