Have you ever made your groceries without a list? You probably ended up throwing food in the bin a couple of days later... You're doing the same mistake if you invest without a buy list! Having a buy list is crucial. Here is how to create the best one using must-have metrics and the tools to assess the future of a company. You'll Learn How having a buy list can prevent you from making costly investment mistakes. Do a watchlist and a buy list have the same goal? Can you use both? …
Analysis Paralysis or The Pareto Principle? [Podcast]
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 …
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How to Set the Right Benchmark [Podcast]
When investing, what do you compare your results with? Why is it even important to do so? Today, we'll discuss benchmarks, and most importantly, how to set the right one for your goals! You'll Learn The pros and cons of having a benchmark. How using a benchmark helps you understand your investment strategy better. What should you do if you don't beat your benchmark? Is it possible to invest without comparing your results? Which benchmark to choose? Should you combine your US …
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How to Start Investing – Easy Steps to Grow A Solid Portfolio [Podcast Series]
Buying the first stock is fun, but then what? How to save more money? How to select new positions? Throughout the entire process, you must also keep an eye on the forest, not just focus on the tree. Here are the easy steps to grow a solid portfolio! This episode is part III of a three-part series. Listen to 4 Strategies that Work here and to Select the Right Brokerage Account here. You'll Learn How to save money for investing in an efficient way. The pros and cons of using …
Stock Forecasters Are The Worst – September Income Report
In September of 2017, I received slightly over $100K from my former employer which represented the commuted value of my pension plan. I decided to invest 100% of this money in dividend growth stocks. Each month, I publish my results on those investments. I don’t do this to brag. I do this to show my readers that it is possible to build a lasting portfolio during all sorts of market conditions. The market will inevitably go down, as it did last year. But I continued to enjoy cashing consistent …
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How to Start Investing – Select the Right Brokerage Account [Podcast Series]
How can you start investing if you don't even know which account or service you need!? What should you look for? Let's discuss the different types of investing platforms and accounts, how to use them, and which ones are the best for you! But first, Mike shares his favorite resources and books to gain the confidence needed to start investing. This episode is part II of a three-part series. You can listen to the previous one here. You'll Learn How to gain the confidence needed to start …
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