When it comes to investing, there is one rule you should always follow, do not try to time the market. Remember, what’s most important is time in the market not trying to time the market. What that means is do not try to pick the highs or lows because it cannot be done successfully over the long run. See this great article over at White Coat Investor (an excellent website with vast amounts of investing knowledge).
“I do not know of anybody who has done it (market timing) successfully and consistently. I don’t even know anybody who knows anybody who has done it successfully and consistently.” — Jack Bogle
Happy Documentary (Netflix)
This documentary walks through the lives of people all over the world and seeks to understand what makes people happy. It is a feel good documentary with some usable advice on things you can do in your everyday life to introduce higher levels of happiness. I found it worth the watch – check it out if you have time. Here is a link to the trailer.
The Compound Effect
I’ve written about the power of the decisions we make and how we get stronger or weaker every single day. This book talks about the daily decisions we make and the compound effect those decisions have on our outcomes.
“No gimmicks. No Hyperbole. No Magic Bullet. The Compound Effect is based on the principle that decisions shape your destiny. Little, everyday decisions will either take you to the life you desire or to disaster by default. Darren Hardy, publisher of Success Magazine, presents The Compound Effect, a distillation of the fundamental principles that have guided the most phenomenal achievements in business, relationships, and beyond. This easy-to-use, step-by-step operating system allows you to multiply your success, chart your progress, and achieve any desire. If you’re serious about living an extraordinary life, use the power of The Compound Effect to create the success you want.”
Here is a link to purchase the book on Amazon. I’m currently listening to this book via audible.com.
Quote: “Wherever you go, be there.”