Description

Investing could be confusing and intimidating if you are just starting but it’s the sure-fire way you can reach your financial goals. The good news is, you don’t need to be a guru and extremely good in numbers to invest. For most people, understanding the basics and choosing the right investment strategy is enough to get started. In today’s episode, I will go over the four basic rules of investing and share practical tips on how you could start your investment journey today.

Invest for the long term

• Short-term thinking is the reason people fall into an investment scam
• You need to be invested five years or longer to get the maximum return

Don’t decide based on your emotion

• Fear and greed are the major forces that move the financial market
• Automated savings investment and dollar-cost averaging

Diversify your investment

• Go deep in one asset type

Don’t stop learning

• Read and be on top of the news. Be aware of the world around you

Key Quotes

“Investing is 90% behavior and 10% IQ.”- Janilyn Sacdalan

Resources Mentioned

Charlie Munger

Warren Buffett

John Bogle

Connect with me!

Follow me on my socials: @janilynsacdalan / @inpursuit_podcast

Collaborate with me: inpursuitwithjanilyn@gmail.com

Book a FREE consultation call: https://beacons.ai/janilynsacdalan

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Listen to the previous episodes here.