the #1 investing mindset (revealed)
What’s up Profit Zone gang!
Just want to give a warm welcome to the +42 subscribers that joined this week. My name is Alex and I love creating new streams of passive income. I’m an avid dividend investor and I’m excited to share everything I know with you.
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Today’s issue will be covering the #1 investing mindset. Let’s face it. When it comes to investing, nobody ever teaches you how to think. People are quick to tell you what to buy, when to buy, how much to buy, when to sell, when not to sell. But they never tell you how to think about investing.
Lucky for you, I’m here to help you develop that killer investing mindset so you can ignore the noise and start building some serious wealth.
This has been a mindset I’ve developed over the last 3 years. I didn’t always have it. I used to be one of those people who wanted to get rich quickly. I experimented with options, I tried trading penny stocks, I even tried FOREX (don’t recommend). I tried every “get rich quick” scheme until I finally realized that these were “go broke fast” schemes.
That’s when I decided to focus on quality over quantity. Instead of buying 500 shares of a terrible company with a flawed business model, I started buying 5 shares of great companies with flawless business models. That minor difference has grown my account exponentially.
Here’s the thing about investing…
It’s a long-term game. A marathon, not a sprint. You’re in it for the long haul. If you're constantly buying and selling stocks, you’re either trading or gambling, not investing.
So what’s the # 1 investing mindset? Mine.
Whenever someone asks me what stocks to buy I give them the same answer.
“Look around you”
Ask yourself the following questions:
What products are other people using every day?
What products are you using every day?
What can’t people live without?
What products make your life easier?
What does every household buy every time they go to the grocery store?
If you can identify which companies create the products that never go out of demand, you can be almost sure you’ll never lose your entire investment. In fact, the opposite will probably happen, your investment will grow in value over time as people continue to buy their products.
Don’t know where to look? Think about everyday products
Toilet paper. Toothpaste. Tape. Deodorant. Shampoo. Detergent. Electrical wire. Soda. Water. Kitchen appliances. Tools.
The list goes on and on.
Figure out who makes these products and buy shares in those companies.
Elon Musk can make all the self-driving electric vehicles he wants, but you’ll still need to wipe your ass with something after taking a crap. So who owns Charmin Ultra Soft Toilet Paper?
Procter & Gamble does.
See, investing is a thinking man’s game. The ones that can think logically are usually the ones who make the most money. You don’t need a crazy high IQ to make money in the stock market. Just some common sense and the ability to see behavioral trends.
When you adopt this killer investing mindset, you become unstoppable.
Try it for 6 months and see if you ever go back.
Dividend Dominator’s Play: buy quality companies that make everyday products
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