Learning the Ropes of Investing
Call me a true novice… I am ashamed to admit that I have let retirement money sit unattended and unmonitored for far too long! WELL NO LONGER! I just read this great book by Phil Town (Rule #1) who makes investing in the stock market seem much more approachable and real for a novice like myself.
Honestly, I have fears of the stock market. Investing in real estate and businesses comes pretty easily to me now, but, when I look at those numbers that seem to go up and down so radically, I truly get scared to invest.
This book, Rule #1, has put my mind to rest. I am sitting in front of my computer with poster paper tacked up all around me with tips and elements to investing that are helping me move toward competence in the stock market.
You can read the rest of The Eager Investors search by clicking http://www.financialresource.org/blog/learning-the-ropes-of-investing/
So, I’m starting this blog to keep me honest… keep me moving toward excellence in investing. Any thoughts and assistance from anyone out there whether new or experienced at investing will be greatly appreciated and shared with all of you.
I’ll leave you with one of the sets of “rules” given by Phil Town in his book that I find helpful in looking for companies to invest in on the stock market.
Rule #1 Investing is:
Finding a wonderful business—one that you are proud to own and you want to own for a long time and that you understand
Knowing what that business is worth—using math and specific numbers to scientifically understand its value
Buying this business on sale—Phil Town tells us to look for companies that are 50% off…
Repeat this for all investments
I like this methodology because of the first item… invest in what I believe in! It’s important that every venue I make money in allows the community and myself to do well—a win/win situation.
Have a wonderful & prosperous day!
To make sure I’m constantly doing what I should be in business and investing I say this prayer (invocation, meditation whatever you may call it) daily:
“O my God, I ask Thee by Thy most glorious Name to aid me in that which will cause the affairs of Thy servants to prosper, and Thy cities to flourish. Thou indeed, hast power over all things!”
~Baha’u’llah (Epistle to the Son of the Wolf, pg. 61)
About the Author
The Eager Investor is a first time mom and nervous about investing her money which makes her want to learn and share as an author at Financial Resource: Your Path to Financial Freedom!
A financial education blog to share experiences on 401K, assets, budgeting, cashflow, early retirement, finance, financial freedom, investing, money management and retirement planning using downloads of free audiobooks or books on tape, posts, podcasts and video.
Join our community in its path to financial freedom by visiting us at http://www.financialresource.org
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