Bad Investing Habits You NEED to Break | Phil Town

June 9, 2019

Here is the link.

Bad investing habits to break

• Try to get rich overnight
• Giving your money to someone else to invest
• Over-diversifying your money
• Panic selling
• Impatience

Try to get rich overnight

1:25/ 14:09

"If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes."  - Warren Buffet

Really good investment is about long-term.

Giving your money to someone else to invest

Simple fact:
Nobody cares about the money as you do. They get percentage. They even do not try to beat stock market. They churn to get bigger commissions.

You do not do your favor to let others do your own work.
You learn how to manage your own funds. Make your own decisions.

Over-diversifying your money

Due diligence

Honest management
Is the price attract?
Are you familiar enough ...
Moat ...

You truly do not understand what you own. You just hope that it goes up.

Impatience

Something just takes time.