Best investment advice

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What is the best investment advice you have ever received.

No lie this is the best and most fundamental advice I have gained for the stock and crypto market.

On the surface it’s funny and stupid hwr. IMO understanding yourself in this is fundamental and has saved my investments countless of times.

Then there is this...these two IMO are fundamental at really understanding whats happening.



Lastly is knowing how to properly set up trailing stop losses and buys.

P.S. total investment noob here and I guess as fall would say I just keep getting lucky in this online casino business, nevertheless would love to hear some good advice that you believe in.

 

[csmitting]

1. Don’t put all your eggs on one basket
2. Read up on the investments your making. Be informed where you’re putting your money
3. You can lose money.

 

[downbound123]

The safest way to double your money is to fold it in half and put it back in your pocket.

 

[The Fox]

To invest, start early. Even if it’s small. Compound interest is a thing.

 

[poker]

Think of your investments like a pyramid.

The bottom... the biggest portion should be safe stuff. Do not be too concerned about making tons of interest. This is your emergency life money if the apocalypse happens. Basic accumulation.

The next level... sound investments. Real estate. Established stocks in reputable companies.

Top level... the smallest portion of your funds is where you swing for the bleachers. This is the stuff you can afford to lose if bitcoin crashes... because you still have sound investments.

Swinging for the bleachers with all your money... really sucks if you strike out.

This money should be outside your budget. This isn't the TV was on sale fund... or its Christmas and we need more plastic for the kids fund...

And finally... once you start accumulating some wealth... this is the danger zone. Someone will appear in your life who has an idea... or is starting a company... will say you can get in on the ground floor... they will claim to have experience, and reassure you that you can't lose.... Red Flags should be going off.

Remember, if they need your money for their project, they already do not qualify.
(Read that sentence again).

And, Never ever EVER invest in something that makes you liable to pay back investors, or loans, or mortgages if someone else's project fails.

(I should credit Chris Brady of Life Leadership for this advice).

 

[bazokajoe]

Don't invest in anything you don't understand. For me it's crypto currency.
Invest in brick and mortar businesses, companies that have a record of steady dividend increases.
I'm a very conservative investor and it has worked out very, very well.

 

[Scopez]

Few lines from Peter Lynch I have enjoyed.

1. You cannot lose money on a stock you dont own, the only way to lose money is to buy the stock, have it go down and then you sell..

2. Stocks are not lottery tickets, there's a company behind every stock. If the company does well, the stock does well.. if the company does poorly, as does the stock


And the most important one,

3. The stock does not know you own it !

Those are the first three that came to mind, however there's many more brilliant things this man has said about the stock market, and it's what has kept me grounded in my investments while people around me chase bitcoin, amc and GME.

 

[|2 /-\ | /|/]

Few lines from Peter Lynch I have enjoyed.

1. You cannot lose money on a stock you dont own, the only way to lose money is to buy the stock, have it go down and then you sell..

2. Stocks are not lottery tickets, there's a company behind every stock. If the company does well, the stock does well.. if the company does poorly, as does the stock


And the most important one,

3. The stock does not know you own it !

Those are the first three that came to mind, however there's many more brilliant things this man has said about the stock market, and it's what has kept me grounded in my investments while people around me chase bitcoin, amc and GME.

The thing that always comes back is trading on emotions. Always have a strategy if it goes up too much or starts to tank, when is your exit strategy, etc...before entering the trade.

I made this mistake countless of times and cost me a lot and hurt worse then a bitch that I still feel the sting sometimes. Just not being prepared for all possibilities and allowing FUD, fear and fomo to mess with my decisions.

 

[Ponderling]

If it is a hot tip, read the prospectus.
If your broker needs to ask for the underwriter for it before sending it to you, sure sign to stay away.

If the prospectus leaves you confused, pause and read ones for main stream stocks. If it still has dicey clauses that leave you lost, stay away.

Rare is the ipo that is a sure fire winner.