HOW TO BE A GOOD INVESTOR

Happy day to you,

To earn a passive income, you need to invest. The question is how to be a good investor? As such to be a good investor, you need to acquire the passion to make money and enjoy their game plans, like those great investor gurus. You need also to have the persistency and determination to play their game till you succeed in it. Below are some of the useful action guides to help you to master the skill.

1.    Stay focused on your Goal.    

Successful investors tend to focus on their goals and constantly seek for opportunity to achieve their goals. They do not allow temporary adversity to stop them or control them. They are always in control of their emotion, and do not follow the market blindly. They know that they need to behave in appropriate ways to achieve their results, which is very different from normal ways. They know how to learn to be effective.

2.    Let the end  justify their means. 

As they know their goals precisely and always stay focus on goals, they are more than often considered to be "Outside of the Box" thinkers. They use the end to justify their means. They are clear about their risks appetite and are able to synthesize information in the way best investors do. They use their financial intelligence to evaluate how they have done in the past and make better predictions about how the market will perform in the future. 

3.    Takes Responsibility

  

Great investors generally hold themselves responsible for whatever decisions they make and also for the success they personally achieved. As such, they know the game plan well and they stay alert of their investments, monitoring their portfolio diligently and keep themselves up to their toes on their investment portfolio. They know about the business and industry their investments are in. They are able to relate well to every change, be it in regulatory, industry, or consumers appetite that are significantly associated with their investment portfolios. 

4.    Well equipped with know how and strategies 

As the market is ever changing and good investors are constantly steering their strategies, know how and methodologies to catch the right waves of the changes are required. As such, their returns are relatively much higher than the average good investors. They tend to lead the way that enable them to keep up to the current market trends, thus maximising their profits and  minimising losses. They are always ahead of the changes because of  their networking and know how. They are the market leaders, and not followers. They lead and influence the market to a certain extent. They set the trend because they know their games very well.

5.    Constantly Learning. 

Good Investors usually adapt to the changing market easily and rapidly, they  always acquire and master  new techniques to hone their skills and experiences. As such, you can see that good investors are good students too. They are always hungry for information exactly like a sponge for information.

6.    Helps Others.  

Successful investors understand and recognise that they need reliable sources and networks to make money together. That is the main driving force to assist other greener investors to succeed as well because they believe that there are always plenty of good deals. They strongly believe in developing a good relationship of mutual respect and success that will often bloom into other deals. By doing so, they are also able to empower others to work together with them confidently and in a fruitful manner.

7.    Constantly and Persistently Marketing. 

They know that they are in for long terms. As such, they believe in sharing the wealth and seek like minded people to work with them through undivided hearts and souls to help each other to achieve their common goals. Hence, they are able to maintain their return of  their previous closed deals. To ensure that their business have steady stream of business, good investors never stop seeking and marketing, whenever there is an opportunity for them to do so.

8.      Always Looks for a win-win solution.  

Good investors know that the tested recipe for their success is through a win-win situation. To achieve this goal, they need to develop their relationship before they can work towards next level of success. They know that success cannot be achieve alone, but need to form long term strategic alliance. They are sure that they will ultimately bring disaster to themselves if they stay divided. As such, they rather opt to stay united and walk through the journey as one united force.  

So, practise the principle daily and you will be rewarded accordingly.

Wishing you great success,

James Oh