Do you know more than 95% investors fail to create wealth for themselves or find it difficult to reach their financial goals?
Why?
They cannot control their behaviour. It means that they fall prey to their own emotions. They do everything that an investor should not be doing. Here are some of them:
- Don’t have any goals
- No plan, random last minute action such as for tax savings
- Copy friends and family
- Take advice from popular news media
- Falling for highest returns
In short, they just lack the discipline to be an investor.
What is discipline after all? Discipline is about behaviour. It is about awareness, alertness and action, in that order.
Discipline is paramount in every walk of life and you too, as an investor, cannot remain immune to it.
