"In trading, as in all things, it is the well-positioned minority that benefits from the actions of the majority" - James F. Dalton [Markets in Profile]
Life is too short to spend more time at work with your boss & co-workers, than with your own family.
No money can buy back missed time.
True wealth is measured in time, not dollars.
Teaching children about money should be part of parenting because most schools won't do it.
Here are 10 things everyone should know about investing & personal finance (before they turn 18):
There are 303 visuals in What's Our Problem? Here are 15 of them.
First, the path of a maturing thinker. I still often find myself on this roller-coaster when I learn about a new topic. It's human nature. But as we grow as thinkers, we can get better at skipping steps 1-4.
It’s funny to me that people think that there are traders on twitter that have the secret sauce to success. I was around people that I saw with my own two eyes making millions & I still lost.
They told me what to do & it didn’t matter until I learned on my own what to do.
Success won’t come from someone else, it comes with time & experience.
"You're An Awful Investor. Read This."
Check out my latest on Substack. It's been a while, but it's still free!
(Please retweet, especially if you have an audience and think that what I say is worth reading. I could use a little boost. Thanks!)
averygrrl.substack.com/p/you…
Hot take: If you're a single <#SPX sector> investor, and you don't have inside information, then there's about a 95% chance you're overlooking 75 of your investment opportunities.
Remember when everyone was a "tech investor"? Yeah, that's still the case. 🤦🏽♀️
People are often tempted to criticize what they don't wish to understand, but such close mindedness is self-limiting and may erode one's personal growth trajectory.
The reality: the future lacks structure and form.
The projection: based on past experiences we allow memories to drive emotions which in turn drive our decisions.
In this way, negative emotions and mindset leads to a negative future.
I'd really encourage people to create charts for YTD/QTD/6M/12M performance for every size/factor/sector/industry and country ETF they can....
And watch them. You can literally SEE IT when the market rotates from value to growth; the entire dynamic shifts. It happens in ONE DAY!
An underrated form of self-sabotage, is intensely focusing on other people.
Comparison is not only the "thief of joy," it is often the thief of progress.
Sometimes it's healthy to put on some blinders, and dig into your own work.
Not directed at anyone in particular, but there is a lot of well-intentioned #trading advice on fintwit about avoiding FOMO, being patient, reading price, etc. However, the underlying issues aren't being addressed: [a short thread]
#Futures
A really great piece from 2020.
"The middle class takes the largest hit here, with its share of U.S. aggregate income falling by 19 pctg points. Over the same time frame, the upper class was able to increase its share of total income by 20 pctg points."
weforum.org/agenda/2020/09/s…