Do you think you have all the necessary qualities to manage your portfolio? What about the most famous investors? Inspired by some of their quotes, here are 10 Characteristics Successful Investors seem to share. How many have you got?
- Paul Samuelson said: “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” Patience definitely is an important characteristic of successful investors.
- Should you follow the trends or focus on your investment goal? Which one do you think the most famous investors have chosen?
- A great aspect of investing implies risk versus reward. However, if you have a thirst for knowledge you might get wealthier.
- Peter Lynch said: “You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.” Mike explains why cutting down the noise is key when investing.
- One of Mike’s favorite quotes definitely is: “Know what you own, and know why you own it.” (Peter Lynch). This simple sentence can ease your buy & sell decisions.
- Sometimes, investing can be existing. Most of the time, you have to let it be boring in order to benefit from compounding interest. George Soros would agree!
- Warren Buffet has inspired many investors in the last decades. Among his great strengths, we can find the ability to admit that you were wrong.
- Phillip Fisher said: “The stock market is filled with individuals who know the price of everything, but the value of nothing.” Thinking in decades is a trait many wealthy investors share.
- Consistency and discipline can make you accomplish great things. Ben Graham knew that a long time ago!
- It’s difficult to achieve great goals without confidence. This is why we believe in investing with conviction will help you become a better investor.
During the episode, we referred to small-cap companies. Small caps are in for a rollercoaster ride, but can bring a lot of growth to your portfolio! Often overlooked, these companies still tend to outperform large caps. Here are their pros and cons as well as our best picks in the small caps category!
The Dividend Triangle is a concept that Mike invented to describe the foundation of his investment strategy. It consists of three metrics: revenue growth, earnings growth and dividend growth. It can help investors to narrow down their stock research and to find leaders in their market.
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This podcast episode has been provided by Dividend Stocks Rock.