Just Your Story (JYS)
What’s your Investing Story?
Super Portfolio Star
Amateurs invent, Professionals Copy (see Gerry’s IntelliCap #1), but when it comes to Investing, you have Choice.
I see Patterns
Patterns are everywhere, in nature, and in the stock markets. They are natural.
How do you sell a $47 Steak?
Choice: $47 Steak or ___________? Watch the video, I don’t want to spoil it for you.
This is your brain. This is your brain on money
Individuals have two components to their decision-making process. There’s a rational component and an emotional component
Hope is Not a Strategy
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.
Anchoring Reprise: Prix Fixe for your Home?
If your Anchor is stuck, the ‘asset’ may have significantly moved away from your Target Buying or Selling Price.
Are you a Celebrity Investor?
Celebrity investors tend to enter the market when everyone else is already there. They want to be part of the party.
Investor types: Fixer, Survivor or Protector
Under duress, your Shadow Side emerges, and affects your normal Investor type (Fixer, Survivor or Protector).
Rob Carrick says $1M. Gerry says $2M. I think I’m right.
I think you’ll need more given food inflation is perhaps 5% now. So your $1M TFSA might need to be $2M.
