Rule Du Jour: Rule #19: Be Confident - Use Your Brain (Patreon)

Rule Du Jour: Rule #19: Be Confident - Use Your Brain - Don't Be Intimidated

Individual investors often have an edge over fund managers when it comes to making money from stocks, thanks to their ability to spot investment opportunities in their everyday lives that Wall Street normally misses. Tesla is a case in point. So is MSTR. Many others.

The best opportunities often hide in plain sight but you need to experience them. I nibbled on Tesla in 2017 and bought a ton of LEAPS in 2019 after I bought a Model X. Experiencing the car convinced me this was a special company. At the time, the price was about $17.50 split-adjusted. I added more at this level during the Covid Dip in March 2020.

Don’t underestimate your own intelligence. Confidence plays a crucial role in the game!