Unlock Your Guide: The 10 Off-the-Beaten-Path Resources for Winning Investing
Here are the first three resources to get you started ...
Without an email list to launch to (we literally started from scratch), we were unsure of what to expect back on February 26 when we hit the “publish” button for the inaugural issue of Investing Daily Dose (IDD).
Unsure … but excited.
But we’ve picked up readers … followers … subscribers – and even a couple of new friends.
And just a bit more than a month later we see that IDD is getting read across four countries.
We’ve learned some things. We’re making refinements. And we’re having fun.
In short, we’re grateful to all of you.
But since we publish each day the market is open, we know you may not get to read everything we do. And we don’t want you to miss any of the best opportunities or insights we bring your way.
So we’re using today’s issue to share one of our best benefits – a piece of work we’re pretty proud of.
We have a referral program – a three-tiered setup that “unlocks” a free research report each time someone you share our work with subscribes to IDD.
The first “reward” in the referral program is 10 Off-the-Beaten-Path Resources for Winning Investing.
Today, we wanted to give you a taste of what we’re talking about, sharing several of those resources from that report.
10 Off-the-Beaten-Path Resources for Winning Investing
Everyone wants to be a “winner.” And we all define “winning” in different ways. But here at IDD, our team likes to keep things simple.
Winning investing is about more than “percentage gains” or “dividend yields” or “total return.”
It’s about feeling secure. Enjoying your life. Taking care of the people who matter to you. Fulfilling that “bucket list.”
It’s about achieving your goals and (being sincere, not corny) achieving the dreams every one of us has.
But to win, you have to learn …
About yourself.
About “The Crowd” — and how predictable human emotion moves individual stocks … and markets as a whole.
You do this – winning and succeeding – by learning.
Learning about yourself.
Learning about the crucial role human emotion plays with stocks … other financial assets … and the markets as a whole.
And learning about the winning moves to make and the losing pitfalls to avoid.
For books and videos, when you Google “best investing books” or best “investing movies,” there’s a list of usual suspects that come up, like the Intelligent Investor for books and The Big Short for movies.
Those are both excellent (they’re team favorites) and deserve a read and a watch, respectively. But we also curated a “resource guide”… a roster of books and movies that aren’t as well known or aren’t as widely associated with becoming a better investor (but should be).
But we’re not just handing you a “10 Things” list … and expecting you to take it from there.
We’re also giving you the critical context for each - so you’ll see how each of these resources can help you become one of those rare “winning investors” … and making those dreams come true.
No. 1: The Rush: America’s Fevered Quest for Fortune, 1848-1855
Why It’ll Help
Mark Twain (perhaps apocryphally) is credited with saying “history doesn’t repeat itself … but it often rhymes.” Whether Twain said that or not really doesn’t matter – the wisdom is just too good to ignore.
Besides, as we’ve all seen throughout history (and in the markets) that the more things change, the more they stay the same. With the California Gold Rush, lots of folks abandoned their soul-sucking daily routines – in pursuit of adventure and wealth.
Here we are more than 150 years later, and folks are still looking for shortcuts… still chasing the “hot thing” … still willingly joining manias … still hoping for that “lucky strike” that will let them escape their daily drudgery.
We get it. Too many folks are falling behind … with their goals … with their savings … with their bills. That search for a “quick fix” leaves them vulnerable … and this book helps explain why.
If you understand these emotional “triggers” – and how the masses succumb to these manias – you and your money will stay on the right path. And by seeing who really got rich during the gold rush (Hint: Look at the pick and shovel on the front of the book), you’ll better shape your stock-picking decisions and will avoid the wealth-killing moves that manias tend to foster.
No. 2: Against the Gods: The Remarkable Story of Risk
Why It’ll Help
Be honest: When you hear the term "risk," isn’t your first reaction a negative one? For most folks, “risk” is synonymous with losing money or a stock-market crash. It’s associated with “bet it all on red” roulette, “doubling down” in blackjack, and speculating with options or trading on margin. That’s still another example of folks “filling in the lines” – since “risk,” on its face, isn’t a bad thing.
It’s a way of looking at a particular situation – an investment, a job change, a construction project, a corporate expansion – and assessing the probability of a win vs a loss … understanding the upside and the consequences — and then deciding if the move makes sense.
Against the Gods: The Remarkable Story of Risk walks us through the history of risk, and shows us how people perceived it throughout the ages.
It’s a historical tour that can help you get a better handle on how you feel about risk. Because, as we all know, some risks are worth taking.
Indeed, as another of those great adages tells us: “Nothing ventured, nothing gained.”
No. 3: Think and Grow Rich
Why It’ll Help
Wouldn’t it be great if creating a mental image of a Ferrari is all that was needed to walk out the front door and find one (in red) in your driveway?
As we all know, it’s not that simple. Even so, there’s a tremendous power in pairing a positive mental focus with the specific goals and the energy needed to create a successful “reality” for ourselves.
In other words, if you believe you can become a successful investor, you’re probably right.
Conversely, if you believe you’ll fail as an investor, you probably will.
First published in 1937, author Napoleon Hill draws upon the wisdom of Andrew Carnegie, Henry Ford, Thomas Edison … and more – all to answer the question: “What makes a winner?”
From this Hill weaves a “Law of Success” mindset that will help you achieve what you want through affirmation, visualization and goal setting.
To see the seven other resources, all you have to do is refer one subscriber to Investing Daily Dose.
Once again, we want to thank everyone who has read, followed, subscribed, liked and shared our work thus far – it truly means a lot.
-The Investing Daily Dose Team