Achieving financial success would be awesome if there weren’t any risks involved. Unfortunately, there are many risks that can be hazardous to our future financial success.
We all want our returns quickly. We all want to earn money as soon as possible. We all want to find a get-rich-quick scheme. Having so many distractions, it’s no wonder that most investors fail to manage their investment portfolios.
Creating your investment portfolio for the long term doesn’t sound that hard, does it? Except for the fact that most investors fail to do so. They lack self-discipline and patience to invest successfully in the long run.
As society indicates wealth to be a person's success, why not learn life lessons from the ones that have been there - yes, we're talking about millionaires.
If someone offered you a get-rich-quick scheme for a million dollars, you would be willing to leave everything behind in its pursuit, won’t you?
While it’s good if you are making mistakes in investing and learning from them, but won’t it be better if you could learn the same lessons from other people’s mistakes? So, learn from the important investment lessons that I wish I had learned earlier.
As you are beginning your investing career, there must be a lot of frequently asked questions that are still left answered. So we would like to answer the 5 most frequently asked questions about investments - stock markets to be specific.
Wouldn’t you be fascinated if someone provided you with Get Rich Quick Scheme? For me, that someone wasn’t from my family or my friends, but rather from a movie. Back in Grade 11, I watched The Wolf of Wall Street for the first time (I have watched it four times in total). I was astonished to see such a brilliant display by Leonardo Dicaprio. But even more astonishing was that the movie showed him getting rich within a very short time span.
So, Ready to Kickstart Your Investment Journey With a Bang? Let’s Go Then! Earlier, I had written about How To Invest As Per Your Age Group. But I realized that it would also be great if I could help a new investor start his Career effectively. Even if you have invested before, this article will be fruitful for you. Having discussed Why Should You Invest earlier, it’s time now to tackle the “How?” question.
Despite Classical Economics mentioning human beings as rational thinkers, we have proved it wrong, haven't we? This is particularly true in Investing where many people have shown nothing short of absurdity. This absurdity has brought in a popular concept called Behavioral Investment.