What does it take to be a GOOD investor? #investingskills

10K views Jan 6, 2023

Have you ever wondered what does it take to be a good investor? This is the most competitive game on earth. If you want to be a good investor, here are the top 6 investing skills. A) Super smart investor It's not easy. It's not supposed to be easy. If you're going to have a superior performance, you need superior judgment. Knowing when you know something that others don't. And knowing when something is likely to be valid. Reaching conclusions based on your analysis. B) Highly competitive Most traders are mind gamers such as Chess or Backgammon. Judgement is all we have when we should decide whether to give in or not. Who are your competitors? In other words, who are the buyers & sellers? What motivates them and what will they do? Knowing this, you can calculate which asset is likely to do well in the future. Every buyer has patterns. Some will buy something after they've gone up because they think it's a better investment. They will get scared when it goes down. For instance, a typical pension fund will buy more assets when the market goes down because they need to rebalance their portfolio in a mechanical way. On the other hand, if a stock is going public, then the owners have a window closing for them to sell it and therefore they're going to be squeezed to sell it for cash. Who are the biggest players? Smallest ones? What are they motivated to do? C) Very analytical

#Business Finance
#Financial Planning & Management
#Investing
#Socially Responsible Investing