When you think about what it takes to become a better investor, what do you imagine? Are you envisioning some big secret strategy or a hot stock tip that pushes you to another level?
The truth is you might not need any major changes. Often it’s just a mentality or a personality trait that can lead you to the results you hope for. Let’s take highly-intelligent people for example. When you think about the characteristics they possess that separate them from everyone else, many of those can be replicated by everyone. It just takes the ability to remain disciplined.
On this episode of The Retirement Huddle, let’s talk about what it takes to invest like a genius. How can we take those intelligence traits and apply them to financial planning to produce better results?
Mark Howard will explain why being highly-adaptable, acknowledging what you don’t know, and being willing to learn from other people’s experiences can give you a leg up on investing. It might not seem like a major revelation, but consistently doing these things will improve you as a person and an investor.
Thanks for listening to this episode. We’ll be back for another show every other Thursday.
[1:01] – 1st characteristic: highly-adaptable
[4:11] – Know when to hold them, know when to fold them.
[4:38] – 2nd characteristic: they acknowledge when they don’t know.
[7:03] – 3rd characteristic: willing to learn from others.
[9:32] – Be proactive with your financial plan.