Рет қаралды 12
Using the principle of the 3 D’s (Discipline, Diversification, Dollar Cost Averaging) financial goal can be achieved more easily.
Stories reinforce knowledge and are arguably one of the best methods for sharing information.
The story of the Clock (market cycle) reinforces the need for discipline.
Time is not friendly to us when we use broken stools or broken clocks.
The clock tells us the tale of emotional investing versus discipline, dollar-cost averaging. The clock (the market cycle) story reminds us of how the market and our emotions work when it comes to investing. Imagine a clock. 12 is an economic boom, 3 is a slow-down, 6 is the R word (recession) and 9 is recovery or improvement.
Strategy helps reduce or limit a common trend; most people when left to their own buy at 11 and sell at 4. Thats anti-investing, buying high and selling low. Time In, not Timing.
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