352- Your Margin of Safety - How Close is Close Enough?
The Rule #1 Investing method is a lot of research and waiting for the right time. But when is the right time? Is it okay to compromise somewhere throughout your journey?\xa0\n\nThis week on InvestED, Phil and Danielle discuss using the \u201cmargin of safety\u201d when looking to buy their stocks. Truth is, while the Rule #1 Investing Method will put you on the right track, there\u2019s still so much opportunity to be flexible depending on your own situation and values.\n\nTune in to learn how to define your margin of safety to help you avoid investing mistakes \u2013 whether it be ignoring your margin of safety, or staying too far within the lines of it.\n\nTo help keep yourself on track for success as you navigate your financial future, download the FREE 12 Month Planner that will help you organize your priorities and promises to set yourself up for financial gain in 2022: https://bit.ly/31ImPCl\xa0\n\nTopics discussed in this podcast:\n\nHow to tell if you\u2019ve made a mistake\n\nDefining your own investing rules\n\nDifference between founder-led and non-founder led companies\n\n\nAdditional resources discussed in this podcast:\n\n\nLou Simpson Passed Away\n\n\nActivision Scandal & Stock Patterns\n\n\nFor show notes and more information visit www.investedpodcast.com.\nLearn more about your ad choices. Visit megaphone.fm/adchoices