There are 7 habits that highly effective investors engage in regularly that separate themselves from the thundering sheep herd. These 7 habits, in fact, often lead to highly effective investors acting very differently from the average investor not because he or she believes in contrarian investing, but because the highly effective investor utilizes information that the average investor does not consider in making his or her investment decisions. It is not the behavior that makes someone a highly effective investor, but it is the information a highly effective investor uncovers that makes his or her investing behavior drastically different.
These 7 habits are what drive the behavior of highly effective investors:
(1)Learn how to invest for yourself instead of handing your money to someone else to invest.
Self-reliance is the best way to ensure that no one is selling you the highest fee or commission products or worse, stealing from your account or incompetently managing your account (which is almost the same as stealing).
(2)Incorporate buy and sell rules that you do not waver from.
In investing, unlike relationships, emotion and hope are both...