I'm working on simplifying a 7-step investing process for adults and children.
Also organizing my budgeting 6-7 step process for simplicity.
Remember here we focus on OWNERSHIP, increasing share counts:
Let me make this stupid simple. The game is ownership.
If you own 1 share and it goes up $10, you make $10. If you own 1,000 shares and it goes up $10, you make $10,000. Same asset. Same move. The difference is ownership.
Just Joey Rules (Non-Negotiable)
- No selling.
- No rebalancing.
- Avoid taxable events.
- No panic decisions.
- No checking every day.
We reassess in 3–5 years with a very minimal chance of selling. Then phase two begins.