How to analyse Financial Statements Part 1 [Short Thread].
Ever wondered how the more experienced investors on the TL analyse and decrypt financial statements in order to determine whether or not they should go ahead and invest in a company?
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You will forget rejection, but an opportunity like that one might never come again. When an opportunity is presented to you grab it with both hands, no doubts please.
@DividendIncome_ I won't lie this is the first time I haven't looked at my EE account for almost a year. But I also wasn't investing for the same time period.. so I consider that an L.
However I agree that, long term is the goal.
@BCRealityy Lol hindsight is the best teacher, I've had moments like these but yoh I won't lie a year or so later you will probably look back and wish you bought yourself something meaningful or put that money to use elsewhere.
Just saying.
Things to consider before investing in ETFs:
-Fee's
-Fund Size
-Average Trading Volume
-Underlying Index
-Tracking Error
-Market Position
Anything else?
Every failure you experience is an opportunity to learn something new. This is why you should make the most of your struggles. They are all happening for a reason.
@YoungInvestor03 I'm down I think it's a great idea. It will help us learn from each other and keep each other motivated and disciplined on our individual journeys wrt how we use our money.
You'll never know your capabilities if you keep on giving up - sometimes you give up when you are only a step away from achieving the goal. Stop cheating yourself by giving up, you really have got this💯.
If you invest R5 000 a year starting at age 20, with 10.75% returns, you will have R2 716 043 by the time you turn 60 years old.
If you chose to wait and start investing R5 000 a year at age 30, then by the time you turn 60, you will have R948 604.
That is compound interest📈
@NancyDegrecia Put money away, have a plan with it and use it wisely. Most of the things you spend it on in hindsight are really just over-spending and wasteful.
Especially just junk food, over time this can be where you almost spend the most.
Learn to sacrifice and put money away habitually.
@NancyDegrecia Yoh this year I learnt the hard way. Kinda slacked with budgeting, saving and investing. Infact I was just blowing money on junk food and dates.
Now that I'm looking at my monthly excel budget sheets I'm just seeing how much I really wasted money, and i will never repeat 2022!!
If you have assets under your name, make sure to write a will. Anything can happen at any moment and your life could end. Will's are not just for old people. The last thing you want when you die is the state and courts in charge of your assets.
@fredtheinvestor This!
It's sad when you hear old people talking about how other families are going to court every day trying to gain access to their deceased family members'/parents' inheritance.. wills are very important and make life easy for those that remain behind once you're gone.