Unlocking the Power of Long-Term Investing
In this edition of my newsletter, I will explore key strategies that I use for successful long-term investing. My focus is on the importance of patience, consistency, and informed decision-making. Here are the highlights:
1. Embrace a Long-Term Mindset: The video emphasizes that understanding the power of compounding returns over time is crucial.
I don’t invest in a company for a short term gain. I look at fundamentals to ensure that over time that company will be a cash producing vehicle for me whether its in stock appreciation or dividend payouts.
2. Diversify Your Investments: A diversified portfolio helps mitigate risk and increase potential returns.
If you have been reading along (especially for premium members, which is only $6 a month) you know the exact way I diversify my portfolio. This allows me to be spread across various sectors and industries to provide the best form of diversification possible.
3. Regular Reviews: Regularly reviewing and adjusting your portfolio ensures it remains aligned with your goals.
People will generally say to review once per year. I like to review everything once a quarter. However, I make changes to my portfolio once a week. During my quarterly reviews, I make sure the companies I am invested in still align with my long term goal.
If you want to see the exact way I am doing this down to my exact buys and why subscribe to a premium membership today!
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