So you want to be a successful investor ?
It is possible. And doable. Quite easy to be honest. You only need some discipline, common sense, couple of hundred euros every month and 20-30 years. That‘s it.
Problem that most new investors face is dullness. Investing is boring. You only have to make one or two transactions every month. For 20 years. And that is it. That is all what it takes to become a successful retail investor.
But you want to do more, don’t you ? You want to trade stocks and currencies, invest in the hottest IPOs and ICOs, ride all the waves, short corporate fuck ups and do all the other cool stuff. Everyone wants that. But, at least based on academic and field research, by doing all this you will most likely hurt yourself financially (and emotionally).
According to number of studies, activity in financial markets, at least for retail investors, has a high inverse correlation with success. This means that the more active retail investor is, the less he is expected to make over long periods of time.
Its up to you to decide whether you want to have some fun or make money. You can either have an expensive hobby called trading or buy a sweater vest, make that one transaction every month and see your portfolio grow. Both routes have their own benefits. Just clearly understand your goals before going down one of them.
Investing is simple. It just takes lots of time and discipline.
A new report on investments and M&A in the legal tech sector has shown there is a significant boom in acquisition activity, largely driven by private equity (PE) funds. In Q3 2020 there were 32 M&A deals involving legal tech companies – compared to an historic average of around 15 per quarter.
Recommended Business Youtube Channels that I watch regularly:
Top in the list is VALUETAINMENT by Patrick Bet David. A great diversified content on capitalism. Love it.
2. Kevin O leary - The Mr Wonderful ofcourse 😅 A Nasty Shark from the Shark Tank USA BUT very insightful Business knowledge.
3. Graham Stephan - A Young Millionaire who talks about real estate & other investments in general. He shares some serious experiences of his investments and returns. Crazy Thumbnails 😂
4. Brian Tracy - What a great sales & marketing teacher. A complete business course package absolutely Free on Youtube. You get some real good tips on sales & marketing.
5. The Rich Dad Channel by Robert Kiyosaki - All about making money. Real Estate Investment and tips on asset protection and legit tax saving. Great insights for Millenials. He is going hard on sharing financial education which our standard education system doesn't provide.
Here you go, those were some of my recommendations. Who do YOU listen to? Share with me 😁
I dont read books, I watch!