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If you want to win at something you have to do the things that the losers don’t do. When it comes to investing this is simple - but not easy.
If it was easy everyone would do it. But they don’t.
And what is it?
Nothing
That’s it. do nothing
Most private investors lose money because they do these three things
repeatedly
- They are not sufficiently diversified
- They buy high and sell low
- They trade too often
Do the opposite
Be sufficiently diversified
Be in the market
and don’t trade unless you NEED to.
It’s TIME IN the market not TIMING the market that’s important
You don’t need to be a maths wizard to make good money decisions. You just need to behave yourself
Financial success is 5% intelligence and 95% discipline