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Investing Guild - Coggle Diagram
Investing Guild
principles
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If people want to begin increasing their financial success, it begins with increasing their vocabulary in a certain subject.
while a certain sector such as large-cap stocks, may have done the best in the last five to ten years, over the past 50 years of data, it may actually be another sector of stocks, such as small-cap stocks, that may make investors the most money
Members of your financial team may include: • Banker • Accountant • Lawyer • Broker • Bookkeeper • Insurance agent • Successful mentor
The goal in investing is to get the maximum net return for a given amount of risk (and, ideally, the lowest cost
Money is the root of all evil,” but “the love of money” above all else—love, relationships, contribution—that’s the recipe for surefire disaster.
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Myths
real-worldapproach is called the dollar-weighted return. the returns you see in the
brochure are known as time-weighted returns
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A sophisticated investor knows the three Es: Education, Experience, Excess cash
So the movie star had excess cash, but he lacked the first two items. And there are many people with the right education, but they lack the experience. And without real-life experience, they often lack the excess cash
Investing is a plan, not a product or procedure
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