So here we are about to start another 28 days of the the never ending lockdown (although I don’t know that the second lockdown ever ended). Unlike the first lockdown where I felt a bit lost, I am mentally ready for this one.
I find it fascinating to learn what people have been “in to” during the pandemic. And although I am sure knitting is experiencing the biggest boom in the last 50 years, that is not something I ever considered. For me, it was easy, I was finally going to have time to learn about investing.
A couple of years ago I recognized that my financial literacy was very low (by “very low” I mean “zero”), so I took a course. After the course, it was overwhelming and I felt more frustrated as I was starting to realize just how much I didn’t know.
Thankfully the pandemic has given me time to learn about investing and help connect some dots. Like many things in life, the more you know, you realize the more you don’t know. I know less than I thought, but way more than I did…if that makes sense. Now, I am totally immersed in a sea of information out there in the interweb. I following the stock market daily, learning about why the stocks and market moves the way it does. I find myself watching videos and having conversations with Jonas about Macro Economics. I didn’t even know that Macro Economics was a thing a year ago. Its so much fun!
However, I want to give you the top 5 things that I have learned when it comes to investing:
- Investing is complicated, but not impossible to learn if you “invest” the time.
- Find or make a support group. Investing is personal, but it doesn’t have to be, if you acknowledge point #1 and start talking about it, you will learn things through sharing your experiences and ideas.
- When in doubt, follow a guru. There is so much information about what the best investors in the world are doing. If you are doing something they are not, maybe you should rethink what you are doing.
- Take emotions out of the equation, set up your rules that you are comfortable with and follow them.
- Be patient and don’t expect to be lucky. Success comes from making smart decisions based on a good strategy. So remember point # 4 and stay the course.
So, how am I going to wrap this story up to lead to Pilates. Well, if you are anything like me, you will have more than 28 days of stuff on your to do list and your time in “lockdown” is actually jam packed. When the days get away from you and you don’t have an hour for a class, try this Arm & Leg Workout with some Barre and some Pilates exercises, its less than 8 minutes but sure to push you.
Gotta run, macro economics waits.
~Meaghan