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20 - Keystone Habits of Investing

The DIY Investing Podcast

Release Date: 03/31/2019

116 - Learning from mistakes you narrowly avoid $MCLDF show art 116 - Learning from mistakes you narrowly avoid $MCLDF

The DIY Investing Podcast

Mental Models discussed in this podcast: Confirmation Bias Skin in the Game Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Follow me on Twitter and YouTube Twitter Handle:  YouTube Channel:  Support the Podcast on Patreon This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at . Show...

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This podcast was inspired by the book "The Power of Habit" by Charles Duhigg. You can support the podcast by purchasing the book through one of my affiliate links:

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Keystone Habits of Investing

With investing there are both habits that you should consider adopting and habits that you should avoid. 

Positive Keystone Habits of Investing you should adopt

  1. Read one 10k every week.
  2. Always write out an investment thesis BEFORE purchasing shares of stock in any company. 
    1. [Patron Only Benefit] - Read the Buy Thesis that I have written for the stocks that I buy

Negative Keystone Habits of Investing you should avoid

  1. Checking stock prices every day
    1. Once a week is the most frequently you need to check your stock prices.
    2. Ideally, target once a month.
    3. Use price alerts for stocks you're interested in buying. That way you will be alerted if they hit your buy price. Otherwise, don't spend any time worrying about stock prices. 

Support the Podcast on Patreon

This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at DIYInvesting.org/Patron.

You can find out more information by listening to episode 11 of this podcast.

Show Notes are available at DIYInvesting.org

The full show notes for this episode, including my outline for today's podcast, are available at https://www.diyinvesting.org/Episode20

Please review and rate the podcast

If you enjoyed this podcast and found it helpful, please consider leaving me a review. Your feedback helps me to improve the podcast and also grow the show's audience.