Asked on 08 Dec 2019
Top Contributor (Jan)
Mixing with the right people really grew my investment knowledge.
You are the average of the five people you spend the most time with
My waking hours are spent with a fund manager, an investment analyst and 3 remisers/financial advisers.
I used to think it's consistent readings, keeping up to date of my knowledge. But what got me the full on growth acceleration is joining an investing community where everyone is just helping everyone to reach their own goals. After investing for 3 years, I thought I knew pretty much. After joining this community, I felt I knew nothing at all, so I begin again. And the knowledge I have gained thus far (in just 6 months) has been far more solid than I can ever imagine!!
Get a job in buy-side investments. The high pressure will accelerate your learning curve, and you will learn from people who have been doing it as a career.
I worked as a commodity derivative broker, so im used to seeing market swings and got to understand the multitude reasons that go behind wild, random, unpredictable price movements. This helped me to appreciate the saying of "the short run, the market is like a voting machine--tallying up which firms are popular and unpopular. But in the long run, the market is like a weighing machine" & in a way helped formulate my approach to value investing, using & taking advantage of market noise where possible
Search on Youtube and find financial youtubers that made videos on investing topics that reasonate with me. I think with the advent of Internet, it had given a platform for seasoned and successful retail investors to share some of their experience (success & failures). But of course, at the end of the day, you are the one ultimately responsible for your finanical outcome
Pay for the right kind of course and apply the methods taught. Be hungry for results (but not taking on excessive risk). Refine from there.
I don't think mind is a secret. The only way to grow is to mix around with others light minded people who is better than you and learn from them. Also keep challenge yourself to think out f the box and think deeper for each of the stocks that you interested in.
Read valuebuddies forum on the internet. You will gain valuable knowledge in investing thought processes and lessons from some of the members over there. Many have invested for decades
Top Contributor (Jan)
Get started. That is the most straightforward advice that I can give anyone.
Often, we are devoured by the 'little voice' in our head to stop doing what we need to do. Instead, start investing a small amount of money that you can afford to lose. Understand why you are earning or losing the money.
If you are really afraid of losing, start with an excel simulation. Do it the same way as if you are buying a real stock. Repeat until you get bored of it, or till a point where you know you are confident to enter the market with real cash.
Along the way, read and read as much as you can - market news, investment news, find out what others are discussing, annual reports of funds and companies that you are interested in. The more you read, the more exposure you get. Accordingly, the more confident you will get.
Meet investors and successful business owners; or rather anyone and everyone who is smarter than you and is willing to spend time meeting you. Ask them what is the one thing that made them successful today.
I know I need to learn fast because I'm part of consumer finance and life is short.
Here is everything about me and what I do best.