What’s your Investing Story?
Amateurs invent, Professionals Copy (see Gerry’s IntelliCap #1), but when it comes to Investing, you have Choice.
Patterns are everywhere, in nature, and in the stock markets. They are natural.
Choice: $47 Steak or ___________? Watch the video, I don’t want to spoil it for you.
Individuals have two components to their decision-making process. There’s a rational component and an emotional component
How often do you hear the phrase “I hope …”. Keep in mind what comes next is not a strategy. This is also #66 in Gerry’s Intellectual Capital.
If your Anchor is stuck, the ‘asset’ may have significantly moved away from your Target Buying or Selling Price.
Celebrity investors tend to enter the market when everyone else is already there. They want to be part of the party.
Under duress, your Shadow Side emerges, and affects your normal Investor type (Fixer, Survivor or Protector).
I think you’ll need more given food inflation is perhaps 5% now. So your $1M TFSA might need to be $2M.