The Seven Stages of Investing
The Seven Stages of Investing. Written on August 23, 2018. Investing has seven stages: hearing about it, knowing it, understanding it, believing it, executing it, enduring it, and finally reaching conviction.
The Seven Stages of Investing. Written on August 23, 2018
Investing has seven stages:
Hearing about it:
Like most people, you hear that everyone is investing, and you hear that we are teaching investing and spreading correct investment information.
Knowing it:
When you see our Facebook and YouTube, or come to CLEC classes, that counts as learning and knowing about investing.
Understanding it:
You need to read on your own and understand the true essence of investing yourself. Our Facebook, YouTube, and classes only help you understand the truth of investing faster.
Believing it:
In the end, only after you understand and realize the essence of investing for yourself will you finally believe what truly allows you to succeed in investing.
Executing it:
More important is believing in and executing the only successful investment method: what we call buying the index and never selling. If you do not execute immediately, everything before this is as good as wasted. Execution means being able to buy index funds immediately without any fear.
Enduring it:
Although most people initially believe in buying the index and never selling, they still become very nervous when the market falls. This is the stage of endurance.
Conviction:
The final stage of investing is to reach the level of conviction: to believe completely, to entrust all your belief to heaven. Buy the index, and heaven will complete the next task.
Only those who reach conviction can be considered to have reached the highest stage of investing. They are no longer troubled by market fluctuations and have completely transcended into a natural state.
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