Oct 26, 2023
FIEGI Report – You Know More About Investing Than You Think You Do
Written By: Ryan Fiegi
Hello, everyone! We will stay away from the Halloween puns and get right to the article. Enjoy!
You Know More About Investing Than You Think You Do (4-min article)
Summary: “Investing better means living better. Not just because it can lead to having more money, but because many of the habits that serve us well as investors serve us well in life, too. Here are six principles that can help you in life and in investing:
- Uncertainty Creates Opportunity – “The best antidote to uncertainty is educated optimism.”
- Plan, Don’t Predict – “Plan for what can happen, rather than trying to predict what will happen.”
- Flexibility Adds Value – “Flexibility adds value because it leaves space for judgement.”
- Harness the Power of Compounding – “Your life is the result of the cumulative effects of the decisions you make every day.”
- Control What You Can Control – “While you can’t control the world around you, you can control how much risk you take.”
- Tune Out the Noise – “When it comes to investing, a lot of things are interesting without being meaningful.”
Monthly Quote:
“Your habits will determine your future. I don’t blame or complain about things like the economy, the government, taxes, employees, gas prices, or any of the external things that I don’t have control over. The only thing I have control over is my response to these things”
-Jack Canfield (Author of Chicken Soup for the Soul)