In this Module Joel shares his proprietary 5-step stock screening process, a method he's honed over years of experience in the financial industry.
But it's not just about the process; it's about discipline. Joel emphasizes the importance of not letting emotions cloud your investment decisions. He believes that setting a price target for your stocks and sticking to it is crucial. Fear and greed can often lead to costly mistakes, so Joel advises investors to remain steadfast in their strategy.
Nobody can predict the market with 100% accuracy, but Joel has a track record of achieving success rates in the 70-80% range. His mantra is simple: cut your losses and let your winners run. It's a principle he stands by as he helps others navigate the financial landscape.
One key takeaway from the episode is Joel's approach to calculating price targets for companies. He suggests multiplying the average analyst estimates for a company's future earnings by the highest price-to-earnings ratio over the last five years. Alternatively, you can use the shareholders' equity divided by the outstanding shares of the company. Joel's personal goal is to aim for a 100% upside while keeping the downside limited to 25%.
Financial Freedom Blueprint Lessons
Lesson Resources
Lesson 5 - mp3 Audio
Financial Freedom Blueprint Downloadable Worksheets
joel salomon's financial freedom blueprint
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