Friday, February 15, 2013

The Million Dollar Answer

      For many people in the investing world, it usually takes hard work and intelligence to get into the investing field. But standing out in it is harder then that. In order to stand out you need something that they don't teach you in business school. It's something you have to figure out on your own. Investing takes hours of concentration and detailed measurements in order to come out on top, and everyone says you have to think ahead of the market. Well the chances are that you might get a lot of measurements wrong if you keep thinking ahead. The future is hard to predict and I'm not saying its impossible, but you'll definitly get some predictions wrong, staying with the worlds markets is already hard enough. Answering the question of how to stand out in the investing world is hard. But there's a word that could be the answer to the million dollar question. The million dollar answer is persistence. Everyone knows  what it takes to be successful, the hard work, time commitment and a will to focus for long periods of time. The toughest part of being successful is constantly following through with doing all of this. The work time commitment and will to focus is what is needed to be successful  but it's the persistence that really gets you successful. Like new years resolutions, people might make the goals to lose weight and the gym might be busy for the first couple of months but that isn't persistence. Persistence is not only following through with your goal but constantly raising it and constantly working for it at a daily basis. That new years resolution to lose weight should be achieved and then make the goal to keep your weight where it is by going to the gym on a daily basis. And revisit that goal the next new years. Very few can truly follow through with that.
        So to be a great investor it obviously takes hard work and time commitment but others have a natural talent at investing, I know that sounds hard to believe but it's true. They might end up being good investors but its really being persistent that gets you success. Making a goal getting to it, then making the next. Invest With Care.

No comments:

Post a Comment