It has often been said that “the biggest risk of all is not taking one.”

Early in my investing life, I always tried to find the next Amazon, Netflix, or Microsoft. I found stocks that did well in the short term, chased momentum growth stocks, and invested in smaller companies thinking I was smarter than the rest of the market. If I had a process for investing in companies like I do today, my success would have been substantially greater.

I will be discussing 5 Rules for Successful Stock Investing.

Thanks for listening and please share and rate this episode.

Pre-order my new book "Momentous Decisions: 7 Steps to Better Health, More Wealth, and a Richer Life" at:

⁠⁠⁠⁠https://www.momentouswealthadvisors.com/book

Brian D Muller (AAMS©), Founder, Wealth Advisor

If you like to learn more about the Momentous P.R.U.D.E.N.T Process for picking quality companies go to:

https://www.momentouswealthadvisors.com/stock-investing

If you would like to schedule a discovery call go to: https://calendly.com/brian-d-muller/discovery-call

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Takeaways:

• I emphasize the paramount importance of conducting thorough research prior to making any investment decisions.
• Investing in quality stocks with strong fundamentals is more beneficial than chasing speculative story stocks.
• Diversification across various industries is essential to mitigate risks associated with market fluctuations.
• One should maintain realistic expectations regarding stock performance and understand the inherent volatility.
• Avoiding penny stocks is prudent due to their historically poor performance and high failure rates.
• Greed can lead to poor investment decisions; it is vital to take profits when appropriate.

Companies mentioned in this episode:

• Amazon
• Netflix
• Microsoft
• Warren Buffett
• GameStop
• Google Finance
• Yahoo Finance
• sec.gov
• investors Business Daily
• VectorVest
• Apple
• Momentous Wealth Advisors