A few common mistakes to avoid and some actionable tips to get you on your own investing path to get your investments set up in a smart way for whatever the future may bring. If you’re an everyday investor trying to sift through Reddit threads and YouTube tutorials, this is for you.
Betting on a hot stock isn’t worth it
The best way to make money is to invest in index funds and hold those investments over long periods of time.
- If you want to bet on individual stocks, the best advice is to do so with a very small part of your portfolio – and only with an amount of money you can afford to lose.
Mensah-Stock overcame a brutal draw to reach the final
She defeated Sara Dosho of Japan, the 2016 Olympic gold medalist and 2017 world champion.
- In her semifinal match, she faced another former world champion in Alla Cherkasova of Ukraine. After falling behind early, she recovered late to win 10-4.
- It’s the second medal for the US women in Tokyo, coming one day after five-time world champion Adeline Gray won silver in the 76-kilogram category.
Build a diverse portfolio
Diversify by owning different types of investments to spread out the risk
- Stocks over time have always offered the best return
- You need investments that can do well when stocks are doing poorly
- Aim for a mix of stocks, bonds, and real estate
Both athletes make history
Oborududu became the first Nigerian athlete to win an Olympic medal in wrestling.
- Mensah-Stock spoke about her desire to inspire Black girls to pursue wrestling and her family’s heritage in Ghana, where her father was from.
For more guidance, read David Swensen’s Unconventional Success
It’s the ultimate introduction to everyday investing from a world famous investor who set out to tell the rest of us how to do this right
- Jack Bogle’s book Common Sense On Mutual Funds is another classic.
Emotions hit hard with win
Mensah-Stock curled her hands into a heart-shaped gesture immediately after her win, smiling and bowing to the small crowd in the Makuhari Messe Hall outside Tokyo.
- She then hugged her coaches and grabbed a large U.S. flag, which she held high above her head.
Working with a financial adviser?
Make sure they’re fee-only
Rebalance your investments for stability and to maximize your return on your investments
There is no need to panic, even in times of big corrections in the market.
- With a diverse investment portfolio, you have an opportunity to make some extra money off of big swings in the markets by selling what has gone up in value and buying more of what’s gone down.
