3 strategies for achieving success as an investor

Johnson2468

Valued Contributor
1. Do not disregard your asset allocation.
Like the GPS that directs us to our route, you must always adhere to your asset allocation. You can only purchase low and sell high with only one instrument. Regularly rebalancing your asset portfolio removes emotion from your financial decisions.

2. Go alone and avoid the crowd.
Reduce the noise in the market caused by recommendations from friends or popular market trends that are going viral on social media. You should be the sole person who makes the final decision regarding any investment. You must rely on your judgment to carefully examine the suitability of each investment, therefore have the confidence to go it alone.

3. Finish your homework.
Before making any investing decisions, it is usually a good idea to get in touch with your financial advisor and have a chat. If you don't agree with your financial advisor's reasoning, keep questioning until you are satisfied. Before you make the decision, do your homework. In the information age of today, this is not difficult.
 
There is certain kind of delay of 1 day tolerable in finishing the tasks but the delay of deliver final product should not exceed 3 days because prediction could be negociable with 3 days max late of implementation or investment material.
 
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