In early 2018, I fell in love. Every morning, the first thing I’d do was to check my phone. I spent a large part of the day thinking about the object of my affections, and I experienced a feeling of ridiculous happiness when things started to go well.
I’m talking, of course, about microinvesting.
Microinvesting is a fantastic way to build wealth and learn the stock market with little financial risk. It allows you to invest on your terms and literally invest your spare change into big companies. In time, those pennies add up.
Few things excited me as much as watching my earnings climb, climb, climb as the Dow did. Of course, I and the whole community of Stashers I joined on Facebook were sorely disappointed when the market plunged in late 2018. And yet, I’d learned three valuable lessons.
- As Warren Buffet says, “Our favorite holding period is forever.” He means to not sell the moment a stock plunges, and to not invest in companies you’re not comfortable with. Like many newbie investors, I got emotional at times, but I never sold, until a major life change required me to do so in order to obtain the cash. I made a small profit, but still, I cried at having to let go of my portfolio.
- I learned to not put all my eggs in one basket. Whenever I had a lump sum of money, I was tempted to…
