Don’t you have the feeling of getting stuck between opinions and conflicting sources of information? Many investors confuse getting educated with spending hours analyzing data, metrics, opinions, and news.
Instead, use the Pareto Principle to avoid Analysis Paralysis. Here’s how!
You can access Mike’s portfolio building and managing philosophy in the DSR Recession-Proof Portfolio Workbook. Download it for free now!
You’ll Learn
- When exactly does analysis become a problem?
- What lies underneath the analysis addiction and how to avoid that.
- What’s the most important question to ask yourself when you want to define your investment strategy.
- How many sources is enough and which kinds to prefer?
- How to limit the impacts of market noise?
- How you can use the Pareto Principle to avoid getting stuck into the analysis.
Related Content
If you need to refine your investment strategy, you can go back to the basics with our How to Start Investing Series right below.
In line with today’s episode, we also previously discussed valuable information versus market noise. How do short-term events affect your portfolio? Should you read general market news, financial articles, analysts’ ratings, and quarterly earnings? Should an investor follow stock price fluctuation? What kind of impact do all these really have on your portfolio?
Market Noise or Valuable Information? + How to Review Your Portfolio for Summertime [Podcast]
Finally, during the episode, Mike referred to the confirmation bias. We did an entire episode on the most common Investment Biases that you can retrieve below.
How Mike Became a Dividend Growth Investor and Which Lessons Did He Learn [Podcast]
You can access Mike’s portfolio building and managing philosophy in the DSR Recession-Proof Portfolio Workbook. Download it for free now!
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This podcast episode has been provided by Dividend Stocks Rock.
Very interesting concept. I always abandoned analyzing techniques. I think initial conviction is a key to get involved with a company.
Plus, analysis always changes and so confusing. They are also based on prediction of financial “Gurus” which are like weather prediction.
However, I follow the news for companies. I barely ever have a sell strategy unless something really dramatic happens to a company.