Tuesday, 19 November 2024

Just do one thing

It’s as simple and as difficult as that
 
   
     
   
 
NOVEMBER 20, 2024
   
Editor’s Note: This week, Jack Carter is sharing his gameplan on the #1 stock in the world: NVDA. But he’s urging you NOT to buy shares right now… find out why here

Hey y’all,

I have this conversation with my mom all the time. It basically goes something like this:

Mom: “I haven’t done anything today! I feel so bad about that!” 

Me: “Why?” 

Mom: “Well, because I have so much to do!” 

Me: “So just… do something…” 

Now, you should understand: my mom is a retired school teacher and has earned the right to do nothing if she wants to. And I’m mostly teasing her when I quote Nike slogans at her.

But there’s an underlying element of deeper truth that I really believe in.

I’ve always been very action-oriented.

I’m not the most organized person. I don’t have the best memory. Things escape me sometimes. But when I have a project, I am going to see that project through if it’s the last thing I do.

Sometimes, that results in a self-destructive kind of tunnel vision that leads to my making mistakes along the path of “get it done.” 

But most of the time, it’s served me very well.

And the feeling of accomplishment you get when you finish a project, or when you can look back and say “yes, I learned something today. I grew in some skill that’s important to me” is really unparalleled.

Why am I bringing up this story? 

It’s certainly not to brag on myself — this is one decent trait among many bad ones ;) 

It’s really because I want to encourage those of you who might read this but are on the fence about trading and investing.

Tomorrow, I’m going to have our experts answer a question from a reader about how a trader with $500 should start investing.

And they will have a lot of advice, better than any that I can offer. 

But if I might offer a word of my own advice, it’d be this: just start. Just do something.

It might be cliche, but I love the old proverb: “The best time to plant a tree is 20 years ago. The second best time is right now.” 
 
 
 

If you’ve been putting off trading or investing for whatever reason, the best thing you can do is just start. Do something small. Place a paper trade, buy one share of a company you like, but one contract of an options trade — but do it, so that tomorrow, you won’t feel bad about not having started yet.

I think that’s the best advice I can offer.

And today, I’m going to follow my own advice. 

I haven’t been trading as much as I’d like to be during the day, and there are always excuses: not enough time, not enough money, not confident enough, etc.

But today, I’m gonna place one trade. I don’t know on what. I might follow one of our experts, or I might pick something I personally like. 

Either way, I’m going to do it, so that tomorrow, I can report back and say “hey, I followed my own advice.” 

I hope you’ll join me! 

Either way, I look forward to sharing our experts’ advice on how to get started as a small account investor with you tomorrow.

To your prosperity,

Stephen Ground
ProsperityPub Editor-in-Chief
 
   
 
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