August 20, 2013 in 4th Guide - Managing Portfolios
Girls make winning investors
What’s in this lesson for me?
Better investing results are available to anyone willing to get help, learn, assess risk and set goals. Doing that sets you up for investing success.Knowing the 4 ways stock market winners invest like girls matters! You can get better investing results by following their example. Your returns will show the results!
Winners invest like girls!
So, if you want to make money reliably, regularly and dependably consider following the example and think like a girl! Girls make winning investors; gor guys is can mean a different way of thinking. But is pays off in more bottom line, so when it comes to investing, think like many successful women do!
Girls make winning investors - learn to invest like a girl to hold winning investing hands:
- Get Help
- Get Training
- Assess Risk
- Set Goals
1. Get Help
Biggest reason that girls make winning investors is they do not hesitate to ask for help. Being curious and asking questions are parts of what make me tick. As a result I readily approach new topics and seek to understand them. That means asking directions or seeking help has never been an issue with me. However, I know that many men deserved their reputation for aimless driving and refusing to ask for direction.
GPS apps on smart phones have changed all that. But the inclination remains. Women fare more readily ask for help.
At times we guys let our egos get in the way of success. Especially, when it comes to successful investing. All too many times a guy thinks, or wants to think, that he knows. That expensive indulgence can severely and negatively impact investing performance. It can spawn bad decisions. So we just have to get over it and get help when we need it.
2. Get Training
Second, girls make winning investors because they are willing to get some education or training. Learn - so you make informed, knowledgeable investment decisions. The Internet gives us access to unlimited knowledge. Use it. White Top Investor lessons and many other sources are available. Numerous books are available. Legions of advisors and many courses offer information, knowledge and insight. Learn and grow.
Generally, women readily seek knowledge or training. They will pull information and opinion from several sources attempting to fill in the gaps. They learn before trying to do.
Guys are much more likely to just dive in. Too often we bump our heads as a result. That's as foolish and costly as bumping your head by diving into shallow water simply because you did not check the depth. Learn first, then do.
My advice, get information from several sources. Gurus with the one right answer, or secret technique, are simply selling snake oil. Don’t buy. There are no magic charts or programs. There are many sources of huge amounts of useful information.
Draw knowledge from multiple sources but always do your own thinking. Then when you think you have an idea or understanding, run it by someone who does know. Discussing it can help you build an understanding. Think about their responses and points raised. Rethink, learn, grow.
3. Assess Risk
Risk assessment is a third way girls make winning investors. The behavior of women differs significantly from that of men. Most women take a more cautious approach to investing. As a result they more consistently deliver the goods. Or more correctly, routinely produce the best result and more wealth. Take advantage of this approach. Intelligent caution works. Know the risk presented by an investment, before you buy.
Male acceptance of risk, leads to wonderful and exciting discoveries. It helps uncover new ways for humanity to progress. Of course, it also leads to some insane and stupid behavior and a higher body count, but those are different stories.
Either way, at times, costs are high. Here, we are not concerned about pushing back the frontier of knowledge or making a new discovery by taking risks. Here, we are all about making money from investing. Good risk assessment pays off big time when you are investing. That, and cost control are two essential keys to consistent investing success.
You do not have to reinvent this wheel. Especially as a beginner, accept that established ways work, and are very well-known. Follow the established paths, especially when you are beginning.
Ignorance and poor risk assessment are major vulnerabilities that expose people to scams. Define issues and investigate until you know what the risks are. Never invest before investigating.
4. Set Goals
Finally, goal set like a girl! More often, woman set goals, while men most often see investing as one more short-term competition. Women see investing as a path to achieving life goals. Men are often wing it, and fly by the seat of their pants in a short-term quest for a big payoff.
Conclusion, we must do the homework, build the knowledge, think and enjoy the journey of growing to become a successful investor.
Why this lesson matters
The lesson highlights 4 things that make girls winning investors. Do the same as successful investors do. Following their example matters to anyone wanting to become a superior investor. Doing so can establish your investing success, wealth and retirement comfort.Takeaways from lesson 3, Girls make winning investors, includes:
Girls make winning investors lists 4 ways investors succeed. They get help, learn, assess risk and set goals. Done well, that gets superior investing results! So adjust your thinking to be a successful investor!- Get help - be curious and ask questions. Don’t let your ego get in the way of stock market success.
- Get training - inform yourself and learn so you make knowledgeable decisions. Investing in knowledge can never be taken from you.
- Assess risk - caution and managing risk pays off for investors. Intelligent caution works. Before you buy, know the risks.
- Set goals - investing is your path to financial independence. Plan your trip to have the most successful journey. It shows in results.
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Comments and questions welcome
Email me at WhiteTop@WhiteTopInvestor.com.Make money work for you
Use White Top Investor lessons to learn investing. Then, grow into a knowledgeable, comfortable and confident investor. In fact, you can learn investing one small step at a time at your own pace. Do that and become the master of your financial security and independence. White top Investor never sells or shares our email list. Learn more.Market mind of superior investors, lesson links:
Introduction to Market mind of superior investors Lesson 1
Thinking investors grow money Lesson 2
Girls make winning investors Lesson 3
3 Wealth assassins lurk Lesson 4
Irrational behavior in normal markets Lesson 5
Mental blocks paralyze returns Lesson 6
Attached stubborn helpless investor Lesson 7
Optimism and unrealistic investor minds Lesson 8
Muddled minds harm investors Lesson 9
Next lesson 4:
3 Wealth assassins lurk to deal with, money, income, debt, saving, spending, investing, risk and time. To make money work we must deal with these matters! Making a plan makes you a money making investor. . Have a prosperous investor day! Bryan White Top Investor whitetop@WhiteTopInvestor.com WhiteTopInvestor.com Let’s connect, follow me; Twitter LinkedIn Facebook Image courtesy FreeDigitalPhotos.netCopyright © 2013-19 Bryan Kelly WhiteTopInvestor.com