Summary

The author emphasizes the importance of investing in companies they personally believe in and offers insights into their stock selection process, highlighting the benefits of long-term, informed investing.

Abstract

The article discusses the author's personal journey in investing, transitioning from random stock picks to carefully selected companies they truly believe in. The author advises new investors to take charge of their investments by conducting thorough research and choosing stocks based on personal conviction and confidence in the company's future success. The method involves investing in companies that one interacts with or has faith in, particularly within the tech industry, which the author sees as having boundless growth potential. The article suggests a mindset of detachment from the money invested to avoid emotional decision-making and encourages long-term investment strategies for exponential growth, rather than trying to time the market for short-term gains. The author stresses the importance of self-reliance in investment decisions to avoid the pitfalls of following others' advice and to take full responsibility for one's own financial outcomes.

Opinions

Investing should be a personalized experience, with money placed in companies the investor genuinely supports and uses.
Tech stocks are favored due to their perceived infinite room for growth, given the increasing technological advancement and dependency in the world.
New investors should consider their investments as already lost to prevent emotional attachments and promote logical decision-making.
Timing the market is challenging and not advisable for long-term investors; it's more important to focus on what to buy rather than when.
Self-directed research and decision-making are crucial for successful investing, allowing investors to own their successes and failures without playing the "blame game."
Each investor should find their own niche or "game" in the market, investing in areas they are knowledgeable about, such as automobiles for a car enthusiast.
Long-term investing in stocks one believes in is more rewarding and sustainable compared to seeking instant gratification from short-term market fluctuations.

The Reason I Only Invest Money into Companies I Truly Believe In

How to take charge of your own investing journey and make the experience personal and profitable.

If you’re fairly new to investing, you may feel lost and curious about which companies to invest your hard-earned money in.

In the beginning, for me, I put my money into companies I didn’t believe in, such as CLM or the various amounts of penny stocks available in the market. Nowadays, I look at investing as a much more serious game where my money can grow drastically or I could lose it all with bogus companies.

Losing money on an investment with a company some random person recommended you will leave you kicking yourself. It’s happened to me before. I lost $1,000 because I took someone’s advice on investing in a company that really wasn’t worth it.

When you take your stock pickings into your own hands, you take control of your money, and your investing experience becomes much more personalized.

My Method for Selecting Stocks

Choosing your own stocks makes investing personalized and a much more enjoyable experience when you see your profits.

When you see something within a company you chose that might trigger a downhill, you can always move funds and manage your portfolio. That’s pretty cool!

Ever since the pandemic I’ve acquired a great number of shares in companies I firmly believe in such as:

Apple
Tesla
Boeing
NVIDIA
Facebook
Square
Paypal

Those are some of my favorite stocks that I love to continue buying because they make me happy to know that I have a stake within those companies should they grow in value.

I believe that many tech stocks have an infinite amount of room for growth because the world is full of tech, and the more and more advanced the world becomes, the more dependent we’re all going to be on it.

Now I’m not saying that you need to dump your money into tech stocks, but you should choose companies that you shop with, support, and are confident in succeeding in the future.

The advice I give any new investor within my company’s stock trading community is to invest as though you’ve already lost all your money. Put it in and think, poof it’s gone. Weird right? No actually.

If you think this way, then you’re not going to get too attached to the money you’re putting in and you’re going to make more logical than emotional decisions.

Stocks Jump in Price All The Time

There’s never really a perfect time to start investing besides when you’re younger because you have time on your hands.

Time is the ultimate catalyst for your investments to grow overtime exponentially. We’re talking 1,000–2,000% returns when you cash out 10+ years down the line.

While stocks jump in price and value over time, there isn’t a “perfect” time to invest since you’re going to be in for the long-term.

Now, if you want short-term gains, then choosing your stocks doesn’t particularly matter, especially if you’re a day trader.

Trying to time the market is something very few people can do for the long-term unless you buy in heavily at a huge dip as we had in March of 2020. So don’t focus as much on when to buy compared to what to buy,

The Blame Game is Toxic

Taking other people’s advice on what to invest in isn’t always going to work out in your favor. That’s just factual. So when you do your own research using Yahoo Finance, reading news updates from CNBC, etc., you set yourself up for the best possible outcome.

And the best part is that you made the decision yourself.

Being an investor who makes his or her own choices is the best way to go about it because you don’t want to blame other people for your downfalls or your successes. It’s better to stick to what you firmly believe in because everyone is an expert in something.

If you’re big into cars and know when automobile stocks are going to rise, you can make some nice money versus trying to get into tech stocks when you barely even touch technology.

You have to find your own game and stick to it. That’s how you win in the markets.

The Takeaway

Investing can be a lot of fun and put you in charge of your money and how it grows. Greed can take over and end poorly, so just make sure that whatever you invest your money into is worth it to you.

You won’t always win, but when you do, the feeling is going to be amazing.

Long-term investing in stocks that you believe in is going to take you further than many of the instant gratification investors we’re seeing more and more in the markets these days.

Keep your head down, do your research, pick the companies you believe in, and everything will turn out alright!