Thursday, February 12, 2009

Six Habits of Highly Successful Investor

I came across an article published in out local magazine, MIRROR. I just want to share this. The Six habits of A highly Successful Investor.

1. Save and invest regularly. The one-two punch of regular savings and continuous investment is the primary driver of wealth around. And if you invest regularly even with modest sums-you can earn your fortune over time.

2. Spread your money around. It is still true that diversification will reduce the volatility in your portfolio, smooth out your investment gains, help you sleep at night, and keep you in the game through good periods and bad.

3. Keep track of your performance. It's the only way to go so you can make adjustments whenever necessary.

4.Put down your thinking on paper. Record the rationale behind your investments, reviewing your results regularly, and modifying your approach intelligently overtime, that's the best and safest way to build lasting wealth.

5. Find and follow great investing mentors. One can "borrow" time-tested principles the great investors have used for their own purposes, and be the better for it.

6. Have fun. One should thoroughly enjoy business and investing. Enjoyment brings with it, and superior, as well.

sources: from www.moneyinstructor.com

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