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Seven Habits of Highly Effective Investors

The document outlines seven effective habits for investors, emphasizing the importance of time, patience, and risk management in achieving investment success. It highlights the need to accept market volatility and to save more as foundational practices. Additionally, it advises against being swayed by external opinions and stresses the significance of thoughtful analysis in decision-making.

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Sivakumar Ravichandran
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22 views1 page

Seven Habits of Highly Effective Investors

The document outlines seven effective habits for investors, emphasizing the importance of time, patience, and risk management in achieving investment success. It highlights the need to accept market volatility and to save more as foundational practices. Additionally, it advises against being swayed by external opinions and stresses the significance of thoughtful analysis in decision-making.

Uploaded by

Sivakumar Ravichandran
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Investing Perspectives:

Seven Habits of Highly Effective Investors


Over thirty years ago, the book “
People

Investing may be seen in a similar light — establishing certain

Here are seven practices that can serve investors well:


1. Recognize that time is one of your greatest assets. The
odds of investing success fall in your favour when you combine a

Even average returns, compounded over a long period of time,


5. Stop listening to the noise. Everyone has an opinion on

2. Accept that markets are inherently volatile. Volatility is what At the end of the day, thoughtful analysis should drive decision-
allows equities to be one of the greatest generators of returns
6. Save more. Saving is one of the cornerstones of building
muted for most of this year, recognize that it is a permanent

incredible up periods, such as the one we have experienced this that an investor can control — unlike the many others which we
cannot, such as stock market performance, interest rates or the
3. Maintain patience, through good times and bad.
Participation, by having the patience to see through the inevitable We
are here to provide support at every stage of the investment
Successful investing often involves the patience to overcome journey to help you achieve your goals, and this can extend
many short-term setbacks in order to enjoy longer-term
discipline, through saving or investing, or to enhance total
4. Don’t abandon risk controls. When equity markets are rising, wealth management, through retirement-planning, tax-planning
it may be easy to get caught up in the excitement and forget that
various guidelines have been established to control risk within a

certain asset mix, limiting the size of any holding and maintaining

caught in the prevailing momentum by identifying potential risks

MAILI WONG, CFA, CFP, FEA

Executive Vice-President and Senior Portfolio Manager


778-655-2410 | [email protected]
www.thewonggroup.ca

WELL I NGT O N-ALT US P RIV ATE W EA L TH IN VE STM ENT I NS IGH T |

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