Needless to say if you have not read Part 1 yet then it probably makes sense to go back to that one first before you start on this one. You can find it here:
Anyway, I was going through various Bullet Points around the subject matter concerned and here are the next bunch:
I think that just about covers it. Really I see this kind of long-term thinking and overall approach as the sort of thing that Newbie’s really should be starting out on but sadly it seems to be the case that most people start out with far too much trading and it’s a bit arse-about-face. It would be far better for Beginners to take a long-term view and to learn what to do slowly and then once you have a few years under your belt, you can start thinking about shorter-term Trades and you are much more likely to be successful at it.
Sorry to have repeated that but it is massively important and my primary role in doing WD is to help Newbies sharpen up their act and if experience people want to read my stuff then they are most welcome !!
Anyway, I have been working on my ‘Scores on the Doors 2019’ blog which should come out soon and from that I suspect many People will have their eyes opened with regards to the kinds of Returns that long-term thinking and not doing much can achieve.
First up a specific blog on Long-term Investing:
The Power of Patience – very much on the subject:
This long and complex series covers the Costs involved in trading too much and it is quite an eye-opener and I recommend you put in the effort to read it. There are links at the bottom to the earlier parts:
This blog series covers Diversification – a crucial element of holding for the Long-term:
Price vs Value blogs and an emphasis on ‘thinking like an owner’:
These ones are very much about understanding Valuations and getting your head around these will help you hugely (at the bottom of this one there are links to the first 3 parts):
These ones are important regarding TopChopping – there are links at the bottom of Part 3 to the earlier bits:
This one discusses Averaging Down:
This one is controversial but very much an element of my Long-term thinking:
I am actually quite proud of this blog – not because it is well-written or anything (I doubt it is) but because it addresses something that is just so fundamental to making money over time on the Markets – understand this and put it into action and you are well on the way:
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