I played 4 seasons of Division 1 college football
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Here is what it taught me about investing
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Sit back and enjoy!
(thread)
Here is what it taught me about investing
Sit back and enjoy!
(thread)
Before I explain the 4 lessons that football taught me about investing, here is some proof that I played
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(I was a long snapper, we didn’t get many photo opportunities lol)
(I was a long snapper, we didn’t get many photo opportunities lol)
Lesson #1:
You can’t control what the refs call
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If the refs call a holding, then it’s a 10 yard penalty
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Whether or not it truly was a holding call, if the refs call it then yardage is taken away
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What does this teach us about investing?
You can’t control what the refs call
If the refs call a holding, then it’s a 10 yard penalty
Whether or not it truly was a holding call, if the refs call it then yardage is taken away
What does this teach us about investing?
With your investment portfolio, you cannot control outside factors
You can only control WHAT your invested in and WHEN you decided to buy/sell
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Covid-19? Can’t control that
BUT
You can control if you buy stocks that are still undervalued
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CONTROL WHAT YOU CAN CONTROL
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You can only control WHAT your invested in and WHEN you decided to buy/sell
Covid-19? Can’t control that
BUT
You can control if you buy stocks that are still undervalued
CONTROL WHAT YOU CAN CONTROL
Lesson #2:
During our conditioning
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It didn’t matter if you were on rep #1 or the last rep
If you cheated, you started back at ZERO
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During our conditioning
It didn’t matter if you were on rep #1 or the last rep
If you cheated, you started back at ZERO
With Decade Investing, if you try to cut corners and try a get rich quick scheme, it will come back to bite you in the tail
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You may win in the short term and not get caught
BUT
If you consistently do it, it will hinder your growth, in my opinion
DO NOT CUT CORNERS
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You may win in the short term and not get caught
BUT
If you consistently do it, it will hinder your growth, in my opinion
DO NOT CUT CORNERS
Lesson #3:
In college we played 12 games... that is a LONG season
You win some
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BUT
All that matters is having a winning season to make a bowl game
You may lose one week, but you CAN’T give up
In college we played 12 games... that is a LONG season
You win some
BUT
All that matters is having a winning season to make a bowl game
You may lose one week, but you CAN’T give up
With Decade Investing, who cares about the day to day fluctuations of the market
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WE are in this for the long term
If we are
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DON’T SELL
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All that matters is our money is worth more (hopefully 8%+ YoY) by the time we retire
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WE are in this for the long term
If we are
DON’T SELL
All that matters is our money is worth more (hopefully 8%+ YoY) by the time we retire
Lesson #4:
In football, we NEVER played an opponent without watching hours and hours of film
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We would spend a whole week before a game analyzing and breaking down our opponents
All aspects of the game we would watch!
You would NEVER go into a game without watching film!
In football, we NEVER played an opponent without watching hours and hours of film
We would spend a whole week before a game analyzing and breaking down our opponents
All aspects of the game we would watch!
You would NEVER go into a game without watching film!
When it comes to dividend investing (less important with index funds)
You NEVER should invest into a company without doing your research
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What’s the yield?
What’s the payout ratio?
What’s the dividend growth?
You MUST “watch film” on potential stocks to invest in
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You NEVER should invest into a company without doing your research
What’s the yield?
What’s the payout ratio?
What’s the dividend growth?
You MUST “watch film” on potential stocks to invest in
I hope this thread was informative and opened a new way of thinking about investing in the stock market!
As always, if you ever have questions, send me a DM!
Much love and I appreciate you sharing this
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@DecadeInvestor
As always, if you ever have questions, send me a DM!
Much love and I appreciate you sharing this
@DecadeInvestor