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Opinion: Econoweek – Yolanda Fordelone – 5 investment lessons I learned from Stranger Things

Hayden Walsh by Hayden Walsh
May 14, 2022
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Opinion: Econoweek - Yolanda Fordelone - 5 investment lessons I learned from Stranger Things
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Finally, after almost 3 years, the fourth season of Stranger Things will premiere at the end of May, one of the most successful series on Netflix. There are 9 episodes, one more than last season, and with more than an hour each one hour each. The expectation is great, as many questions have not yet been answered. As our beach is finance, the column separated five investment lessons we learned from Stranger Things

The novelty of this season is that it will be released in two days: on May 27th and on June 1st. While the premiere doesn’t come, let’s go to the lessons.

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Do not give up

The first lesson is don’t give up and it starts even before you see the series. Stranger Things creators, the Duffer brothers, heard more than 20 no’s from production companies and TV stations before closing production on the series with Netflix. Lots of resilience!

In investments, it is also necessary to persist. How many times have you faced a loss in your investment, but you still believed that it was a good investment, you were just in a bad moment? How many times have you had an unforeseen event and the bills have tightened?

At that time, don’t give up! Keep investing, even if just a little, because at some point the game turns in your favor.

have allies

One of the captivating points of the series is the union of children. They’ve been friends since they were little, they do everything together and complement each other to face the Demogorgon monster.

There are the more nerdy people, Eleven, who have power, and they have a braver crowd. They form a real group.

In finance, you don’t have to be alone to invest. Among the allies, there are friends who also talk about investments and who you feel comfortable talking to about it, there are YouTube channels like Econoweek, there are analysis houses like Suno and some news sites.

There is a lot of investment information these days. I confess that there are so many that some even end up getting in the way. Then select who will be your ally and continue studying and learning there.

have a plan

It’s no use having allies without a good plan, that is, outlining the objective. In the series, the objective is clear: close the portal to the Upside Down and defeat the monster. The group studies what they are going to do, puts it on paper and defines where each one will be. They think of everything.

In investments, you have to reflect on your objective, when you will need the money, what risk you accept to take, where you will invest, how much you will invest per month, among other things.

If you don’t have a plan, you may not see the evolution and end up giving up. It will go around in circles. You can also invest in applications that don’t make sense and go wrong.

calculate the risk

The Stranger Things guys don’t go out fighting the Demogorgon out of nowhere. Only after drawing up a plan and risking it going wrong do they step into action.

In investments, you also need to understand what risk you accept to take. There are from ultra safe applications to those that allow greater gains, but also have a greater risk of losses.

If you don’t understand the risk you can get scared at the first ups and downs and never apply to the investment again because you think it’s bad. In fact, it may just not be suitable for your plan and profile.

Change the plan if you need to

The fifth lesson is that even if you study hard, sometimes the plan will get out of hand and you have to adapt. There have been a few deaths in the series. Last season, it was Officer Hopper’s turn.

In investments, you need to have a plan, but also be flexible at times. There is even an expression among experts: “marry the investment”. There are those who invest in something and even when the business does not go well, they continue to invest in the hope that one day it will work out.

There are times you have to be patient, but there are times you need to have the courage to act. What separates a good investor from a bad one is knowing how to distinguish the two situations.

How to make a plan?

To help you with your investment plan, we’ll leave you a video in which we show you exactly how much you have to invest per month and for how long to raise R$ 1 million. Did you know that Anitta earns it in a few days and Elon Musk earns it in a few minutes? The video is below, but first let’s tell you something new.

Econoweek is running for the iBest award in the Investments category. If you find our content cool, you can contribute your vote.

Tags: EconoweekFordeloneInvestmentlearnedlessonsOpinionStrangerYolanda
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Hayden Walsh

Hayden Walsh

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