4 successful traits of superior investors, knowledge, focused, decisive and ready to act. Some manage their own portfolio, others use professional advisors, all produce excellent results.
What are successful investor traits?
Choices To Make Money Work course 215 lesson 5, answers the question, what are successful investor traits? At the end of the lesson, links to related content help you learn more.
What you learn:
Successful investors are knowledgeable, focused, divisive and ready to act. Any investor can do the same by learning and adopting these traits and work at applying them to their investing.
4 Successful investor traits:
1. Knowledge:
They learn and know investing
2. Focus:
They pay attention to markets, the economy and their investments
3. Decide:
They research, plan and use facts to make decisions
4. Action:
They are willing, able and do act when they should
You too can learn to invest well
Anyone can acquire the knowledge needed to invest well. Google will find all the information and data you can possibly need. Additionally there are many thousands of books, services and classes to help you learn.
You can learn the routine of effectively and efficiently checking your holdings and being aware of markets. You can develop the needed decision-making skill and you can learn what, when and how, to take effective action.
Anyone interested can learn the facts and develop the skills needed to produce superior investment results. You can manage your own portfolio or to be counted among the best clients of a professional financial advisor.
By learning, you can avoid the most costly weaknesses for any investor, indecision and procrastination. But, not everyone should manage their own investment portfolio. There are two essential necessities for managing a portfolio.
Portfolio managing essentials
1. Time
2. Mindset
Investors need both, time and the mindset to manage a portfolio. Should you lack either, use a professional advisor. Procrastinators or people unable to make decisions, should never manage a portfolio. They must leave the heavy lifting to a financial advisor.
If you can, pay attention, make decisions and take prompt action when required, you have the needed psychology and mindset to successfully manage a portfolio. You can do it, if you choose to do it. You can learn.
But if you do not believe that you can do it, you are right! Don’t do it unless you believe in yourself. In that case, use professional help to manage your investment account.
Thinking investors increase returns
If you decide to use professional help, you can still dramatically and positively affect your portfolio performance. By learning how to think like an investor, you become a better client. The more you know, the better you will do.
The White Top View blog discussions will help you learn about investing and markets. You can help yourself, by asking questions. Ask in the comment section below or send your questions to [email protected].
What are successful investor traits? Answered!
Knowing and understanding that successful investors are knowledgeable, focused, divisive and ready to act gives you the opportunity to adopt those traits as part of your development into an investing success.
Lesson takeaways,
4 Successful investor traits
4 successful traits of superior investors, knowledge, focused, decisive and ready to act. Some manage their own portfolio, others use professional advisors, all produce excellent results.
- Knowledge: they learn and know investing.
- Focus: they pay attention to their holdings.
- Decisive: they research, plan and decide.
- Action: they are willing, able and do act.
- You can use these traits to build your own investing success.
Other lessons related to:
4 Successful investor traits
Mortal investors see immortal debt
Investing time or advisor time?
Ride tapering groupthink higher
Optimism and unrealistic investor minds
Comments and questions welcome
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Choices To Make Money Work:
Key investing success choices Lesson 215.01
Join exceptional wealth builders Lesson 215.02
Investing time or adviser time? Lesson 215.03
Small investors have advantages Lesson 215.04
4 Successful investor traits Lesson 215.05
Avoid 6 investing sins Lesson 215.06
Investment impatience destroys wealth Lesson 215.07
3 Yeses or no investment Lesson 215.08
Investing can be fun, interesting and slow Lesson 215.09
Warren Buffett explains gold Lesson 215.10
Next course 215 lesson 6:
Avoid 6 investing sins
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