Investing
I’d like to write more about my investing journey, until I find the time here’s my top tips:
- track your income against your outgoings!
- spend less than you earn.
- save and invest what’s left.
- don’t use debt or credit.
Spend less than you earn, invest the rest.
Nothing is worth the price of worry. Health before wealth.
If you’re starting out - automate buying index trackers every month, and spend your life finding quality pursuits with authentic people - get in the right room.
If buying stocks - maintain a multi-bagger mindset - buy quality compounders at a reasonable price, not reasonable businesses at a cheap price.
And invest in yourself - seek knowledge from the greats to model and learn from:
- Fund Managers - summary of investing styles
- Books - I’ve Read and Recommend
- Refreshers - My Spaced Repetition Strategy
Graham’s EVERGREEN Investing Plan:
- Money Management (run winners/cut losses)
- Stock Selection (numbers, story, price)
- Modelling/Forecasting (build a thesis - bull/bear)
- Benchmark (see Fund Managers)
- Target 15%-26% ARR (double your money/rule of 72)
These are my currently identified repeatable fundamental skills to apply and practice (and share?).
We buy undervalued compounding machines with a great margin of safety.