4 key characteristics of a good investor
An average investor uses his money and invests the rest; a good investor invests his money and uses the rest. Investing is a risk vs. returns game.
While some have made millions, many have lost as well. Learn the key characteristics of a good investor to become one.
A good investor will always have a clear goal. It is very important to have a plan to achieve the goals. Variations most likely tend to divert an investor from the agenda.
Having a plan of action within a defined period for a particular return on investment is a sign of a good investor.
They are prepared for the uncertainty of the market while the plans are usually made considering both the sides
Over some time a good investor creates wealth due to his patience. It is probably the finest quality to have. A good investor has faith in his plans.
They usually do not feel bad about the 10% downtick; they would rather sit tight to celebrate the 100% uptick.
They are persistent about sticking to the plans. They usually do not get into the buy and sell trends.
Besides utilizing time to the best, a good investor possesses knowledge of the market. He/she understands the position of funds and has researched the company’s investment strategy and philosophy.
You need to know where your money is being utilized. A good investor analyses the growth pattern of the company over the years from genuine sources.
On the accounts of the anticipations and knowledge, a good investor will have a defined plan for exit point as well.
An active learner who is open to making the right choice based on the genuinity of knowledge is a good investor.
A good investor knows the time. They keep an eye on the current scenario in the market. They update their knowledge about market activities and growth.
Having a sound understanding of trends enables the investors to overlook their plans and decide the term of the investment.
Having an understanding of current trends and company market position makes one a good investor. They own their mistakes and learn not to make them again.
The good investor doesn’t need to jump into the trends; he/she just does what is right.