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Taking that leap into investing your money isn’t easy. If you’re not careful, you can wind up losing money. (You probably will at some point anyway, to be fair.) Luckily for all those curious to dive into the investment world, there are plenty of experts out there who you can learn from.
For example, American investor and billionaire Warren Buffet has some timeless tips that can steer you in the right direction.
Of course, if you want to really dig in and grow your investing know-how, The Complete Finance Training & Investing Bundle is another great resource you can use to take your understanding further. Below, we’ve highlighted some timeless advice from Buffett as well as how this training bundle can help you become a better investor. Read on for details:
When you buy a stock, plan to hold onto it forever
Buying stocks isn’t like purchasing the latest fashion trend. You want to be sure you’re buying something you want 10 years down the line. “Our favourite holding period is forever,” Buffet once said. That’s because the more you buy and trade stocks, the higher your tax returns. Plus, building wealth takes time.
The course “You Won’t Get Rich in the Stock Market” can help instill this understanding. It offers knowledge on a long-term planning strategy for financial independence, as well as insight on the amount of wealth necessary for a secure future. It’s a good basics course that will further bring home why stocks are something to hold onto.
There’s no easy answer to investing
Look, investing isn’t exactly complicated, but that doesn’t mean it’s simple, either. You don’t have to be a master of economics to be able to effectively invest your money, but you can’t turn to a set of rules to answer every question related to an investment. It’s something that takes time and thought to do right. “You don’t need to be a rocket scientist,” Buffet said. “Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ.”
The bundle’s “The Complete Financial Analyst Training & Investing Course” offers 22 hours of TEDxTalk speaker and venture capitalist Chris Haroun’s expertise. Here, you can learn about risk management and how to value companies so you make informed decisions when buying stocks.
Be sensible
That means don’t take too many risks, make emotional decisions, or time the market. Low-cost index funds are a sensible choice for a beginner investor. Buffet is big on these! They don’t carry the fees that other investment funds do. It’s not only a safe strategy; it’s one that works. “Investing 102: Stock Markets & Index Funds – Learn to Invest” teaches you how to build a diversified portfolio and a key rule: Never invest what you’re not willing to lose.
Understand price versus value
Stock prices aren’t always the best marker to determine the value of a company. For instance, stock prices may drop during financial crises—but that doesn’t mean those companies aren’t worth investing in. After all, we’re thinking long-term here, right? These are often the best moments to buy quality stock. It’s cheaper. “Price is what you pay,” Buffet said. “Value is what you get.”
“Investing 102: Stock Markets & Index Funds – Learn to Invest” is a great course to really dig into the difference between value and price. That’s why The Complete Finance Training & Investing Bundle is a worthy investment for only $34.99 USD today. The course can be your first step toward securing financial freedom.
Prices subject to change.
