Investing is like crafting your own toolbox, car, bank accounts, and or bookshelves we have at our homes for quick resource's. Using analogies are great examples to evaluate and prove to what you are talking about and they are simple methods that will help you improve, learn to maneuver, and accelerate your craft. When investing you want to keep calm, cool, and collected. That means be aware that you do not want your emotions to get in the way. That is how you will not get yourself out of line. You know how we have been told by our coaches in sports that when you get out of line, you were told to get back in the huddle with the team. Well, the coach said that because the team was also your lifeline for winning the game. Four years of high school track and field taught me discipline, reflexes, how to maneuver and tackle with my goals. For example, when standing ready at the starting line for the 1 mile run or 400-meter dash at the point of the gun fire I quickly know to maneuver with the huddle of runners to allow and maintain pace. When at the last lap of the 1 mile I know to suddenly speed up and accelerate to carry momentum for the final push. This is what investing in the markets is like. Running a mile at 5,280 feet for the best time. When you do not take the time to craft, maintain, and refuel your portfolio and assets it will crash.
Crafting your investments is like taking care of your own body. It is like a temple and you do not want to defile that temple. While exercising health, diet, and hygiene you find out that you are going on a correct and narrow path. The opposite is complacency, boredom, and lethargy as those are wages of sin that are gateways to destruction, catastrophe, and death. To get a piece of the market you must do this one thing. Change your attitude. When you are investing you are recognized as successful, and you are called a winner. Maintain your portfolio accounts just like you maintain your toolbox accessories to car, bike, and whatever you hold and possess. Do not leave room for complacency from some heckler to steal your identity and hard work.
One great aspect about building portfolios is like building your first engine in a car. Keys concepts to portfolio categories are chart patterns of every stock, mutual funds, commodities, or etf’s (electronic transfer funds); symbols and company names like google, apple, Johnson & Johnson, Coca-Cola, and many more. You learn to mingle and play with it because it is yours to handle. Whether you decide to do it yourself or let your broker do it for you it is up to you. But remember whoever loses gets the short end of the stick when boils down to money. Just do your homework and you will not be derailed or steered into the wrong direction.
We have obligations to maintain and keep promises. When you say you are going to do something such as fixing a leaking faucet in the kitchen so you can have running water do it or hire a plumber, negotiate a price and fix the problem. Anything you do every day is either for good or bad investment and that results from choices. For example, organizing a portfolio for easy access gives you a step ahead for the next task. A process where you are ready to start trading once you have money lined up to get active in the markets. And while you are engaged stay proactive by following and getting intel from market experts, analysts, and investors like Bloomberg, Investor’s Business Daily, and Wall street insiders. This will give you their side of the stories, so you have background knowledge.
I am a man of high hopes and there is always room for optimism. Do not let speculation from the public lure you to think that you are going to fail because they just have too many nosy people that like to spread rumors. You must separate and learn to cut ties from them. What I am doing is not easy and it sure requires a lot of attention, vigilance, and deligence. Put all your petty excuses aside and just do it because let me tell you one simple concept. The stock market has no feeling. But it can be controlled. It does not care who you are or what you think about each day. It is a substance of information that floats all over the world through computers made by man.
Investors like John Bogle, Ray Dalio, Peter Lynch, Charles Munger, Warren Buffet, Bill Gates, and Howard Marks advise these simple suggestions. These are…
1. Be adaptable and accepting to the market changes.
2. Pivot and rearrange your asset in a diversified fashion.
3. Sharpen your brain and pay attention to the market and know where your money is going.
Like every innovation and creations in life there is a blessing and a curse. The fear of the unknown is what holds us back. You cannot live in fear everyday and think that its going to appear at your doorstep. The marketing sector requires you to take risks for the bigger gains. It is just like any business owner who takes level of risks to keep their business open because it is also their livelihood. Every business owner knows that there are always levels of risks to be taken everyday because people do not thrive in a depressing economy.
In this book advice and instruction, I have for you is though if you decide to invest rest assured it is cut and dry to understand. Perhaps in many ways this will help get rid of backlogged of information that is not needed to hold on or even then to steer you into the right direction. So, think wisely and move forward with your craft and skillset.