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What Do Successful Investors Have in Common?

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I’ve seen so many people get so passionate about that one stock that I really am so passionate about… and end up never having had the fruits of anything. That’s wasted money. That’s wasted effort. It’s wasted ambitions. It’s wasted hope.

I have never met anybody who has perfect timing. No one is that smart to pick the one out of—one needle out of the haystack. So understanding your emotions, how you respond to the ups and downs of markets in addition to all the other things, it takes almost a Ph.D. to really figure that one out.

There’s one free thing out there you can do and that’s diversify. You can have a number of stocks or investments in your portfolio, not just one, and by having a number you have a much better chance of having wonderful success in your investing career.

Important Disclosures

Information on this site is for general informational purposes only and should not be considered individualized recommendations or personalized investment advice. The type of securities and investment strategies mentioned may not be suitable for everyone. Each investor needs to review a security transaction for his or her own particular situation. All expressions of opinion are subject to change without notice in reaction to shifting market, economic and geo-political conditions.

Diversification strategies do not ensure a profit and do not protect against losses in declining markets.

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