MICHEL PIREU: Rule number one for becoming an investor: ‘Man, know thyself’
There are four key questions to ask and seven traits shared by great investors to ponder
There are questions novice investors need to ask themselves, from what they believe to whether they have what it takes. How do I want to invest? "Investing without considering your values is like having the fastest boat in the middle of the Pacific Ocean with no set destination," says Nick Maggiulli at Cornerstone Research. "No matter how fast you go, you will always feel lost.… "Find what you value in life, then tailor it to your portfolio." If maximising wealth at any cost is your objective, so be it. It’s probably what most investors want. But nowadays, precisely slicing and dicing data to create customised investment portfolios that fit your beliefs, values and preferences is an easy ask of technology. So, instead of settling for the obvious, why not ask yourself: ‘What more do I want from my investments?’ "Don’t let the noise of others’ opinions drown out your own inner voice," advised Steve Jobs. "Have the courage to follow your heart and intuition. They somehow already know w...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.