90% of Investors Lose Money in the First Years
Building Wealth the Smart Way: 8 Secrets Every Investor Should Know
When people enter the world of finance, they seek to get rich quickly, and I'm sorry to say (as I've mentioned many times before) that it doesn't work that way. The stock market has an incredible advantage over other assets, for example:
If you decide to be a real estate investor, you have to deal with rent defaults, tenants, property damage, etc.
If you decide to start a business, you have to manage payrolls, administration, taxes, etc.
If you decide to have a media channel (YouTube, newsletters, Instagram, etc.), it takes a lot of time, and you also lose your privacy.
However, in the case of investments, it's the opposite – the less you do, the better.
This is incredible; you never dreamed of doing nothing and making money, but here you can achieve it.
What do you have to do? Very simple and yet very complicated for all investors: buy good assets and wait. That's how easy it is.
Many focus on finding the next Amazon, but what happens when it has a bad quarter? Will you sell? Will you not sell? Not only that, but you have to keep track of when it reports results, what results it has reported, etc.
In the world we live in, this is an incredible advantage because most people seek immediacy. This means that if you are sensible enough and start early enough, you can make a lot of money.
However, 90% of investors lose money in the first years. This makes them 1) lose interest in the markets, 2) lose money, and 3) lose the magic of compound interest.
Today, I want to give you 8 tips that, if you know how to use them, will never happen to you. Many choose not to learn them and continue to lose money. They are simple, but most people don't know how to implement them.