"We must accept finite disappointment, but never lose infinite hope." - Martin Luther King, Jr.
Sunday, 31 May 2020
Pessimistic Vs Optimistic Investing Attitudes
One major thing that all the investors must learn is that attitude really matters. In fact, in investing it is simply amazing how much difference an attitude can make!
There is a basic and consistent feature among investors that are successful: Positive Attitude!
An investor with a positive (optimistic) attitude is more likely to make money than one with a negative (pessimistic) attitude.
An investor with a pessimistic attitude is more likely to give up hope and abandon a successful system and invest on emotions.
He is more likely to focus on bad investments rather than good ones.
He is more likely to think he is always right, rather than learn from others.
He is more likely to lose money, given the same recommendations than someone who has a positive attitude.
He is more likely to be mad or upset or stressed out at the end of the day and more likely to bring that back the next morning.
On the other hand, the investor with an optimistic attitude realizes that not all choices are winners, that over the long run, with patience and discipline, he will make money.
He sets aside his pride and lets himself learn valuable investing lessons.
He understands that everyone makes mistakes, including himself and realizes that if you learn from a mistake, it can be a good thing.
He is more likely to make money, given the same recommendations than someone who has a negative attitude.
He is more likely to be happy at the end of each day, and more likely to start investing with a positive attitude the next day.
These cycles continue on and on and on ...
That is why most successful people are optimists and most unsuccessful people are pessimists.
Investors must learn the value of this quality and always look on the bright side of life!
Source:http://www.greekshares.com
There is a basic and consistent feature among investors that are successful: Positive Attitude!
An investor with a positive (optimistic) attitude is more likely to make money than one with a negative (pessimistic) attitude.
An investor with a pessimistic attitude is more likely to give up hope and abandon a successful system and invest on emotions.
He is more likely to focus on bad investments rather than good ones.
He is more likely to think he is always right, rather than learn from others.
He is more likely to lose money, given the same recommendations than someone who has a positive attitude.
He is more likely to be mad or upset or stressed out at the end of the day and more likely to bring that back the next morning.
On the other hand, the investor with an optimistic attitude realizes that not all choices are winners, that over the long run, with patience and discipline, he will make money.
He sets aside his pride and lets himself learn valuable investing lessons.
He understands that everyone makes mistakes, including himself and realizes that if you learn from a mistake, it can be a good thing.
He is more likely to make money, given the same recommendations than someone who has a negative attitude.
He is more likely to be happy at the end of each day, and more likely to start investing with a positive attitude the next day.
These cycles continue on and on and on ...
That is why most successful people are optimists and most unsuccessful people are pessimists.
Investors must learn the value of this quality and always look on the bright side of life!
Source:http://www.greekshares.comSaturday, 30 May 2020
Quote for the day
"The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way." - Robert Kiyosaki
Friday, 29 May 2020
Quote for the day
"Success is achieved by developing our strengths, not by eliminating our weaknesses." - Marilyn vos Savant
5 Traits of a Good Investment Opportunity
By Murray Newlands
Long-term Viability
If you look at a company and do not see yourself owning stock in it for the next ten years, then you should stay away from investing in the company. Most of the money made in business investments comes from owning stock in the company for quite a while and leaving it alone until the dollar value rises and reinvesting your dividends versus rapidly buying and selling your stock in a business.
Market Cap For The Business
Comparing the market cap of the business that you are looking to invest in to similarly priced businesses will help you determine whether or not the stocks are going to be worth what you are paying for them. For example, if a business has a lower profit than another in its class regarding size and product but is charging more for its stock, then the stock is not worth it to buy.
Good Business Stats
You can want to invest in a company for its vision or branding as much as you would like, but if there aren't good profits, price, or management, you are likely throwing your money down a sinkhole. That being said, if your investment opportunity has good profits, price, and management, but you cannot get behind the business as a whole, you should limit your investment until it has had some time to bring you returns; if you do not feel 100% about your investment, there is probably a reason why, and you need to work that out before you throw all of your investment money into it.
Company Is Buying Back Shares
While you may think that this is a sign of a business that is not doing well at first glance, businesses that buy back their shares are doing so in an effort to increase the wealth of their current and longstanding shareholders, which is a more lucrative investment opportunity; a larger share of the pie means a larger share in the profits, without you having to invest more upfront.
Easy To Understand Business Model
When a business is run simply, there is not much to draw the eye, however, it also means that the business is more likely to be stable and have a good growth curve behind it. This is because a simple business model does not require a lot of learning in order to implement, and new stores can be opened easier as a result of it. More stores means more customers and coverage, which means more profits... you get the idea.
Before you invest in a company, look for these five traits to make sure it's a viable opportunity.
There are more and more investment opportunities opening themselves up to potential investors, but not all of them are good investment opportunities; in fact, with the more opportunities that open up, the more likely you are to find an investment opportunity that will bleed you dry before you find one that will line your purse. The following are five things to look for when finding an investment opportunity; if the opportunity has most of these things or all of them, you are looking at one that is likely to add to your wealth instead of taking it from you.
There are more and more investment opportunities opening themselves up to potential investors, but not all of them are good investment opportunities; in fact, with the more opportunities that open up, the more likely you are to find an investment opportunity that will bleed you dry before you find one that will line your purse. The following are five things to look for when finding an investment opportunity; if the opportunity has most of these things or all of them, you are looking at one that is likely to add to your wealth instead of taking it from you.
Long-term Viability
If you look at a company and do not see yourself owning stock in it for the next ten years, then you should stay away from investing in the company. Most of the money made in business investments comes from owning stock in the company for quite a while and leaving it alone until the dollar value rises and reinvesting your dividends versus rapidly buying and selling your stock in a business.
Market Cap For The Business
Comparing the market cap of the business that you are looking to invest in to similarly priced businesses will help you determine whether or not the stocks are going to be worth what you are paying for them. For example, if a business has a lower profit than another in its class regarding size and product but is charging more for its stock, then the stock is not worth it to buy.
Good Business Stats
You can want to invest in a company for its vision or branding as much as you would like, but if there aren't good profits, price, or management, you are likely throwing your money down a sinkhole. That being said, if your investment opportunity has good profits, price, and management, but you cannot get behind the business as a whole, you should limit your investment until it has had some time to bring you returns; if you do not feel 100% about your investment, there is probably a reason why, and you need to work that out before you throw all of your investment money into it.
Company Is Buying Back Shares
While you may think that this is a sign of a business that is not doing well at first glance, businesses that buy back their shares are doing so in an effort to increase the wealth of their current and longstanding shareholders, which is a more lucrative investment opportunity; a larger share of the pie means a larger share in the profits, without you having to invest more upfront.
Easy To Understand Business Model
When a business is run simply, there is not much to draw the eye, however, it also means that the business is more likely to be stable and have a good growth curve behind it. This is because a simple business model does not require a lot of learning in order to implement, and new stores can be opened easier as a result of it. More stores means more customers and coverage, which means more profits... you get the idea.
http://www.inc.com
Thursday, 28 May 2020
Ari Kiev – The 10 Cardinal Rules Of Trading
By Oliver
The 10 cardinal rules of trading from Ari Kiev’s book: ‘Trading To Win – The Psychology of Mastering the Markets’
The Ten Cardinal Rules
1. Learn to function in a tense, unstructured, and unpredictable environment.
2. Be an independent thinker versus a conventional thinker.
3. Work out a way to handle your emotions and maintain objectivity.
4. Don’t rely on hope and fear in the conventional sense.
5. Work continuously to improve yourself, giving importance to self-examination and recognizing that your personality and way of responding to events are a critical part of the game. This requires continuous coaching.
6. Modify your normal responses to certain events.
7. Be willing to face problems, understand them, and recognize that they are in some way related to your behaviour.
8. Know when problems can be resolved and then apply methods to solve them. That may mean giving up some control in order to gain a different control. It may mean changes in your personality, learning self-reliance, or giving up independence and ego to become part of a trading team.
9. Understand the larger framework in which trading occurs—how the complexity of the marketplace and your personality both must be taken into account in order to develop the mastery of trading.
10. Develop the right mind-set for trading—a willingness to commit to the kinds of changes in personal habits and beliefs that will drastically alter your life. To do this requires a willingness to surrender to the forces of the game. In order to be able to play at a maximum level, you have to let go of your ego and your need to have things your way.
Source: www.tischendorf.com/
The 10 cardinal rules of trading from Ari Kiev’s book: ‘Trading To Win – The Psychology of Mastering the Markets’
The Ten Cardinal Rules
1. Learn to function in a tense, unstructured, and unpredictable environment.
2. Be an independent thinker versus a conventional thinker.
3. Work out a way to handle your emotions and maintain objectivity.
4. Don’t rely on hope and fear in the conventional sense.
5. Work continuously to improve yourself, giving importance to self-examination and recognizing that your personality and way of responding to events are a critical part of the game. This requires continuous coaching.
6. Modify your normal responses to certain events.
7. Be willing to face problems, understand them, and recognize that they are in some way related to your behaviour.
8. Know when problems can be resolved and then apply methods to solve them. That may mean giving up some control in order to gain a different control. It may mean changes in your personality, learning self-reliance, or giving up independence and ego to become part of a trading team.
9. Understand the larger framework in which trading occurs—how the complexity of the marketplace and your personality both must be taken into account in order to develop the mastery of trading.
10. Develop the right mind-set for trading—a willingness to commit to the kinds of changes in personal habits and beliefs that will drastically alter your life. To do this requires a willingness to surrender to the forces of the game. In order to be able to play at a maximum level, you have to let go of your ego and your need to have things your way.
Source: www.tischendorf.com/
Quote for the day
"Promise me you'll always remember: You're braver than you believe, and stronger than you seem, and smarter than you think." - A. A. Milne
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