Your investing journey ๐Ÿš‚

Itโ€™s good to see our growing community is composed both of experienced investors and those who are just beginning their investment adventure. :slight_smile:

So, a question to our experienced investors!

If you were to give one important tip to our community starter investors, what would it be? :pray:

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Being an investor for some years with a reasonable understanding and background of the financial markets, I would suggest:

  • Donโ€™t make your due diligence based on books/videos of โ€œindustry expertsโ€, everyone should make their own strategy, according to the investor profile that better suits you.

  • Choose a sector or a market and research every single detail about that market, whether itโ€™s the beverage industry or the media or the energy. Just focus on one and get the most out of it. Meaning that you donโ€™t need to overload your brain with too much information, it wonโ€™t be efficient.

  • Only invest what you are willing to lose, there are a lot of unknown factors, management factors, micro, and macro factors. Donโ€™t over-position yourself, nor do you need to over-diversify.

There would certainly be a list for multiple mistakes to avoid for beginner investors but letโ€™s start with these three.

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Thanks for sharing @AfonsoCasanova! Some wise tips there for sure.

If anyone is interested in some handy tools to plan out your investing journey I know Afonso uses https://www.jitta.com/ and I personally like https://simplywall.st/about. Makes researching potential investment opportunities quite simple.

I have been investing the last 7 years. Now, I document my investing journey on my YouTube channel: https://www.youtube.com/channel/UCdaLy-e_Ho9IivTT7WYK2MQ

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Great to see @Damian_Ka, love the passion to spread your investing knowledge!