Average Nigerian: Here are steps to a smooth successful investment journey
Investors who made it in life didn’t just start investing today, their journey started way back because it requires a lot of time and effort develope a working strategy and also learn all in and out of being successful.
Consistency and dedication alongside with patience remains a key part of of every successful investors.
In this post today, we are going to be looking at some tips and keys that should guide investors when investing their funds, we are going to go broad in our discussion today.
1. Understand that this is a journey
Truth be told, to be a successful investor you have to follow a laid down principles and also you should understand that investment is a long ride and not a one-time event as many people sees it.
You have to always comport your self so that you won’t be derailed and also know your destination. You need to ask your self some basic question like will I be retiring in 35 or 20 years time to come?
Will I be retiring when am 60 years of age, how much should be in my bank account at that time? All this question will assist you to have a concrete investment plan.
Know the market and what works
Having full knowledge of the market and also having a sound fundamental knowledge and technical skills, quantitative knowledge are required to be successful in your journey as an investor.
Since the introduction of the Internet, getting access to guides and investment resource is not difficult, most of such can be gotten online from the comfort of your home while connected to the Internet.
To help grow your self to remain at the top, you need to read more investment books written by successful investors thar explains high-level finance ideas.
If you are not well satisfied you can take a few number on paid course online so as to be grounded in modern financial market portfolio diversification, market efficiency and optimization.
After understanding the in and out of the market, then you can come up with a working method or strategy
Thar will guide you
Be willing to learn
Accurately predicting the market is an uphill task, most time you might predict the market to go a particular way and the end result will be depressing,this is compounded by the volatility nature of the market,
but all this should not scare you off as most successful investors passed through same road to be who they are today. All you have to do is to get a paid course if possible, read more and study to be grounded in all aspects of what you do… Investing.
We should all understand that becoming a successful investors is a process that has to be taken gradually.
Get on the right investment path
The level of knowledge you have, access to resources and also your personality and knowledge/experience will be a factor to determine the choice you make .
It is important for an investor not to focus on one investment scheme rather spread your net across to multiple sources.
To start your journey it’s advisable to begin with low-risk diversified portfolios, with this you can grow gradually from experience you gain everyday in your attempt to expand.
Every successful entrepreneurs don’t just acquire the knowledge they possess in a short while rather they gain greater knowledge over time and this help them to take active stance and action in their portfolios.