Kingswell is the place to get rich slow with a mix of stock market history, value investing principles, and tips on becoming a more intelligent investor.
Stock picking and short-term gyrations in price dominate so much of the Wall Street conversation — while the crucial foundation of a composed and rational mindset falls forgotten by the wayside.
Anyone can outsource the nitty-gritty of investing to index funds. Select an ETF that covers a wide swath of the market — like SPY or VOO for the S&P 500 — and dollar cost average your way to big bucks (over the course of several decades).
What you can’t outsource, though, is the patience and discipline needed to stay the course when storm clouds gather on the horizon.
Panicked, emotional trading has robbed investors of more money than all the bad stock tips in the world.
Don’t despair: this is actually good news.
Not every person is blessed with the intellect and analytical skills necessary for prescient stock picking. But everyone can embrace their inner sluggard — make regular contributions to an ETF and then sit on their hands while the magic of compound interest does its thing.
No genius required.
Just the proper mindset.
In a nutshell, that’s what Kingswell is all about. I think it’s incredibly important for investors of all stripes to immerse themselves in the stories and lessons of the past and present.
Historical examples of fortunes won and lost in the market, as well as careful scrutiny of how the greats (Warren Buffett, Charlie Munger, Peter Lynch, et al.) go about their business.
I’ll leave it to others to write highly-detailed, technical breakdowns of a particular company’s financials and future outlook. They’ll do it better than I ever could.
Here at Kingswell, my mission is simple — and lifted straight out of the preface to George Goodman’s The Money Game: “Enjoy the stories, they always teach more than the rules.”
Disclosure: Nothing on Kingswell should be considered financial advice. I am not a financial advisor. Do your own research before making any investment decisions.
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