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Comments Off on Investment for Beginners: The Dos and Don’ts of Investing

Investment for Beginners: The Dos and Don’ts of Investing

| Entreprenuer, Finance, Investor Guide, Uncategorized | August 21, 2015

With money in your pocket and dreams of doubling, tripling or quadrupling whatever you have could be a dream that makes you walk around seeing only dollar signs everywhere you go. Reading stories about the likes of Warren Buffet, J. Paul Getty and others could heighten that state but here is a reality check; they have come a long way, you are just getting started. Investment is a game soaked in passion and obsession built on resilience, persistence and shrewdness. Amongst these three qualities, the vaguest of them – shrewdness; comes first. It would amaze you to learn how shrewd every successful investor has been to get to where they are today.

Without much ado, I give you the fundamental do’s and don’ts of investing and I hope this would be the beginning of knowledge as you venture into investing or seek to turn around your fortunes if you are in the business already.

THE DOs

Carry out sufficient research

How much research is enough? There is hardly enough research that can be done on any field except what you’re supposed to be researching on is your original creation and has never been attempted. In investing, every stock has a company behind it, so in your own best interest, research the company with whatever (legal) means you have; to make sure you are putting your hard earned money in the right place. The same goes for getting a financial advisor. Do your research thoroughly.

Diversify your investments

Have you heard or read a quote from Warren Buffet claiming those who diversify obviously do not know what they are doing? To a novice investor, diversification of investments mean a large portfolio of investments but actually it means investing in different sectors so you don’t have a whole lot in one single sector. Diversification helps investors to not be over-dependent on one sector.

Pay very close attention to the costs

To prevent a meltdown especially while having high hopes and excitement, you have to pay close attention to the cost associated with every possible investment before making a decision. Commissions, expense ratios and advisor fees, all bite into your into profit earnings and if not checked could take up a large fraction of your earnings.

Have a savings account

While this might come with minute interests, investments are for a long period of time (ideally for over 10 years) so you would need something to fall back on. This is where a savings account comes in handy. You might need to have separate accounts for different needs but the bottomline is; have a separate account.

THE DON’Ts

You must not be led by emotion

Investing should be done on ONE fact only; data. Emotions could be your bane; negative or positive. Negative emotions like fear could spell doom for an investor while positive emotions like love could be as fatal as fear. Keep both emotions at bay as you don’t need either in large doses. You only need the right data.

Do not wait

Simple. You can’t afford to give money up to procrastination.

Do not try to place the market on a stopwatch.

You can’t just time the market so don’t even try to. Any attempt to do so, would only amount to self-deceit.

Conclusion 

Armed with these nuggets of investing wisdom, you will go from being a speculator to a seasoned investor.

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Comments Off on Slum To Palace: The Story of Blippar CEO Ambarish Mitra

Slum To Palace: The Story of Blippar CEO Ambarish Mitra

| Entreprenuer, Finance, Investor Guide, Uncategorized | August 19, 2015

His story is one we all love to hear, one that millions maybe even billions dream about. A story of going from nothing to something, from the slum to the palace. That’s the story Ambarish Mitra; in 1997 he was a teenager from a middle class family who ran away from home. A heated situation with his father who wanted him to study engineering left him with an option of seeking refuge in the slums which he took. While struggling to survive, he noticed an advert that got his attention and today he is part of an elite few changing the world by the second and being recognised for their ingenious ideas and drive.

We have heard how some of the biggest companies today in the internet business started from the garage in a country like the United States but stories of Ambarish Mitras are fewer than the garages in New York.

Read more… http://read.bi/1E2GvxL

Image credit: blog.blippar.com

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Comments Off on Not Every Investor Is A Good One: Here Are The Qualities Of Successful Ones (Part 2)

Not Every Investor Is A Good One: Here Are The Qualities Of Successful Ones (Part 2)

| Finance, Investor Guide, Uncategorized | August 14, 2015

In the last article, we discussed some qualities that separate successful investors from those that simply make up the numbers. Investment is a beloved game and it is also a way of life to some while to others it is a means to an end. While the latter group look and sound more serious, the few that make up the former are those that hold sway in the world of investment as it is a code they live by, not just means to an end. From the likes of Donald Trump to George Soros who both have different ideologies on investment but the same essence when the fundamentals are placed before them.
In this article, we will consider some other qualities that separate great investors from mere investors. These other qualities are:

Successful investors are persistent

There is no greater risk than putting your money in a dream and watching how it turns out even regardless of pre-calculations and strategy. Most times, events seem to turn out the very way you expect them not to and sticking to your investment strategy then becomes a thing of essence. Mere investors would most likely switch strategy but great ones would stick to theirs; win or lose. While this sounds almost stupid, most successful investors stick to their choice strategy no matter what.

They are disciplined

Hardly any success can be achieved on earth without this quality; discipline. Discipline is an essential component of successful men and to be a successful investor it is an essential commodity. Great investors have been known to be disciplined as it concerns investing rules and principles and they have also been known to place themselves under strict self imposed standards. Discipline is what makes them stick to their strategies and streamline their efforts and choices in spite of which lane the market is taking.

They understand leverage thoroughly

While this might scare an ordinary man or a mere investor, successful investors understand the meaning of leverage and utilize it to the fullest. They understand how to make money by using other people’s money while an average investor would want to use his personal money. Other forms of leverage used by successful financial investors include: creating a great professional team, investing experience or inside information. These make successful investors stand out from the mammoth crowd.

Successful investors thrive on risk

While investing itself is a risk as one delves into the dark expecting to find the light at the end of the tunnel, ignorance is a greater risk. Every experienced investor understands that the investment arena deals with 50-50 chances of success; no more and no less. It never changes; it is always a 50-50 probability of success or failure no matter how much inside scope you have. But while experienced investors invest in a strong risk management system (Hedge), the others go in naked and when it falls through, they are badly hit.

They learn from their mistakes, quickly

You can never become a successful investor without some very serious blunders and miscalculations. But while some get broken by their mistakes, successful investors realize that it is one of the things they need to get better, so they stand up and dust themselves clean. While mere investors perceive mistakes as a disaster, successful ones see it as an opportunity to learn and they do so quickly with no intentions of repeating them.

They create a team of experienced and savvy professional advisors

This is a form of leverage on its own. A very important one at that, and successful investors are known for this while others scurry around going by readings off the hands of pundits and other publications. Great investors have a network of friends who are also professional investors and they share ideas and brainstorm on investment challenges which gives them an edge over lone ranger investors.

Conclusion

The qualities listed in this two-part article help in distinguishing between average and exceptional investors.  At PitchOffice, we aim to ensure that you don’t just invest but do so shrewdly.

 

Image credit : savvybuck.com

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Comments Off on Not Every Investor Is A Good Investor: Here Are The Qualities Of Great Investors (Part 1)

Not Every Investor Is A Good Investor: Here Are The Qualities Of Great Investors (Part 1)

| Investor Guide, Uncategorized | August 14, 2015

True, not every investor is a good investor. There are some who just make up the numbers and the truth is like in every sector, those who make up the numbers are more than those who are actually good investors. Also like in every other sphere of life, talent is not usually enough so a good investor or one who aspires to be has to sacrifice time and learn to climb up the ladder of success.

Here are some qualities of a good investor:

They are passionate about investing

Passion beats talent. Any other day this could be a topic for argument but right here, this is the truth, in black and white. Good, I mean very good investors are often the most successful ones and they see investment as a hobby; a game they love to play. The profits that come after are only a bonus, in the sense that the sense of accomplishment supersedes the thud of money registered in their accounts. They enjoy the whole scenario like it is a game because to them it is; like Roger Federer on a lawn tennis court. It is a beautiful game.

They are learners, not just learners – proactive learners

Good investors are voracious readers and learners. They learn everything about what they do and things far outside their scope then bring everything into play when they are on the field. Like I said before, investment is a game to a good investor. They do their best to keep the euphoria of their past successes at bay even after celebrating so they stay hungry. They know the landscape could change at anytime and they must never be caught napping.

They are patient

Great investors are very patient. Before investing they make calculations and do everything to stick to it unperturbed by the unfolding events. Even when they make calculations for short term yields, they are still ever ready to adapt and re-strategize when things look like they would work out as expected.

They always invest in an exit strategy

They don’t put all their eggs in one basket. They know no matter how experienced you are the market could play a fast one on you so they always make plans in case things go south. In other words, successful investors prepare and calculate for the best in an investment and at the same time prepare for a scenario where things don’t work out as planned.

They are masters of their emotions

No matter what anyone says, almost every human activity is driven by sentiments. So also, the state of the market (surge or decline) is caused by two human emotions; fear and greed. Normal investors are ruled by these emotions but experienced and successful investors know how to control their emotions and even manipulate those of others. They become so good at controlling their emotions that they don’t allow anything influence their choice of investment or methods of investing.

They have laser focus

Another vital quality of a successful investor is they have laser focus. They are usually focused on one investment at a time and they take one step at a time. They never give room for distractions so they are never carried away by anything. They mostly stick to one choice of investments that really interests them so they don’t have their concentration scattered all over the place. Instead they streamline their efforts and focus.

They flow with the trend

One of their greatest strengths is the speed at which they handle the speed of change. They are like chameleons as they move with the tide of the day without batting an eye or stopping to catch their breath. They are conditioned for change and using that change in anyway it comes to better their business endeavours. They don’t complain or rant about things not being the same; they know there will always be change. So they do everything to adapt effortlessly to each and every challenge posed to them by change.

 

At PitchOffice, we want the best for you so be the best!

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