4 Secrets of Successful Investors!

Over the years, I realized that as we embark on any investment journey, it is best to have the following in order or to be continuously in order so that we could boost our chances of becoming successful investors.

The sharing below is not meant to be exhaustive, but it encapsulates my general observations.

Good Career or Business

A good career in a growing industry or running a successful business.  

I will share some perspectives on career since I am an employee.

A good career does not guarantee future success. We have to manoeuvre the corporate jungle well in order to achieve work satisfaction and climbing the corporate ladder at the same time.

I have seen people with strong technical skill but going nowhere in terms of career position, those that climb up fast are basically people with strong technical and good soft skill. 

Both technical skill and soft skill can definitely be enhanced over time. Taking up extra course even if it is at our own expenses and read articles on the industry or work that we are involved in. The more we read, the more we learn, the more resourceful we become and the more value we could add to our employers.

Soft skill such as presentation and interpersonal skill could be enhanced over time.

What is an employee’s ultimate objective then?

A well-rounded employee that is promotable to the next level, promotion comes with higher remuneration and more ‘bullets’ to deploy for investment!

Good Life

Good life means a discipline life instead of a messy one.

I do have friends who are not well-organised and their daily routines are unpredictable. They abuse alcohol and sleep late. These routines are perfectly legal, but it might affect the optimal functioning of one’s brain and thought process.

Inadequate sleep might lead to bad investment decision.

A well-organised life should propel us to greater height in the long run!

Good Relationship with Friends and Family

I observed that some of the successful investors are likely to be the one that have cultivated good relationship with people around him or her.

This lead to happiness and happy investors are likely to achieve success!

Good Emotion

I have observed that some of the successful investors that I know seem to have good emotion management. They don’t simply shout and go berserk. They are composed, calm and steady person.

I do know someone who always go berserk and guess what?

She has been losing money on her equity investment and she tend to complain when the share price drop. Unstable emotion could cloud an investor’s judgment.

Ultimately, do build a good career, maintain a discipline life, cultivate good relationship and aim for good emotion management. These 4 factors are likely propel us to greater height!