4 ms·

Honestly the biggest assets you can have is 1) be willing to read a bunch of boring shit and make sense out of it. If you can read an sec filing and understand

Honestly the biggest assets you can have is 1) be willing to read a bunch of boring shit and make sense out of it. If you can read an sec filing and understand it and are willing to do so youre automatically in the top like 1% of retail. Most people are trading on social media tips and other bullshit like that. If you can figure out how to find and understand real no-bullshit information you're well on your way 2) having a small bank roll. Say under a few million. You now are able to take significant (significant as in, a significant portion of your net worth) positions in ultra small cap companies. Many Institutional traders cannot do this without legal implications they'd rather avoid and so you are competing with a much smaller pool of people, and those people are necessarily less advantaged (in terms of information and access to tools/resources) compared to you.

adabyron 4y ago
These are 2 tips that are not shared enough with people wanting to spend a lot of time investing. They're sage advice from many very successful investors who have beat the S&P500 consistently for many years until they could no longer do #2, which to me means you can just sit & retire on your large cap index funds & low risk. The only thing I would add, is the 3rd thing those people always say. It's easy to make money, it's just as easy to lose it. Make sure you're limiting your down side. Preserving wealth over long periods is critical.