Having The Kahunas To Be A Long Term Investor

in LeoFinance11 months ago

▶️ Watch on 3Speak


There are many assets that can lead to financial success.

Everyone wished they bought Amazon at $7. Or got into Bitcoin at $100. In hindsight these are easy to see.

In this video I discuss how picking winners is th eeasy part. There are lots of things that do well over time. The challenge is that it isnt a straigntline. Prices go up and they go down.

Amazon at its present price did not simply move up from $7. Here is where having the emotional intelligence is equally, it not more important, than than intellect.


▶️ 3Speak

Sort:  

Way back when b.t.c was priced low a lot of people went on to buy but did not wait for this current period to sell off (not sticking with it) hence loosing the opportunity to be millionaires.

I think this is why the rich get richer, and the poor stay poor. The rich having available funds let them 'gamble' on up and coming stocks, while the poor can't. I do believe that understanding the company's fundamentals would help identify the good companies.

Well there is also simple math.

If we both get a 10% return and I have $1,000 and you have $1,000,000, you are going to get "richer" even though we are earning the same return.

Yeah that's true. Another advantage they have haha.

It is amazing how it is us versus them when most want to be rich. People want to be what they hate. One reason why they never get there.

Oh don't get me wrong. I don't hate the rich. I just used 'us' and 'them/they' as a way to differentiate how I'm not rich.

Kahunas are large... ready for the next 25 years!

Well that is a bit outside my timeframe but I am looking at the next 10 definitely.

 11 months ago Reveal Comment