Driven by fear and greed, the stock market can be a cold, hard place for an investor. Endless questions lacking answers leave the majority of people overwhelmed and flustered. Luckily, there have been some smart people along the way who offered timeless investment advice for this ever-changing environment. We love to peek into the minds of the greats to help make us better investors. Here are just a few of our favorite concepts we think are valuable to any investor.
This quote transcends investing and is applicable to all areas of life. If you want better results the number one thing to do is invest in yourself!
Investor psychology has a way of leading people the wrong way. This quote is pretty self-explanatory. When people are euphoric and over-confident, be more cautious, when people are running away from the market, be more opportunistic. You don’t need to follow the crowd if you believe in your process and investments.
The most underutilized investment tool is saving - not just saving into a bank account, but saving to invest. Force yourself to save first and reduce spending on trivial items. The earlier you start and more consistent you are, the easier it will be to reach your goals.
This comes back to investing in yourself. Often the people speculating are those who are too lazy to do the work. Make sure you research and continue to educate yourself in the areas you wish to invest. Remember: research is much more than listening to popular opinion. Don’t gamble your savings away!
The stock market can be an unpredictable place - it’s no wonder it drives people insane. We feel it’s important to learn from the ones that came before us in order to be the best we can be. Valuable insights from our favorite leaders can help humble and enlighten us, as well as inspire new ways of thinking.