New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
How to Invest Like a Boss: What to Know About Goal-Based Investing
1. INVEST LIKE A BOSS
What to Know About Goal-Based Investing
#CreditChat
2. Join our #CreditChat every Wednesday at 3 p.m. ET. This week,
we talked with Dr. Daniel Crosby @incblot!
“ Check Out All the Tweets and Resources:
bit.ly/investment-boss
3. FEATURING
Dr. Daniel Crosby is a psychologist and behavioral finance
expert who helps organizations understand the intersection
of mind and markets. His clients include Brinker Capital,
Morgan Stanley, RS Funds, Grant Thornton and NASA.
Follow @incblot
8. Tweet by @katiebissell
Investing in a work 401(k) seems like a no brainer,
but it’s harder to take the next step to other types of investments.
#CreditChat
10. Tweet by @incblot
We need to think of saving/investing as a future benefit
rather than a current loss.
#CreditChat
11. Tweet by @incblot
First, you have to realize that you have a future self.
You won’t always be the young, healthy, working person you are today.
#CreditChat
12. Tweet by @GoBankingRates
Find your trust channels (writers, experts, friends or family),
learn and don’t be afraid.
#CreditChat
13. Tweet by @LeslieHTayneEsq
Instead of worrying about the risk,
acknowledge the positive gains that can come with investing.
#CreditChat
14. Tweet by @incblot
This “future self” can be hard to visualize,
but they have all the same wants that “today” you has.
#CreditChat
15. Tweet by @FinEdChat
Set retirement goals to plan for living life to the fullest ...
#CreditChat
16. Tweet by @incblot
Realize the time value of money - spending $1,000 today
means robbing yourself of many thousands later.
#CreditChat
18. Tweet by @incblot
Goal-based investing is tying investment behavior to deeply-held
personal goals. Not rocket science, but seldom done!
#CreditChat
20. Tweet by @LeslieHTayneEsq
Goal-based planning gives you an incentive to invest
such as paying for a child’s college, retirement, etc.
#CreditChat
21. Tweet by @incblot
Goal-based investors have been shown to save a great deal more and
are much better at staying the course in a choppy market.
#CreditChat
23. Tweet by @incblot
In every market, you control what matters most (your behavior)
#CreditChat
24. Tweet by @incblot
Look for these three things: Price (low P/E, cheap stocks),
Profit (quality co. w/ good margins) and Pitfalls (e.g. debt).
#CreditChat
INVESTING TIPS
28. Tweet by @incblot
It is just about impossible to reach financial goals without investing.
We all have to get savvy.
#CreditChat
29. Tweet by @incblot
Investing can be socially responsible
and can reflect what matters most to you
#CreditChat
30. Tweet by @incblot
The biggest thing I’ve learned is that investing is simple, but not easy.
Rules are straight forward - just hard not to panic.
#CreditChat
31. Tweet by @incblot
The biggest thing I’ve learned is that investing is simple, but not easy.
Rules are straight forward - just hard not to panic.
INVESTING
#CreditChat
32. #CreditChat
Is it ever too late to invest? Do you have
advice for those nearing retirement?
33. Tweet by @incblot
It’s never too late to invest,
but you need to adjust your approach as you age.
#CreditChat
34. Tweet by @incblot
If people would start early and be more aggressive,
retirement would be a “no-doubter” ...
INVESTING TIPS
#CreditChat
37. Tweet by @incblot
Realize the decisions you make to act or not act are at least
as important as decisions surrounding which stocks to choose.
INVESTING TIPS
#CreditChat
38. Tweet by @incblot
Buy inexpensive, highly profitable companies with low debt load
and sit on them for longer than you’d like.
INVESTING TIPS
#CreditChat
39. Tweet by @incblot
Learn to cultivate a contrarian mind. Learn to savor the panic/fear,
realizing that it’s a fantastic time for making money.
INVESTING TIPS
#CreditChat