Let’s Kick The Bucket! ?
First thing’s first, do a deep cleanse. FORGET EVERYTHING YOU KNOW ABOUT STOCKS. This first lesson will properly explain what stocks are and the fundamentals of how they work. There won’t be a glimmer of confusion as we put to bed some huge misconceptions! I will shepherd you toward three guiding principles that will serve you for a lifetime, so sit back and take it all in!
2 Ways Stocks Make You Money ?
3 Almighty Principles ✅
Businesses tick with how people think, the drivers of which are invisible.
Stocks are slices of ownership in business, so owning a stock is owning a business. That’s very important to understand. If businesses tick with the decisions of everyday people, made either by head or by heart, then so do stock prices.
Short-term movements in the stock price say very little about the underlying business.
It’s fingers in ears time! You don’t want to be exposed to market noise that makes a drama over every 1% stock movement. Don’t press your nose up against the window, letting movements in the stock price act as your business news. You need to be independent, calm, and trusting of your own decisions.
Businesses are as diverse as the people running them.
No, you cannot make money by picking a winner in every single different industry. It is impossible to be an expert on everything, and those who don’t understand that often never specialise and dominate a niche.