The Reason I Only Invest Money into Companies I Truly Believe In

If you’re fairly new to investing, you may feel lost and curious about which companies to invest your hard-earned money in.

In the beginning, for me, I put my money into companies I didn’t believe in, such as CLM or the various amounts of penny stocks available in the market. Nowadays, I look at investing as a much more serious game where my money can grow drastically or I could lose it all with bogus companies.

Losing money on an investment with a company some random person recommended you will leave you kicking yourself. It’s happened to me before. I lost $1,000 because I took someone’s advice on investing in a company that really wasn’t worth it.

When you take your stock pickings into your own hands, you take control of your money, and your investing experience becomes much more personalized.

My Method for Selecting Stocks

Choosing your own stocks makes investing personalized and a much more enjoyable experience when you see your profits.

When you see something within a company you chose that might trigger a downhill, you can always move funds and manage your portfolio. That’s pretty cool!

Ever since the pandemic I’ve acquired a great number of shares in companies I firmly believe in such as:

• Apple
• Tesla
• Boeing
• NVIDIA
• Facebook
• Square
• Paypal

Those are some of my favorite stocks that I love to continue buying because they make me happy to know that I have a stake within those companies should they grow in value.

I believe that many tech stocks have an infinite amount of room for growth because the world is full of tech, and the more and more advanced the world becomes, the more dependent we’re all going to be on it.

Now I’m not saying that you need to dump your money into tech stocks, but you should choose companies that you shop with, support, and are confident in succeeding in the future.

The advice I give any new investor within my company’s stock trading community is to invest as though you’ve already lost all your money. Put it in and think, poof it’s gone. Weird right? No actually.

If you think this way, then you’re not going to get too attached to the money you’re putting in and you’re going to make more logical than emotional decisions.

Stocks Jump in Price All The Time

There’s never really a perfect time to start investing besides when you’re younger because you have time on your hands.

Time is the ultimate catalyst for your investments to grow overtime exponentially. We’re talking 1,000–2,000% returns when you cash out 10+ years down the line.

While stocks jump in price and value over time, there isn’t a “perfect” time to invest since you’re going to be in for the long-term.

Now, if you want short-term gains, then choosing your stocks doesn’t particularly matter, especially if you’re a day trader.

Trying to time the market is something very few people can do for the long-term unless you buy in heavily at a huge dip as we had in March of 2020. So don’t focus as much on when to buy compared to what to buy,

The Blame Game is Toxic

Taking other people’s advice on what to invest in isn’t always going to work out in your favor. That’s just factual. So when you do your own research using Yahoo Finance, reading news updates from CNBC, etc., you set yourself up for the best possible outcome.

And the best part is that you made the decision yourself.

Being an investor who makes his or her own choices is the best way to go about it because you don’t want to blame other people for your downfalls or your successes. It’s better to stick to what you firmly believe in because everyone is an expert in something.

If you’re big into cars and know when automobile stocks are going to rise, you can make some nice money versus trying to get into tech stocks when you barely even touch technology.

You have to find your own game and stick to it. That’s how you win in the markets.

The Takeaway

Investing can be a lot of fun and put you in charge of your money and how it grows. Greed can take over and end poorly, so just make sure that whatever you invest your money into is worth it to you.

You won’t always win, but when you do, the feeling is going to be amazing.

Long-term investing in stocks that you believe in is going to take you further than many of the instant gratification investors we’re seeing more and more in the markets these days.

Keep your head down, do your research, pick the companies you believe in, and everything will turn out alright!