5 PROVEN WAYS TO BECOME A SUCCESSFUL INVESTOR

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 Guide on How to be The Successful Investor




Investing can be an exiting way to grow your financial assets. Although figuring out economic trends to make investment decisions can seem difficult, anyone can become an investor with enough practice, confidence and willingness to take risks.

The most successful investors were not made in a day. Learning the ins and outs of the financial world and your personality as an investor takes time and patience, not to mention trial and error.

Below are some of the proven ways to becoming a successful investor...

#1. Prepare your mindset

Getting rich  begins with the right mindset, the right words and the right plan. The first step for anyone wanting to become an investor is to first get in the right mindset. Most financial advisors often skip this basic investment advice without knowing that this single tip is the difference between the successful investors and the average investors. Before you start investing your money, whether in stocks, real estate, commodities, bonds or whatsoever; you must first answer an important question which is: Why do you want to become an investor? The answer to this question is the foundation on which you can begin preparing your investing mindset. Your reason for investing is a determining factor for success or failure, so it's advisable to start investing for the right reasons. Don't become an investor because you are interested in learning how to become a millionaire fast. 

#2. Know what works in the market

Read books or take an investment course that deals with modern financial ideas. Investing is a combination of science(financial fundamentals) and art(qualitative factors). The scientific aspect of finance is a solid place to start and should not be ignored. If science is not your strong suit, don't fret. Once you know what works in the market, you can come up with simple rules that work for you.

#3. Decide where you want to invest

After you research the financial market, make a plan for how and where you want to invest. For any fund, you'll need to consider the rate of return in relation to your investment, how long you'll want to keep your funds in the account and any financial fees for withdrawing or moving funds. 
Here are some of the main options for retail investors:
  • Mutual funds
  • Real Estate 
  • Individual Retirement fund
  • Stocks
  • Bonds
  • Cryptocurrency

#4. Be willing to learn

The market is hard to predict, but one thing is certain, it will be volatile. Learning to be a successful investor is a gradual process and the investment journey is typically a long one. At times, the market will prove you wrong. Acknowledge that and learn from your mistakes. Whether you are just getting started or want to improve your skills, check out the beginners investment or main investment site where we have dozens of online course for every kind of investor.

#5. Start investing

Business and financial intelligence are not picked up within the four walls of school. You pick them up on the streets. In school, you are taught how to manage other people's money. On the streets you are taught how to make money. This is the stage where you put your money to work. This is where you take your baby steps. Just as you cannot learn how to start a business by reading a book, the same goes with investing. You have to take action for you to see any real result. When you get to this point, you will definitely be filled with fear and excitement but don't panic. Remember that you are not investing for only money at this stage; you are investing also for education and some real life experience.

In Conclusion...

Investing is a game and money is how we keep score of our successes or failures. Follow these steps diligently and I will see you at the top.


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Written by: Antony Moturi


DJ | Social Media Specialist | Online Marketer | Content Creator | Sound Engineer

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