And it is not necessarily because of the market conditions or macro economic factors. Rather, investors’ irrational behaviour and their habits are largely responsible for not letting them become successful wealth creators. That said, wealth creation is not a rocket science which needs special skills, expertise or sophistication.
Rather, simple investment-related measures and goal-focused thought processes are the factors required to be a successful investor. These are possible when one has good investment habits and practically realistic perceptions about wealth creation. Given below are five habits, if adhered to, can help investors reach their financial goals in a systematic and effortless manner.
1) Wealth Creation is Long-Drawn Process - First and foremost, investors should acknowledge the fact that wealth creation is a systematic process wherein investment takes time to bear fruits. In other words, wealth creation is not a gambling exercise to make quick money; instead it is a long-drawn process and one should be mentally prepared for the same. Else, large expectations within a short span may disappoint investors leading to the end of their wealth creation journey even before it takes off.
This story is from the December 04, 2023 edition of Dalal Street Investment Journal.
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This story is from the December 04, 2023 edition of Dalal Street Investment Journal.
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