The tough-minded investor has a lot to commend him or her. They tend to be people with nerves of steel and a high level of risk tolerance. They also tend to be investors who know exactly what their financial goals are and pursue them relentlessly until they’re reached.
So what can we learn from tough minded investors? Discipline may be the most important lesson tough-minded investors can teach beginning investors.
Tough-minded investors have taken the time to create a financial plan and clearly outline their financial objectives. These investors deal tend to deal only with the best financial experts possible, but still keep control of their investments and make sure that anything they invest in is a step toward fulfilling their ultimate financial goals.
Investors who are tough minded are not investors who take risks for the fun of it. They may take part in high-risk investments, but only because they firmly believe the return will outweigh the risk involved. And any risk they take is for the purpose of reaching a goal.
Here again, tough-minded investors have the discipline to ride out the ups and downs an investment may have. They are in the investment game for the long haul and are willing to stick with an investment until the time is right to move on to another investment.
Tough-minded investors also take the time to educate themselves about all types of investment opportunities. They learn the strategies needed to make investments pay off.
More important, they go to the trouble to find out which investments are most likely to help them reach their financial goals quickly and efficiently. Because at the end of the day, what separates tough minded investors from everyone else is their knowledge and discipline—not their bank accounts.
Source: Global Investment Institute Tags: Investor, Investment, Tough-Minded, Discipline, Financial Objectives
So what can we learn from tough minded investors? Discipline may be the most important lesson tough-minded investors can teach beginning investors.
Tough-minded investors have taken the time to create a financial plan and clearly outline their financial objectives. These investors deal tend to deal only with the best financial experts possible, but still keep control of their investments and make sure that anything they invest in is a step toward fulfilling their ultimate financial goals.
Investors who are tough minded are not investors who take risks for the fun of it. They may take part in high-risk investments, but only because they firmly believe the return will outweigh the risk involved. And any risk they take is for the purpose of reaching a goal.
Here again, tough-minded investors have the discipline to ride out the ups and downs an investment may have. They are in the investment game for the long haul and are willing to stick with an investment until the time is right to move on to another investment.
Tough-minded investors also take the time to educate themselves about all types of investment opportunities. They learn the strategies needed to make investments pay off.
More important, they go to the trouble to find out which investments are most likely to help them reach their financial goals quickly and efficiently. Because at the end of the day, what separates tough minded investors from everyone else is their knowledge and discipline—not their bank accounts.
Source: Global Investment Institute Tags: Investor, Investment, Tough-Minded, Discipline, Financial Objectives
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→Secrets of the Tough Minded Investor
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