Why? Simple. To earn lots of money which can be at least few hundred percent to thousand percent in few years.
Is it possible. The answer is, of course, YES.
How to make it happens?
Do your homework, then build confidence on your homework, then be patient and let time to evaluate value of your homework.
Do your homework
The homework should based on reliable information and data (such as annual report and quarter report) instead of from newspaper and rumours. Then, acquiring certain general knowledge about the business and the future prospect of the sector via reading relevant articles and information. Finally, compiling all the results and discussion before making final decision of it, that is, buy now, monitor first or proceed to next homework.
Build confidence on your homework
Most of the time, when all people look at your face will strange expression, does it mean something in your face? I think it is not necessary, don't you? However, when more and more people look at your face with a very strange expression, you will start feel the same way and want to go to toilent to wash your face immediately. Even though you are pretty sure that you already fact your fact properly in the morning, so how, the power of majority can make you do a silly thing immediately. Therefore, it is very important for investors to have a very strong confidence about that homework. But, I would like to highlight that over-confidence or denying to admit one's mistakes will be a fatal mistake. In short, all of them are human being weakness.
The weakness of human being is not being imperfect, but trying to being perfect.
Be patient and let time to evaluate value of your homework.
Yes, after doing sufficient homework and if the homework indicates that the investment is worthy for long term investing based on your objective of investment, then do put some money on it and be the first supporter for yourself. Remember, if even you do not believe your homework, who else does?
Lastly, the best way to conquer human being weakness is to accept what it is. That's all for today. More fascinating articles and sharing will be updated from time to time in Xaivier Blog. So, you are welcome to subscribe our feed, look at our sitemap or simply visit our Homepage.
Written by: Xaivier Chia