Becoming a great investor has many benefits. Each and every person may have their own reasons for becoming a great investor. My reason is that I want financial freedom - I want to never have to work a job that I don't want to do for the sole reason of providing for myself or my family.
The dream life to me is one where I can be creative all day long, not worry about money, and be able to afford the things that I want in life but don't necessarily need.
To do this I either need to win the lottery or I need to become a great investor who can leverage the capital that I have in order to earn my "paycheck" each month from my investments.
And there you have the first step in becoming a great investor: figure out why you want to be a great investor. Motives are deeply important.
The second step is to study history. Studying history will help you identify patterns and investments in the present moment. Knowledge is power as the old saying goes. Those who read, listen and learn the most are the ones who will make it in investing. Just look at someone like Warren Buffet - he constantly proclaims that 90% of what he does is read and learn about companies so that he can continue to identify ones that work.
The third step is to study people. Studying people like Warren Buffet will have a similar effect to studying history. You'll be able to get a glimpse into the mind of someone who's done what you want to do. You'll be able to identify investments far better.
The fourth step is to learn by doing. Investing has a lot to do with practice and time in the game. Brand new investors are the ones who tend to lose their capital the fastest for a reason. In my opinion, your investments should always be analyzed for lessons. There's always something to learn in investing.
The fifth and final step (for the purposes of this post) is to have fun with it. Nothing in life is worth pursuing if it isn't enjoyable in it's pursuit. I hate doing things that I don't like doing and I know that others are the same.
Find what you love and pursue it in a way that makes you feel fulfilled. That's all I can hope to do in this journey called life.
Its actually inspiring. But reality is, its not as easy as it seems. Sometimes, you fall, you'll have to pick yourself up and up again. Investors and Entrepreneurs most times don't make it at their first ventures. The key is to not give up. Cheers.
Oh of course it's hard!! That's what makes it worth pursuing! I agree, most investors will not make it their first go nor even their second, third or fourth... Like anything that is challenging it takes time, patience and thick skin to grow and learn
haha that would be great thecappedvillain!!! Keep up with my posts and I'm sure you'll get a sense of how I think and how I operate. That's what I love about steem, it connects all of us together!!!
Yeah. Very inspiring of you. I'll like to take you as a mentor, if you don't mind :)
Amazing post man!
I am admirer of your post!!😍Hey @triptolemus
Can you help me?? Man..
Please take a look on my post also.
https://steemit.com/utopian-io/@hadim123/beautiful-nature-respect-and-protect-it
Thank you!!! I will take a look at your post as well!!
Knowing your purpose,
History,
Study people and last
Doing it with pleasure.
Is all what a good inventor need to have!
@triptolemus. It looks like a simple task! Good post! @aasanka
study people and do something that you love!! learn everything you can about it because knowledge does = power!!
I totally agree paparodin!!! If it were easy to become great at anything than everyone would be great and the very definition of great would then escalate!!
In before "BUT IF IT WERE THIS EASY EVERYONE WOULD DO IT!!!!!" responses invade.
it was really interesting information love your blog I will wait for your next post love it
Thank you!! I'll make sure to keep the posts coming!!
I really liked your article, very useful
Thank you! I'm glad you found some useful info in there!!
Stay tuned for another post on how to become a better investor! I may have to start a series on this topic!!
I would even add another step, that being, to (help) do good.
That’s at least one of the main reasons why I’m starting this new venture.
Check for more info @ https://steemit.com/blockchain/@tcpaconsultancy/are-you-interested-in-investing-in-a-new-startup