- The best investment is the new you. Don’t chase illusory stock market returns. Invest in a new version of yourself for whom your old money won’t matter.
- The main goal of any investment — to earn while you sleep.
- Put your money where your belief is. Ignore analysts and gurus.
- Automate your investment process with your own rules, to avoid emotional decisions. Keeping a journal helps.
- 80% of active traders underperform the index, and only 7% consistently earn more. Dead investors outperform everyone in portfolio returns.
- No one actually knows what to do with the money. A company that’s massively profitable is a company that’s out of ideas. Same goes for people.
- Scarcity Principle: Ask if demand will grow while supply remains the same or even better, decreases.
- Garbage, not investments:
- Promises of returns over 30% annually.
- Promises of short-term returns (month, week, day, etc.).
- Futures - first derivative of stocks.
- Options - second derivative of stocks.
- Structured notes - essentially expensive advice disguised as complex investments.
- Forex.
- Leverage and shorts - broker fee traps.
- Stop-losses and take-profits - unnecessary actions without clear re-entry points. Sell only if a higher-yielding asset is identified.
- Analyst advice (including this)
- Various trading types (technical, news-based, intuitive, algorithmic, psychological). What actually works? Good old insider trading.
- Value your peace. If you loan someone $20 and never see them again — that makes it worth 20 dollars.
- «Lord, thank You for taking it in money»
- Pessimists sound smart. Optimists make money.