“Rule #1 Tradition is a tradition of investors who focus deeply on not losing money. That focus means they are after wonderful businesses that will be around for a long time.” – Phil Town
It is possible as an investor to get high returns without high risk? That’s the basis of Rule #1 Investing. In this week’s episode, Phil and Danielle explain the difference between being an investor and being a speculator as well as how important it is to really understand what you own.
To invest in a company in the long-term, it’s important to stay committed and hang in there when the companies you invest in are going through bumps. Think about long-term investments as you would a long term relationship. The whole point is to create a portfolio you are very comfortable with and connected to.
Have a question? In this episode, Phil and Danielle try something new that they call, “Quick Questions with InvestED” and answer their first listener question on the podcast.
If you have a question you’d like to have Phil and Danielle answer in a future podcast, submit your question here.
Phil and Danielle also discuss what’s happening in Europe and consider why so many knowledgeable people are putting their money into negative interest rates.
If you want to learn more about these relevant investing topics and more, join us on the podcast today!
• Quick Questions with InvestED
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