With a meditation technique by Tony Robbins himself, we learn to be filled with gratitude no matter what challenges we may face and always be in a state of calmness.
#Best stock investment guide book how to
He teaches how to be better financially, but also emotionally, spiritually, and psychologically. Through interviews with over 50 successful people in the financial world, Tony Robbins shares with us how to thrive in the bear market and how to overcome the problem many investors face fear. He talks about how to diversify, how to avoid panic, when to buy, when to sell, what to invest in, etc. Whether you’re an employee, self-employed, or a business owner, you can take these steps. In Unshakeable, Tony Robbins outlines an entire step-by-step plan to become financially secure and free. History has proven with data that the S&P 500 returns 9.73% over the last 80 years, adjusted for inflation that comes out to around 7%. In summary, everyone would be better off buying and holding an S&P 500 index fund rather than jumping in and out of the market with individual stocks. Since the retail investor uses emotions when investing, they lower their average overall returns to around 2%. The biggest factors that affect investors' returns are expense ratios and taxes.
The biggest takeaway from the book is to stay away from individual stocks, don’t look for the needle in the haystack, and just buy the entire haystack.
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