💡TCD #3: How To Become a Better Investor by Watching Your Thoughts
And why successful investing takes time, discipline and patience.
Hello fellow knowledge compounders,
Welcome to issue #3 of The Compounding Dad newsletter.
Last week, I had the opportunity to share my investing and personal finance insights with a group of teachers at a secondary school. Thanks to one of my subscribers for inviting me to be the trainer.
Loads of questions were asked about how to start investing, what to do with a losing investment, and whether now is a good time to invest. Sharing my knowledge to help others level up is something I love doing. That’s also the reason why this website and newsletter exist.
The Compounding Dad newsletter is focused on investing to help you compound your knowledge. Delivered every Saturday, this newsletter will have simple-to-understand and actionable content so you can cut through the noise and make smart investment decisions for yourself and your loved ones.
Each week, we will explore:
Our latest investing articles
A tip to compound your personal growth
Something fun
Since it’s Mental Health Awareness Month, we look at the topic of mindfulness and how it can help you be a better investor.
The Compounding Dad Investing Articles
Peeling the Emotions: How Mindfulness Helps You in Investing
Eckhart Tolle, author of the best-selling book “The Power of Now”, once said:
“Be the silent watcher of your thoughts and behaviour. You are beneath the thinker. You are the stillness beneath the mental noise.”
By practising what’s said in the powerful quote, you can better navigate life’s challenges, including being zen when market volatility strikes.
You see, having emotional stability is extremely important as an investor. Benjamin Graham, Warren Buffett’s mentor, mentioned that "the investor's chief problem-- even his worst enemy-- is likely to be himself".
So how do we keep our emotions in check when it comes to investing? One tool that has helped me is mindfulness. Check out how you can be a better investor as well through this technique.
Here are other investing articles from The Compounding Dad that might interest you:
1 Tip To Become 1% Better than Yesterday: The Four Agreements
Another book that I would highly recommend people to read is “The Four Agreements: A Practical Guide to Personal Freedom" by Don Miguel Ruiz.
It offers a simple yet powerful path to transforming your life. Based on ancient Toltec wisdom, the book proposes four key agreements to create a life filled with joy and authenticity.
Here's a summary of The Four Agreements:
Be Impeccable With Your Word: Speak with truth and kindness. Don’t use the word to spread negativity.
Don't Take Anything Personally: Nothing others do is because of you. It's about them, not a reflection of your worth.
Don't Make Assumptions: Clarify, clarify, clarify. Open communication is key to avoiding misunderstandings and hurt feelings.
Always Do Your Best: This isn't about perfection, but giving your best effort in every moment, regardless of the circumstances.
What is one agreement that resonates with you? Focus on implementing it now and notice the instant benefit that it might bring.
Dad Joke of the Week
Q: Why did the stockbroker go to therapy?
A: He was convinced the market was rigged against him because every time he bought a stock, the price fell.