Carpe Diem! Sieze the day! It goes without saying that you want to make the most out of your investments. You might be carefully observing the pros at work and trying to incorporate their tactical, thoughtful, patient behavior into your own decisions in order to do this. However, you should never simply follow a person’s example.
Investment parroting doesn’t reflect the unique dynamics of your particular situation, and most importantly, it does nothing to take advantage of your capable and intelligent mind. When you look at stocks, don’t stop to wait just because Warren Buffett is pondering his next move. Despite being a genius, he’s still just one man. He definitely doesn’t know the opportunities that are available to you, and can’t use your eyes to determine profit waiting to happen.
Seizing Investment Opportunities
If you want to make a killer investment with a huge return, then sometimes the best course of action is to seize opportunity. Methodical analysis is an extremely important element of determining market conditions.
However, there is a point where you need to simply choose to take that jump and pounce on a future profit. That’s all there is to it. You see the potential in something, and so you decide to get up and grab it!
If you need an example, take Google for instance. Or Microsoft. A lot of investors in the past are really beating themselves on top their heads today knowing that they could of invested in these fantastically successive companies that saw immense profits. Instead, this players decided to wait it out and see if things were to change even further before taking the “risk” to make a firm decision. In the end, they lost out.
That sort of thing serves as an exceptional example on how you should always complete your research homework on time and use it for making good on your analytical efforts. It’s a good idea to observe the market before committing to a decision. Haste can kill profit. However, if you wait, you may miss golden opportunities.
Keep An Open Mind
In the end, a successful investing mentality is simple. It’s all about keeping your mind open to new things, staying perceptive, and incorporating flexible thinking into your investment decisions. That’s it.
It’s different for everyone however, but just work at staying away from trope psychology and the “follow the leader” pace that causes the financial demise of many unsuccessful investors. Be confident in yourself! Your mind is your best asset, so make your financial intelligence work for you.
Thanks for reading! Hope you enjoyed the success mentality for investing series, and gained some valuable insight on how to improve your own investment making decisions. See you next time for a 7 part series focused on investment magnate – Warren Buffet.
Sean Rasmussen
The Bullhunters Guide
Universal Wealth Creation © 2004 – 2010
{ 6 comments… read them below or add one }
Hello Sean,
thank you for this series on Success Mentality for investing. I am finding it very informative, and truly reflective of the mindset one may choose to further oneself. I have benefitted from your wise words, and am looking forward to your future insights.
Great to hear Jo. It’s a pleasure to know you are putting the information to good use. Like most things, if we develop and apply the right mindset, our chances of success are much greater. Happy investing
Regards – Sean
Hi Sean Thanks for the info Im just starting out on this journey so Im soaking all the info up.Im currently having a bit of trouble obtaining some finance but believe me nothing on this planet will stop me from going ahead with my plans.As you would say have a great day.
Hi Phil
Great to see you taking action and not letting small roadblocks stand in your way. There are a fair percentage of Australian’s that are having trouble obtaining finance at the moment (only about 18-20% are qualifying at the present time) so you are not alone. With persistence, I am sure you will achieve your goals. All the best and have a great day yourself!
Regards – Sean
Hi Sean,
I’ve really enjoyed this success mentality for investing series. I find it really interesting that you say you should really be your own person when it comes to investing. I would have thought that you should look for someone who’s getting the results you want and follow them.
But, you’re right; all our circumstances are different. We have to find what works for us the best.
Thanks Sean for this very informative series on success mentality for investing.
I have learned a lot and it has made me think about changing my trading strategy and spending more time learning about the companies of the stocks that I own.