The crypto markets are in a tailspin… Stocks are plummeting… Inflation is through the roof… We’re on the brink of WWIII… And a recession is looming. This chaotic market might leave you frustrated, scared, worried, and unsure you’ll be ready for the impending collapse of the dollar. People are starting to doubt themselves and their investments (a lot of which rightfully so). But the smart investors out there feel secure in knowing they’ve made the right investments and that the highs and lows are just a part of the cycle.
If you’re not feeling a sense of security even during this chaotic time, your investment strategies are wrong. Don’t beat yourself up about it. Learn from your mistakes and get back in the rodeo. Oh, and this time, don’t be an idiot, follow these 12 tried and proven tips and tricks to help you find great success as an investor:
1. Invest in companies you believe in. - One of the biggest mistakes that people make in investing is putting their funds into companies just because they’re trendy. They don’t take the time to even review if the company is something they truly will be successful in the long run. Stop investing in companies just because some TikTok “guru” said you should and invest in companies that align with your good sense.
2. Price and value aren’t always the same: Don’t pay too much. - Beware of overpriced investments. There are people out there that will try to price their companies at potential value instead of current value. Don’t fall victim to this. The price should be a fair reflection of the company’s current state.
3. Reputation is everything. - Take a deep dive into the history of the company, their founders and their current investors. Trust the track record that you find. If you notice a pattern of failure and major losses, this will likely ring true in the future. However, if you find the company has a great reputation for success in the past, this is a good sign that they’ll recreate this success over and over again in the future.
4. Be skeptical. - If something looks too good to be true it most likely isn’t true…- This goes for nearly anything in life. Don’t be a fool, everything comes with its pros and cons. If everything sounds completely in your favor, you’re either dealing with fools that have no idea what they’re doing or you’re being preyed on as a fool.
5. Don’t invest in something you don’t understand. - Smart investors invest in the things that they have working knowledge in and if they do not, they seek the knowledge. Be a smart investor.
6. Don’t do a deal with someone you don’t trust. - This one is self-explanatory. Why would you place your money with someone that you don’t generally trust? This is
insane. If your gut feeling tells you that they’re not to be trusted, they’re probably looking to screw you over. Get out of there.
7. Don’t buy into a company unless you think it’s undervalued. - The best and most profitable investments are the ones you find that work to your advantage. If you invest into overvalued companies, you’re leaving the floor open for failure once the rest of the world catches on to the fact the company is not worth as much as they tried to sell themselves to be.
8. Price dips are an opportunity to increase your positions. - Times like now where alot of companies are desperately seeking funding are a great time to invest to get the most bang for your buck. It’s a major win if you can enter the investment rounds at a low price point because it leaves more room for bigger returns once the price and value goes up. Learn the cycles of business to pinpoint a good time to invest
9. It’s during hard times that the winners — and losers — get exposed. - It’s times like now that your investment strategy will be exposed. If you’ve done things right, you have nothing to worry about. However, if you’ve blindly invested without giving it an ounce of thought, you’re probably screwed.
10. Read and think A LOT. - Don’t believe everything you hear. Go and do the research for yourself. Also be mindful of the content you consume and what the source is. Seek knowledge from a variety of sources and don’t fall victim to mainstream media bias.
11. It doesn’t take a high IQ to be successful in business — knowledge is more valuable. – You don’t have to be the smartest person in the room, but you do need to know how to find the answers. Equip yourself with good working knowledge. Read as much as you can. Identify reputable sources. Surround yourself with a network of people with expertise in areas that you don’t have. Knowledge is power, especially when it comes to investing
And last and most importantly,
12. You’re your own best asset. - Remember, as an investor, you are the prize. Act like it. Hold yourself accountable, make wise choices, be able to add value to the company and set yourself up to make big wins. Your investments are only as good as you are.
I see a bright future no matter what the economy is. I make money, whether the market is up or down. Why? Because it’s not about the industry but about the people executing in that industry. I believe in the human spirit. I believe in human potential as long as you learn from your mistakes. It is a fact that you never learn from your successes. You learn from your failures.
I know the world feels like it is spiraling now, but you have the potential to regain control. These smart investment strategies will change your life. Don’t be discouraged if you’ve made a few mistakes. Afterall, investing is just like anything else. In order to succeed, you have to practice. Learn from your mistakes and get back in the game.