“Just be patient and you won’t do worse than the market.” – Phil Town
As an investor, one of the most important things you need to consider when starting your practice is to figure out the best way to invest so that you can have financial freedom and pass on generational wealth.
On this episode of InvestED, Phil and Danielle answer a “Quick Questions with InvestED” left by a listener on how being in cash impacts your finances.
When you practice value investing, there are times that you will be invested in companies and other times when you will be in cash. What do the periods of time when you are in cash do to your overall return?
Having periods of time in cash can become normal when you practice Rule #1 investing strategy. Being patient and buying when you know something is reasonably on sale is the key to successful investing. Do this, and you won’t do worse than the market.
If you want to learn more about Rule #1 investment strategy, join us on the podcast today!
- InvestED: Ep. 241- Quick Questions: Bankruptcy
- InvestED: Ep. 240- Quick Questions: Is an “Event” Required?
- InvestED: Ep. 228- Quick Questions: Investing Vs. Speculating
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