This week we’re talking about the stock market's latest tantrum and what it means for YOU. (Spoiler: maybe not as much as you think!) 🤫
In this episode we’re breaking down the psychology of fear and hype, and talking about how to avoid getting caught up in the noise while building a long-term strategy that makes you more confident and less stressed.
Takeaways:
- An overvalued stock is one where the price is higher than its actual worth based on its current performance and future expectations.
- Market volatility and fluctuations in stock prices are often driven by market sentiment and short-term traders.
- Forget the hype and focus on fundamentals - For long-term investors, it is important to focus on the core fundamentals of a company and not get caught up in short-term fluctuations.
- Valuation is an art and science - Evaluating stock valuations requires a mix of quantitative measures (e.g., price-to-earnings ratio, price-to-earnings growth ratio) and qualitative factors (e.g., CEO and executive movements, insider trading).
- Long-term investing is about more than money - It's about building confidence and a sense of control over your finances. Diversification, dollar-cost averaging, and focusing on what you can control are key strategies for navigating stock market fluctuations.
- You're in control of your destiny, not the market's - Developing a solid investing philosophy and understanding your risk tolerance is crucial for making informed investment decisions.
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Get our book Cashing Out: Win the Wealth Game by Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes
If you would like to learn more about investing, check out our newest class, Making Money Grow
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