How I Learned To Make A Lot More Money Than I Have - A Reflection by Micah Weinstock

 Micah Weinstock

Dr. Ott

Investing A-Term

March 31, 2021

A-Term Reflection

I have enjoyed taking this A-Term. I found it helpful to build upon my base knowledge from Dr. Ott’s J-Term course. It’s a fun look at ways to generate income that can be anything from something you do during your lunch break to a full time occupation. I believe, for me, there were several key takeaways in what I learned and how I grew: maturity, research, and patience.

Maturity is a big part of trading to me. There are many times where you will be making large financial decisions that carry huge consequences and weight. You need to have a certain knowledge in what you’re doing, coupled with a certain amount of trust in yourself.

Another key takeaway from this would be the need to research, it’s not just a guessing game. “It's not gambling when you know you're gonna win.” - Alan Garner. The people who make the very most on stocks all research and have strategies that they abide to, regardless of personal feelings. 

Lastly, and (In my opinion) most importantly, is the need for patience. Generally speaking, holding stocks for long periods of time is a strategy that yields high rewards, but so many people feel tempted to sell early. Patience is also necessary as not every minute is the best to enter a certain market. 

I heavily recommend the course. I found it to be extremely helpful and aleve the stress of trying to navigate a sometimes scary financial/investment world. You will never be hurt by knowing how to invest money well. 

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