How to be a Great Investor
The Mindset that an Investor needs to possess
1) The Excitement of an Entrepreneur setting up his dream Enterprise is very high in the beginning
2) It’ll be smooth sailing as the Entrepreneur is madly in love with his exciting and innovative ideas.
3) But then there’s the inevitable loads of paperwork to overcome and figuring out how to solve the challenges that will arise during the early stages.
4) Chances are, it’ll be years before the ‘Dip’ is over and the Entrepreneur is comfortably running a successful business.
5) Sometimes the ‘Dip’ can be purposefully built-in to a process as a way of finding out who the most dedicated and hardworking people are.
6) This helps the Entrepreneur to constitute a Dream Team
7) ‘Dip’ is a term / concept manufactured by renowned Author Seth Godin
8) The beauty of this concept is in how perfectly it fits into the investing landscape
9) We all know that in modern investing we cannot ignore the market
10) And Markets by nature test our patience
11) Many investors cannot handle the volatile nature of markets and flee from the scene
12) They are losers because opportunity does not know on your door twice
13) Market Volatility is nothing but the ‘Dip’; the testing times that one needs to deal with Patience and Perseverance
14) But most importantly Conviction and Trust on the Financial Coach
15) ‘Dip’ is the moment of truth the tests the investors character
16) ‘Dip’ can be an intense period of Market Volatility.
17) ‘Dip’ can be a Bull Market that has run up against expectation
18) ‘Dip’ can be a delayed Market Correction or a delayed Market Run Up
19) A vast majority of investors who at the start of the investment journey claim to posses patience and perseverance needed to tide over the temporary setbacks experience a complete break down when the even actually occurs
20) Therefore, they are unable to deal with the ‘Dip’ that precedes a rewarding compounding phase
21) One needs to understand that before success both in life and in investing, one invariably will experience a ‘Dip’
22) Dealing with the ‘Dip’ is actually the secret of every success
I rest my case