1299: How to Invest: Meaning and the 3 Circles by Phil Town of Rule One Investing on Picking The Right Stocks

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 29 September 2020

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Phil Town of Rule One Investing shares a unique perspective on how to invest with meaning. Episode 1299: How to Invest: Meaning and the 3 Circles by Phil Town of Rule One Investing on Picking The Right Stocks Phil Town's portfolio has been ranked No. 1 by the American Association for Individual Investors when it produced a 50% rate of return. He has a passion for investing that is hard to beat and he wants to share it with you. Phil has written three New York Times #1 Best-Selling Investment Books, Rule #1, Payback Time, and Invested, and he's been invited to speak on TV shows on CNBC, FOX, and MSNBC. The original post is located here: https://www.ruleoneinvesting.com/blog/how-to-invest/how-to-invest-meaning-the-three-circles/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, episode 1299.
0:04.0	How to Invest, Meaning and The Three Circles by Philtown of Rule 1 Investing.com.
0:10.0	And I'm Dan and I am here every day reading to you from the best personal finance blogs on the web,
0:16.0	but we've got some changes coming around here this week.
0:19.0	You can stick around until the end to hear what's going on.
0:22.0	But for now, let's hear today's post and
0:24.4	start optimizing your life.
0:29.8	How to Invest, Meaning and the Three Circles by Philtown of Rule 1 Investing.com
0:37.0	Investing for Beginners Circle of Competence
0:41.0	The most important thing I can tell you about becoming a great investor is to focus on your circle of competence.
0:47.0	What that means is that area of the world that you live in that you actually know quite a lot about.
0:52.0	For most beginning investors, we sort of think we do. live in that you actually know quite a lot about.
0:53.0	For most beginning investors, we sort of think we don't know anything about anything.
0:57.0	I know I certainly felt like that when I started off.
1:00.0	But in fact, my teacher told me to start by looking for meaning in each investment.
1:04.9	Invest in a business that means something to you.
1:07.7	Try to buy businesses that really mean something to you.
1:10.8	To start with, I have to find out more about me.
1:13.0	What actually means something to me?
1:15.0	What do I actually know something about?
1:17.0	To figure it out, I want to look at the three circles exercise.
1:21.0	Choose industries you're interested in.
	...

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