Investing fun, interesting and slow as a lifelong journey that delivers years of satisfying and substantial results. Great investments grow, pay and deliver rewarding results over many years on less than an hour a day to research and monitor your portfolio.
How is investing fun?
Choices To Make Money Work course 215 lesson 9, answers the question, how is investing fun? At the end of the lesson, links to related content help you learn more.
What you learn:
Investing can be an interesting and fun way to grow money and build your future. Successful investors take the years long view while making investing a part of their daily routine with a lifetime of payoffs! The lesson introduces the idea of making lifetime investing part of your routine that offers to pay off over your lifetime.
You can work for money or it works for you!
Investing can be complex and takes time and effort to understand and master. Anyone that enjoys an intellectual challenge will love the high level brain activity of investing that comes from gaining the knowledge, attitudes and thinking of superior investors.
As an older guy I continue to benefit from the continual learning that investing provides. That stimulation is good for any brain.
Investing excitement and entertainment
Few people think of investing for excitement or entertainment. But it certainly can get very interesting and stimulating.
Investors set goals and meet deadlines!
Investors know:
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Investing can open the way to your early retirement!
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Investors build pathways to early retirement and financial security.
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You can make the choice of becoming a winning investor!
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Investing rewards include profit, fun and satisfaction.
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Winning is fun and investing winners grow into bigger winners.
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Investors own bits of winning companies and parts of the economy.
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Your investment and research efforts can follow any interest including, arts, entertainment, fashion, food, fun, media, medical, health, finance, technology, science, chemistry, environment and endlessly on.
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Investing and investments can get social by meeting like minded people to talk money, business and markets or go online to join and enjoy the vast online community of interested and interesting people that discuss money, investing, stock markets and personal finance.
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Investing changes consumption of money into future building!
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Investing is a very human full contact game of life played for real money that can build you a financially free future.
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As investing gains grow, superior investors grow in gratitude.
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Investing uses and exposes you to very interesting technology.
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Investing milestones can be life changing markers for you.
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Years of modest continual contributions can turn into millions!
Investors know:
- Investing can be fun, intriguing, challenging and produce the satisfaction of excellent returns while growing in value.
- Investing skills can be learned step by step.
- Controlled risk stocks outperform investment alternatives.
- Compound return magic and how to avoid the value erosion of inflation
- Investing provides a never ending education that pays!
- You must find a way to make money work or keep working!
- Investors buy companies.
- No bottom line means no investing…that is speculating!
- Investors always know the answer to two questions:
- Why are you investing?
- Why are you investing in this company?
Investing fun, interesting & slow
Anyone offering you an easy set and forget approach gets very well paid to have fun with your money! That approach can work and be legitimate, although there are many cons, scams and self-serving advisors out there. Too often, set and forget loses money and opportunity. Deciding to learn investing yourself will put considerably more returns in your own pocket. I learned it and so can you. It is very doable, profitable fun.
Make investing profitable daily fun
Learning to invest can be fun and interesting but not fast. Reviewing a portfolio of 5 to 30 stocks can take some time. But you can do it anywhere. An hour a day to invest covers the needs of most portfolios. Start by putting an hour a day to good and interesting use by learning to select and manage your portfolio well.
Start learning from where you are
Our one screen, digital world lets you do it when and where it works for you. So sit in a tree or at your desk and just start. Just enjoy the process and start by beginning to learn about the companies you own. After all you own them because they are making your wealth grow.
Start by learning to know where you are financially. Then you can decide if there is a better place or investment for you.
An hour a day to invest is ample time to learn and actively manage most investments. It means your choice of strategy does not include making investments that need close or constant monitoring. That leaves many 10’s of thousands of choices!
Learn investing step by step
Learn one company at a time. As suggested before, using Google to find the website of each investment is a good first step. Once at the website, read about the company. Look for an investor tab, link or area. Review the most recent investor presentation.
If available, listen to any news conference or webinar covering the last quarter. Often corporate websites have recordings of quarterly report presentations. Quarterly report conferences follow a regular pattern. This can be like eavesdropping on the people who are making you money!
Investor presentations and quarterly calls
Conference calls have a regular pattern. First the Chief Financial Officer (CFO) presents the just released financial numbers. The numbers form the core of the quarterly and annual reports. They are usually released the day or sometimes mere hours before. Sometimes the financial report release can happen just as the scheduled conference begins.
No matter, after experiences a few calls you will understand the pattern.
As we can already have the numbers in front of us this first 15 or so minutes of CFO presentation is like listening to someone read their homework! You can imagine the drama; accountants reading numbers!
Snore…eavesdropping boredom!
CEOs have the good stuff
Conference calls soon gets far more interesting. Following the CFO, the Chief Executive Officer (CEO) reports on the past quarter. That’s the boss who normally touches on all the positive highlights in a 10 to 20 minute presentation.
Typically we get a fact filled presentation and importantly some feeling for the person who leads our company. Frequently we get a clear idea of where the company direction and any challenges they face.
Questions?
The best part for investors
Finally the presentation gets to the best part, questions and answers. Q & A takes the rest of the hour, which is the length of a typical quarterly conference call.
In large companies, only analysts ask questions. Analysts are professional employees of brokerage houses that often have a financing business relationship with the reporting company. Analysts tracking a company are well-informed about it, the industry and economy. Their typical questions are well prepared, sharp and right on target.
If there are issues, the analysts will be poking into such matters.
Seldom are any significant issues overlooked. Analysts seek clarification and challenge should there be any sign of significant or material changes. At times discussions get very involved and revealing. Routinely they interesting to people who enjoy business or making money.
In smaller firms or those without any or many analysts covering them, an individual investor can ask questions. Even when you can not ask questions, listening to quarterly report conferences is like sitting in on a friendly and informative meeting. You will enjoy it.
Persist doing your homework
Your homework assignment: look at your portfolio and start the process of learning about each holding. At an hour a day, that will take you a week or month depending on the number of your holdings.
Investing more time will significantly improve your returns. Do keep in mind, for the best results consistently follow the quarterly reports. To enjoy your research, set an easy comfortable pace.
Just commit a routine, comfortable amount of time to doing it. Then do it. Investors that put in more time and effort produce better returns. But an hour a day is enough time to do it well. Just do it regularly.
But don’t overdo it in an enthusiastic fit! If it becomes a chore you will not keep it up or be willing to pay attention when you should.
Take time or get an advisor
Give your wealth and future security the time or give the task to an advisor. The outcome will be different buy at least you will get something. If you are not going to regularly spend a small amount of the time learning about and managing your investments, do not manage your own account. Use a professional adviser.
Even if you do spend the time and learn, make sure you will do the work in a timely fashion before you ever consider doing it for yourself. Be ready to make decisions and to act when the need happens. Otherwise do not consider doing it yourself.
The more time you invest, the better you will do. However, depending on your interest and skill, it may take much more time. Anyone willing to put in more time and effort can significantly increase their overall returns.
How is investing fun? Answered!
The lesson introduces the idea of making lifetime investing a fun and interesting part of your routine. Learning to make investing part of your routine can pay off over your the lifetime.
Lesson takeaways,
Investing fun, interesting and slow
Investing fun, interesting and slow as a lifelong journey that delivers years of satisfying and substantial results. Great investments grow, pay and deliver rewarding results over many years on less than an hour a day to research and monitor your portfolio.
- Make investing profitable fun.
- Start your investing journey from where you are.
- Learn investing one step at time, one day at a time.
- Access investor presentations and quarterly calls.
- Asking companies questions.
- Homework pays off for investors.
- Take time to grow your wealth or give it to an advisor.
- Make investing part of your lifetime journey.
Other lessons related to:
Investing fun, interesting and slow
Pyramid portfolio wealth building
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Choices To Make Money Work:
Key investing success choices Lesson 215.01
Join exceptional wealth builders Lesson 215.02
Investing time or adviser time? Lesson 215.03
Small investors have advantages Lesson 215.04
4 Successful investor traits Lesson 215.05
Avoid 6 investing sins Lesson 215.06
Investment impatience destroys wealth Lesson 215.07
3 Yeses or no investment Lesson 215.08
Investing can be fun, interesting and slow Lesson 215.09
Warren Buffett explains gold Lesson 215.10
Next course 215 lesson 10:
Warren Buffett explains gold
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