Friday, December 18, 2015

Are you a good investor?

When we start anything we get self doubt, anxiety and stressed out. We need to know whether we are doing it right. That is why we constantly pester our friends, classmates and whoever willing to hear us. Now a days we go to various blogs and check if we are doing it right. If we are able to do something better than others then we go to blogs and Facebook to tell everyone that we are doing fine. We increase our happiness by sharing also reduce sorrows by sharing. We get more happy by comparing others also we feel miserable by comparing others. If our friend able to get a 30 percent return on stock and you get 25 percent then you spend several days without sleep. These things happen since we do not have a per-conceived investment plan.

First of all we have to define what is good investor means. Warren Buffet is a good investor. So is George Soros and many more people. So do you compare with them and worry if you are not doing as well as them.

I remember one of my friends written a quote sometime back. the quote is about success.

"People define success in many ways. But real success is the one that gives satisfaction and pleasure when achieved. So it is paramount to ascertain first what success means to you." Arockiam J

Same with investing. You have to first define what is investing success means to you.Will you consider yourself if you make a million per year? Will you be happy if you make an annualized return of 13 percent? So if you have an achievable target in mind you would not be worried about what others are making. You will work towards your target. 

Also one investment or one trade will not tell you if you are a good investor or bad investor.

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