Wednesday, January 2nd, 2013
- I will live below my means — spending less than I earn
- I will save money into a rainy-day fund so I’m ready for what life might bring
- I will invest money I don’t need for at least 5-10 years to build my nest egg
- I will regularly add to my investment account
- I will learn more about investing, taking control of my financial future
- I will invest in quality businesses, buying a slice of the company, not just a code on a screen
- I will buy shares in a company with the intention of holding them for the long term
- I will sell when my investment thesis fails, the company is overvalued or I have a better idea
- I will avoid anchoring my decisions to the price I paid for my shares
- I will remember than the market can be moody and over-react
- I will expect volatility, and I won’t let it spook me into selling
- I will let the market offer me prices (be my servant), not dictate my mood or actions (be my master)
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