I wanted to share what I’ve learned & how it can be beneficial to you.
First: don’t put all your eggs in one basket
- Putting all your investments into one stock is extremely dangerous because no matter how strong the company is, you never know what can happen in the world.
- Allocate 50% to long-term investments, 30% to short-term investments, & 20% in cash on your Thndr wallet for buying opportunities when a strong company’s stock is down on a certain day.
- Don’t invest all your savings in the stock market, but 50% in the stock market & diversify elsewhere with the other 50%
Second: The thousand-mile journey starts with a single step
- Invest consistently in the stock market. Not only does it allow you to save, but it can appreciate if the company’s stock rises
- Monitor news & educate yourself on the stock market, even if it’s one new piece if information every week
Third: Don’t be like me!
- Don’t sell strong companies at a loss
- Have a strategy, don’t just look at your portfolio every day to see if its value increased/decreased
- Be disciplined. If you have a target sell price & you reach it, don’t be greedy. Sell.
This is a short summary of what I’ve learned during the past year of investing.
* This article was not written by Thndr and does not constitute investment advice. You should do your own research before making investment decisions.
