To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game. Risk comes from not knowing what you are doing.....
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
There is a direct correlation between knowledge, skill and outcome. We have been teaching investors and traders for over two decades and what they earn as returns is what they decide to earn. Once you have the knowledge and skill then anything is possible.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
@vikasgrey there is an old saying that investing without knowledge is gambling. So yes without a proven strategy selecting the rights stocks to buy can be challenging if you do not have the required level of knowledge and understanding of the market and not just around buying and selling. The right strategy will have clear entry and exit signals and be flexible enough to enable consistent profits in any market condition. Most of all it should be simple! Sadly most "experts" teach a one size fits all strategy that only works in the right market condition. This is why so many experience what you seem to be going through, but it need not be the case. My advice is to get the right education so that you can create your own system complete with solid buy and sell rules so that you can gain the returns you want.
To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game. Risk comes from not knowing what you are doing.....
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
There is a direct correlation between knowledge, skill and outcome. We have been teaching investors and traders for over two decades and what they earn as returns is what they decide to earn. Once you have the knowledge and skill then anything is possible.
Thanks for answering my question about CAR Group. Keep up the great work. 👍🏻
Thanks! Will do!
Fav part of the show is Dale's pearls of wisdom, don't throw good money after bad.
He does have lots of pearls to share!
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
@vikasgrey there is an old saying that investing without knowledge is gambling.
So yes without a proven strategy selecting the rights stocks to buy can be challenging if you do not have the required level of knowledge and understanding of the market and not just around buying and selling.
The right strategy will have clear entry and exit signals and be flexible enough to enable consistent profits in any market condition. Most of all it should be simple!
Sadly most "experts" teach a one size fits all strategy that only works in the right market condition. This is why so many experience what you seem to be going through, but it need not be the case.
My advice is to get the right education so that you can create your own system complete with solid buy and sell rules so that you can gain the returns you want.
Thanks
Your welcome, did you have a favourite part of the show?
I only like STO, IGO and NHC. The rest are too risky for me.😢😅😂😊
Thanks for the support.
Phil your stock picks are so bad
I disagree I think he is quite calculated targeting those higher volatility stocks still keeping that bit of quality