The 5 Traits Investors should have
1. Patience
You are investing for the long-term so you can take the ups and downs of the stock market over a long period of time. In my opinion, the best way to improve your talent is by listening to financial analysts and reading financial news. Your investments will grow slowly and steadily so you need to remain calm during periods of volatility. spending time every single day taking in financial information. All the best investors do the same.
You will be able to keep your emotions in check. Don’t checking your investments every day, you can focus on your work and have family time don’t get into the trap of volatility and market noise. I only check mine every 1-3 months or so to see if I need to re-balance my asset allocation. I do set price alert for the stock that i had study.
2. Systematic
Investment can be boring and long, you have to set life goals for yourself, which can helped to define your investment strategy. You should know, what your long-term savings goals are, you are saving for what, how much exposure to the stock market you need and how much risk you can tolerate. Most people chase for big money, some people that I know “gamble” all their monthly salary to chase the up and down as a day “Gambler”, the worse they loss lot of money.
3. A Bias Toward Action
We should know why we want to invested in particular funds and make consistent contributions. Discipline is important, perhaps, the most important. It’s this trait that keeps you disciplined about nibbling in, even when the stock market is going down. You know when to re-balance your investments and when to leave them alone. You are secure in your investing decisions and have tuned off all the market noise. You don’t go chasing ‘hot-tips’ from Youtuber or whatever the ‘next meme thing’ is. You understand how your own investments work and what you need to do to remain on top of them.
4. Common Sense
Gamblers are not a Good investors. we shouldn’t aim or chase for big returns and therefore risk big losses if you don’t have to. If you are disciplined and Systematic you know what your long-term investment plans are and you follow your plans through.
5. Positivity
In the long-term the stock-market always rise, otherwise you will always be worries and guessing your investing decisions is correct or wrong. Understand what you invested in and be confident with the company you invested.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
