10 Actions That Make You a Successful Investor

These will allow you to possess wealth.

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1. Self-Investment

Investors know they are the asset themselves.
Put aside finances for a second.

Great investors invest in the essentials.
Health, Family, Knowledge.

The finances come naturally after.

- Go to the gym
- Eat healthier
- Consume media to create (podcasts)

2. Research

Investors do their due diligence.
It's necessary.

They don't blindly invest in a company without knowing its purpose and its fundamentals.

What are these fundamentals?

- Strength
- Earnings
- Growth
- Market Cap
- Dividend
- Brand Value

Do your research.

3. Rationality

Investors are usually rational, well, the good ones are.

They don't assume that they will make a 250% return within 3 days.
They don't assume that they will 10x their investment within a year.
They don't assume that they will never make a loss.

Be rational.

4. Diversification

You have all heard the quote;

"Don't put all your eggs into one basket."

What happens when the basket drops? The eggs crack.

Same with investments, they shouldn't all be in one industry or type.

You should invest in:
- Stocks
- Real Estate
- Crypto

5. Decisiveness

"Be fearful when others are greedy, be greedy when others are fearful." - Warren Buffet

Investors are smart and decisive.

They know when to buy and when to hold.

When there is panic, average people sell.

Successful investors buy the stocks of the fearful.

6. Consistency

I have heard people want to begin investing, but they never do.

I have also seen those who begin investing but never continue.

You have to stay consistent if you want to reap the results, this applies everywhere.

Invest a % monthly, for years.

You will be rich

7. Adaptability

Investors are aware of the next big thing, and they adapt quickly.

They know the world is rapidly changing.

Amazon disrupted shopping, someone invested early.
Uber disrupted taxis, someone invested early.
Netflix disrupted cinema, someone invested early.

8. Patience

Successful investors are in it for the long term.

They think about whether the investments they make currently, will provide value for their grandchildren.

We are talking about a 30-40 year period.

Google 'Compounding'.

It's the 8th wonder of the world.

9. Bravery

Many people are scared to invest, they prefer purchasing materialistic items and living beyond their means.

"Stock market is a scam"
"What if I lose money?"
"Don't you have to be rich to invest?"

Successful investors ignore all the noise and simply begin investing.

10. Stoicism

Investors are focused on what they can control, rather than worry about what they cannot.

You do not have to be a genius to invest, you just simply need to have a sound strategy and emotional control.

If you do this, you will be successful.