Stop Checking The Price: Lose money every time you look at the stock market? The simple investing strategy for beginners to pick winners by trading only 4 times a year! by J.F. Dodaro

Albert Estrada
Участник
Присоединились: 2023-04-22 19:24:07
2024-09-04 20:02:03

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INTRODUCTION: THE PIXELATED TRUTH
You open up the app on your phone. You log in the account on your
computer. You check the price... down again. Just like the day before, and
the day before that. A burst of good luck here and there, but things never
seem to just move smoothly in the direction you want. These are good
companies, right? Everyone else certainly seems to think so. They make a
good product, the founders are super-rich, and you have a good feeling
about their future growth potential... And yet just by looking it feels like
you have single-handedly pushed the price down further! Forget growing
wealth — it’s hard enough to preserve wealth! Could it be time to switch
over to that stock you keeping hearing about in the news? The price just
keeps going up... What if that was the good company all along?
You ask yourself: did I not do enough research? Maybe if I had dug deeper I
would have discovered some hidden gem in their business model, bought in
early before everyone else, and would already be living the good life by
now! Is "buy low, sell high" really this complicated? If the talking heads on
the daily news say the crash is right around the corner, should I be getting
out? Or does that mean it's time to get in? What if my next pick crashes
again! But don’t you have to take the big risks to get the big rewards? At
some point you feel so frustrated you even contemplate pushing all your
chips into the latest crypto buzz coin – that is how your friend of a friend of
a friend made their millions... Or so it feels that way.
If you have asked yourself any of these questions, then welcome to the club.
We live in an information overload society, and the noise does not work in
our favor. We're all led to believe the secret to financial success in investing
is more information – not just a tip-off about a new ticker making waves,
but the deep dives: plunging into the depths of financial data to find patterns
in the numbers. Spending hours learning about the business model, the
company's competitive "moat," the executive team's vision, the latest
earnings growth numbers. Surely at some point we will have enough
information to make the right bet on the right company. But if more
research is the key, then how can any of us keep up? Warren Buffett starts
his morning with stacks of newspapers and reads 500 pages every day.
There are countless investors, traders, and analysts who spend all day
studying every single detail about your favorite stocks – how could we
possibly compete and work harder than someone who's full-time job is to
live and breathe the stock market? With the news constantly changing every
day, we are then shoehorned into two solutions. The first solution is to find
a financial advisor to handle our money for us: get someone who knows the
ins & outs of the markets. Someone who is watching every time the Fed
chairman sneezes, who knows when it's too volatile, how to diversify,
which companies are going to take off next year... and yet after their fees
and bad picks we end up worse off than the market! So the second solution
is to let the broader market handle our money for us: buy a low-cost index
fund, tell yourself that no one knows anything, and ride the waves up and
down with everyone else... compounding so that we can all retire with $1
billion in our account in the year 3000.
So we have information overload, handing cash to the money manager, or
riding the index with everyone else... How about Choice (D) – none of the

Stop Checking The Price: Lose money every time you look at the stock market? The simple investing strategy for beginners to pick winners by trading only 4 times a year! by J.F. Dodaro

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