Peter Lynch’s way to get Rich
8 simple Rule for Investing in the stock market
8 Rule to get rich, but not many people realized it.
① Small investors have a huge advantage.
The stocks of outstanding companies in unpopular industries and industries with no growth tend to become the most profitable bull stocks.
② Know what you own.
Never invest in the stocks of companies whose financial status you do not understand.
③ Don’t invest purely in others' opinions.
Do a lot of research and take care of your own money.
④ Focus on the company behind the stock.
Behind every stock is a company, and you have to figure out how the company operates.
⑤ Don’t try a predict the market.
No one can predict the future.
Thinking that once you gamble, you will make a lot of money, so then you make a big bet, and you often lose a lot.
⑥ Market crashes are great opportunities.
Stock prices sometimes fall sharply in the stock market. For investors who prepared early, it is a great opportunity to buy at a low price.
⑦ You have plenty of time.
Think of stocks as your child, you don’t need to raise too many children at the same time. You can’t take care of too much.
You don’t need to invest too much in stocks. All you need is time, patience, and focus on a couple of good stocks
⑧ You need an edge to make money.
Everyone has the knowledge needed to invest in stocks to make money, but not everyone has the courage needed to invest in stocks to make money. Only knowledge and courage can make big money in stock investment.
Fellow these 8 steps, in the long run, you will make money and get rich.