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Treat Investing Like Your Workout Regime
Consistency is the most important factor that determines investing success
Becoming a successful investor takes some luck, but more than anything it takes persistence. Think of investing like a workout: you build your strength and fitness incrementally, learning the right techniques and developing a rhythm as you train.
Some are blessed with good genetics or a lucky stock pick, but every one of us, if we persist, will get the right results.
When you start out investing, you will see your money fluctuate and wonder if you should have simply taken that cash and spent it on some lifestyle purchases. The key is to develop the right mindset so you can push through the ups and downs and build a solid portfolio that will deliver for you into the future.
Just like training in the gym, investing requires consistency, perseverance, and constant learning. Sometimes you need to adjust your approach or experiment with something new. While it can seem overwhelming at first, eventually it will get easier, and as you start seeing real results, you will look forward to putting money aside and deciding how best to put it work.
Investing is no different to working out. Below are seven steps you can take to go from a complete newbie to a…
