Part 3/8:
If you have experience in a particular industry, such as restaurants or healthcare, you might be better positioned to evaluate the viability of companies within those sectors. The expertise acquired through your professional or personal experiences enables informed investment decisions, particularly when new products or strategies are released by potential investment candidates.
2. Know What You Buy
Understanding the business model and structure of the company you're investing in is crucial. Christine warns against merely following reputation—frequenting a store does not automatically equate to a sound investment in it.