- Actionable Insights
- Posts
- 7 Ways to Invest Like a Pro
7 Ways to Invest Like a Pro
Welcome to Actionable Insights, a newsletter exploring health, mindset, and productivity!
In This Issue:
7 ways to invest like a pro
Tool of the week - Finny
Reading Time: 3 minutes
7 Ways to Invest Like a Pro:
Investing is the key to building wealth — it allows you to take advantage of compounding.
But 45% of Americans regret that they didn't invest more money.
Here are 7 lessons I apply when investing.
1) Play the long game
Invest early and hold on for decades.
The S&P 500 returns 10% per year on average.
2) Diversify
Don't put all your eggs in one basket.
Add a mix of stocks, mutual or index funds, bonds, and real estate.
3) Seek out dividends
Dividends pay you regardless of the stock's performance.
My favorite dividend stock is VDIGX — Vanguard Dividend Growth Fund Investor Shares.
4) Use psychology
People invest based on feelings.
Read the news to keep up with current psychology trends.
5) Avoid day trading
Stick to long term investing.
Day trading requires a lot of time and skill.
6) Do your research
Don't follow the latest trend.
Use websites like Morningstar to find strong investments.
7) Buy low and sell high
People panic and sell when stock prices fall.
If you believe a stock price will rise, buy it when the price is low.
Investing TL; DR:
Play the long game
Diversify
Seek out dividends
Use psychology
Avoid day trading
Do your research
Buy low and sell high
Tool of the Week — Finny:
Finny's newsletter, The Gist, provides game-based personal finance education for working adults.
Twice a week, Finny provides simple 5-minute breakdowns of top money trends, personal finance, and investing tips delivered right to your inbox - for free.
Work With Simrun:
I offer multiple customizable coaching packages.
When you're ready, here's how I can help you:
Habits
Mindset
Marketing
Twitter growth
Newsletter growth
Productivity systems
Physical & mental health
Final Note:
I'm excited to start this journey of writing a newsletter that aims to improve your life. I look forward to sharing valuable insights on health, mindset, and productivity every Tuesday and Thursday.
If there's anything you'd like to see in this newsletter, feel free to reply to this email!
Stay consistent,
Simrun