Patience is a virtue in nearly everything; especially when investing in stocks on the stock market.
It is the only virtue without an opposite.
See: "Impatient" really spells/means "I'm-Patient".
- S.Q.
Ever thought about how a hundred thousand forests could be hidden inside a barren little seed?
It lays upon the ground thirsty for a drop of water.
That is how Value Investing works. Mr Market always reverses his sentiments, and a cigar butt becomes puffable once again.
-S.Q
Double down (I don't care, quadruple down if you must) on your own side hustle or business.
Warren Buffett didn't just make his money in stocks, he was 99% heavily invested in his own business - Berkshire Hathaway.
#Invest in you.
In 2004, I didn't watch anything else apart from Bloomberg and CNBC. I read nothing but investing books and money mags.
Obsessed? (understatement)
I stared at scrolling ticker symbols, looking for record lows.
I ate cereal for dinner to squeeze more savings for stocks.
-S.Q
Value Investing is the discipline of buying $1 bills for pennies;
And leaving it sticking out of your front pocket until you find someone who wants to Trade U $5 for it.
- Simon Quayson
(FFSage Founder)
[email protected]
Prophetic Finance: Ability to see into the future and make predictions with high accuracy.
Perhaps a level or two above George Soros.
HOW? By the cultivation of the spiritual together with the owner mentality and business acumen.
I Set daily goals - the night before
I Set weekly goals by Sunday night
I Set monthly goals 3-5 days ahead
I Set yearly goals
I Set 3 - 5 year outlook goals
Then, set micro goals within the day and monitor them with a pomodoro timer.
Revisit my daily & weekly goals - 3X daily
Start right now
Grab a pen and write down a ticker symbol, the current price, and today's date. Or even better; create an online stock simulator account in 5 mins.
The paper trade may not earn real money, but gives you mental readiness to start with less costly mistakes.
Start
Me thinks you can buy the wrong stock you don't like at the wrong price sometimes; even if it's not a good fit for your portfolio.
We can create a separate (or hypothetical) portfolio for this with strategic damage control.
We have to experiment with various mental models.
If we're going to change the world in the next 20 years, let's sail into the deep. Let's normalize thinking outside the box.
Little leaps will become giant steps. Failure doesn't exist. All that failure is - is feedback. - Simon Quayson
Money doesn't have eyelids. Try to give it warm milk and shove a pacifier in its mouth, and it will bite your arm off.
Money doesn't take a break.
Does your bank press the pause button on compound interest on weekends and holidays?
Money is looking for a new master every day.