There are many novice investors jumping into the markets right now. And why not? Almost all investment classes have been jumping in value over the past several years. In the next few years, you’re going to see market corrections and shifts away from meme stocks—that’s when you’ll see the difference between novice and savvy investors.If you don’t want a lesson from the school of hard knocks, you should start studying and preparing now. I recommend starting with Thinking in Bets by Annie Duke—this book helps develop the proper mindset of an investor.Additionally, before the craziness hits, it is important for you to sit down and write out (1) how you will react when the market drops, (2) how you will limit your speculative exposure, and (3) how investing will help you attain your financial goals. Having a written plan will help stabilize your investing decisions so that you don’t overreact.Happy investing! Ü
