Showing posts with label Thought. Show all posts
Showing posts with label Thought. Show all posts

Wednesday, September 6, 2023

No Quick Win in Investment

No Quick Win in Investment:


How do we evaluate companies when deciding what to invest in?

It is a tricky question ha!

but don’t worry, in this article, I will keep it short but informative

Basically, you need to set your goal first, Investing is not a short-term plan “never been and never will be”

Any promises of short wins will end up being a victim of scams or fraud.

Investing has the potential to generate much higher returns than savings, but that benefit comes with risk, especially over shorter time frames.

So, it is up to you to consider three factors: safety, income, and growth of the company.

Income:

Experts recommend setting aside at least 5% to 10% of your income for investing in stocks, bonds, and other assets as most big investors do monthly.

Growth of the company

Try to read about the company and its future plans and the history of its stock before you decide Also try to Identify the industry’s economic characteristics and know about the products or services that the company you will invest in offers.

As Harvard Business Review states about measuring the growth in the article “The Five Stages of Small Business Growth” link: https://hbr.org/1983/05/the-five-stages-of-small-business-growth

I will keep it simple. It summarizes the process of measuring the growth in some points:

· Existence

· Survival

· Success

So, as I said before let's skip all the complicated economic terminology and keep it simple

safety

Finally, you should use a safe trusted platform so you can use it to save your money and invest in it

Conclusion:

Identify the company you will invest in, set your long-term goal of how much money you will invest each month, and keep track of the company news

Any promise of short wins will end up being a victim of scams or fraud.

Do your homework about the companies you wish to invest in, Start with a steady amount, and try to be patient as this is the secret ingredient in investment

Try the Egyptian stock market and bonds 

Use my referral link to download Thndr. Activate your account & make money moves 💸


The Mindset

 The Mindset



  1. Think about what you can achieve in 10 years, not in a week. We underestimate what we can achieve in a decade, and we overestimate what we can achieve in a day or a week. Shift your focus to what you can achieve over the next decade.
  2. Think in terms of who you will become (character), not what you will have (possessions.)
  3. Think in terms of process goals, not results goals. A results goal could be to grow my business by 20%. A process goal is to make two more calls per day. A result goal is to lose 10 kilograms. A process goal is to leave two bites unfinished on every plate.
  4. Think about changes in your environment, not your willpower. If you want to eat less chocolate, don’t have it in your home. If you want to do more exercise, put your sports gear on as soon as you wake up. If want to use Facebook less, delete the app. High performers don’t have greater willpower, they remove the distractions from their lives.
  5. Don’t negotiate with your excuses. As soon as you decide to take any action, your mind will come up with reasons not to do it. Don’t engage in this discussion. Your excuses have access to all of your intelligence and they will win. 
  6. Fix the little things, and the big things can take care of themselves. Over the last 3 years, I’ve had a habit of noting down each afternoon my “love/hate” list. I note everything that has added to my enjoyment of life on the left and everything (and everyone) who has detracted from my life on the right. It is often small things that detract. I have acted to remove anything that consistently appears in my “hate” list from my environment. 
  7. Think why, who, how… not what, when, how…. In every decision process, the first question is “Why is this important to you?” And we will stay with this question until we truly understand why… before we move to who can help and how to execute. Start with why. Do what is important, not what is convenient.