Investment Advice: Keep Your Composure When Your Stock Price Goes Down

There is advice about stock investing that someone gave to me...

If the company is doing the right things and you bought it at a price that made sense, the stock price will rebound, even if it drops. It just might take a while.

I take a look at examples of what I've seen since I started investing in 2008.

Investment Advice #2: Only Invest with Passion

When you have money sitting idly, it can become sort of frustrating.

Anyone who is looking to invest knows that money that is not invested is doing nothing to help you.

Of course, money that is not invested is not hurting you, either (not accounting for inflation).

Actually, it KILLS me when I have money sitting on the sideline. In fact, it kills me so much that more than once I've invested that "extra" money into something--just to keep it from sitting.

This seems to make sense--at first. I mean, how much money can you make if your money is doing NOTHING. That's right! NOTHING.

So is there ever a time that I should NOT invest?

Investment Principle #1: Pay Yourself First

I open with a statement that most of us have heard--probably MANY TIMES...

Pay Yourself First

A lot of people ask me to teach them how to invest in the stock market.

The first I ask them is whether they pay themselves first.

Most people look at me like I'm crazy.

What does "paying myself first" have to do with investing?