Tips to become a successful investor
Many times the worst investment decisions you took were quick reactions to news that looked important. It is usually said that for investing in stocks one needs to be vigilant & hyper active i.e. to keep an eye on all news. But the real job is to ignore information and focus on the goal. Excessive information hides knowledge and prevents understanding.
As an investor, one should focus on identifying business that are likely to post huge earnings surprises ahead instead of envisaging solutions for the political arena and world economy. Because world is way too big & complicated to figure out anyway.
To Be a Great Investor You Need the Right Temperament:
If you strive to achieve good investment returns, you need the right temperament. It is important that you realize temperament is different from knowledge, intelligence, wisdom, and discernment. This includes:
• Patience
• The ability & willingness to stick to plan while ignoring the crowd
• The emotional capacity to separate market fluctuations from underlying real value
Maintaining calm & persistence are the traits of a successful investor. They should know that sometimes everything a man can do is to wait and see what is going to happen in the days to come. An average investor always feels like doing something or changing things. But the best investors know that fortune comes to those who are not afraid to wait for it
Comments
Post a Comment