Where did you first invest? Is it in stocks? Bonds? Mutual funds? Did you know that your first investment should be in your knowledge? A lot of new investors today are failing to invest in knowledge first. If you do the same, you will end up losing your money. You must solidify your knowledge first before you put money in anything. Do not follow the path of investors who ventured into investing without enough information about what they are taking. The next big thing is investing in your knowledge and here’s why.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020
When you invest in your knowledge first, you save yourself from losing a big amount of money. For instance, if you invest your P100,000 in stocks without knowing how the stock market works, you will lose this amount in a week or even in a day! Investing is like gambling. You need to be responsible for your actions. If you lose your money, who is to blame? It’s you who did not invest in knowledge first before you make your first investing move. This is inevitable if you will invest time and resources to learn.
Your knowledge is the foundation of your investing skills. Without strategies and tactics that you can use in your investing journey, you will not earn a peso. Like a house, you need a strong foundation and you will only be able to think creatively if you know the dos and don’ts in the market you are eyeing for. For instance, if you are planning to invest in stocks, you should know the timing of buying and selling. You should also know what to do when the market is up or down. You will know more about this if you will invest in your knowledge. Trust me, it’s the next big thing because it will help you earn more.
Knowledge is power and it’s going to last forever. It’s an asset that can’t be taken away from you. It’s intangible and it does not depreciate. Just imagine bringing your knowledge anywhere until you grow old. Investing your time, money, and resources in it are worth it until your retirement age. So, if you still think that you are only wasting your time reading books and informational videos, it’s time to change your mindset now.