Free Stock Market Course Part 24: Time

2 years ago
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Chapters:
00:00 Time
02:06 Time to Learn
04:30 Time Horizon
06:32 Defining a Time Horizon
08:05 A Dangerous Mistake
11:39 Be Prepared
Module 4 Section 3
Time
A discussion of Time should be viewed in different contexts:
1. Time to learn, develop, and implement a strategy.
Three excuses:
1. No money
2. No knowledge
3. No time
2. Time as a horizon for selecting an investment strategy.
Three time frames
1. Short
2. Intermediate
3. Long
Time To Learn
The excuse heard most often about not investing in the US Stock Market is a lack of time.
The truth is that people ALWAYS find time to do what is most important to them.
Time Horizon
Different Investors have different Time Horizons.
Different strategies are implemented depending on things such as:
Age
Financial goals
How much risk is willing to be assumed.
The SPX Investing Program defines time as follows:
Short-term: Days to Weeks.
Intermediate-term: Weeks to Months.
Long-term: Months to Years.
Defining a Time Horizon
Each Investor must determine which time horizon is best.
It is common for Investors to implement a variety of different strategies based on a variety of different time frames.
This allows for short-term gains to be achieved as well as maintaining a longer-term focused portfolio.
A Dangerous Mistake
One of the biggest mistakes an investor can make is to think the way things are at any given moment is the way things are going to remain.
In other words, making a long-term decision based on short-term conditions.
It is best to develop a plan and stick to it no matter what is happening at any given moment.
Be Prepared
When implementing a plan, there are only three things the SPX, or any investment, can do:
1. Go Up
2. Go Down
3. Go Sideways
A successful investor must be prepared for all three at the same time and have a plan in place for each.
The SPX Investing Program will help you to see all three scenarios at the same time.

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