Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
How rich other people are getting. “Nothing so undermines your financial judgement as the sight of your neighbor getting rich.”
Financial advice from billionaires. The ultra-wealthy are usually out of touch with normal people for their advice to be useful. They can also recover from huge financial mistakes that you can't afford.
39
1K reads
Your IQ. In investing, EQ matters more than IQ. There are lots of smart people who invest, but far fewer who can control their reactions. Normal IQ with high EQ makes you a better investor than the opposite.
Success in other areas of your life. Those who assume (non-investment) career success automatically translates to investing success don't usually do well. It doesn’t work like that.
40
556 reads
What you paid for an investment. Holding on to a losing investment until you break even can burn you badly. Some stocks never come back. Buy and hold can work out well for some stocks, but for others, you're just throwing good money after bad.
The time and effort you put into your investments. Doing due diligence when choosing investments is crucial. But there are no extra points for effort in investing. How hard you worked on your analysis matters far less than how good a job you did.
36
492 reads
How much you could have made if you would have only put $10k into… This sort of backward looking fantasies are useless, unless they teach you how to pick the next 10-bagger before it shoots up. Otherwise, you may as well throw darts at a list of stocks. Enron anybody?
Timing the market perfectly. Looking at market returns, for individual stocks, funds, sectors, or indexes, can be fun or terrifying, but not very useful. Nobody can consistently pick the best (or worst) times to invest.
35
440 reads
Beating the market. Investing is about achieving your personal financial goals, not beating the market. Would you rather get great returns but fail to achieve your goals (e.g., because you invested too little, too late), or achieve your goals with mediocre returns (because you invested early, often, and consistently)?
Short-term performance numbers. Your short-term performance will be great some of the time and miserable other times. Who cares? Long-term returns are the only ones that matter.
36
438 reads
IDEAS CURATED BY
Learn more about moneyandinvestments with this collection
How to create a diversified portfolio
How to analyze stocks and bonds
Understanding the basics of investing
Related collections
Similar ideas
7 ideas
Getting Your Investing Sails right Before You Go to Sea: 11 Fundamental Concepts
informationprime.wordpress.com
5 ideas
4 ideas
January Effect
investopedia.com
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates