To be the best at anything, you have to work at it. There aren’t a lot of things in life that are offered for free. If they are, there’s likely a gimmick or an element of instant gratification tied to them, as opposed to something that is earned through hard work, drive, and passion.
If you want to be the best at anything, including investing, you have to ask yourself this question: Do you want to be the person accepting advice, unsure of yourself or why you’re accepting it, or the person who’s involved, confident in using it, and even dishing it out? If it’s the latter, which I suspect, then you have to realize that hard work and dedication are the way to go.
Think of it this way: If you want to get into shape, what do you have to do? You have to work out. If you want to get an elite education or specialize in a certain line of work, what do you have to do? You have to study hard. Investing is no different. It takes hard work, a touch of passion, and a big heart to be successful.
When I look back at my 13-plus years of investing and personal finance experience, I am filled with a sense of accomplishment. Don’t get me wrong, I understand that I have to continue to be disciplined and work at it, but I am extremely proud of the knowledge and skills I have acquired and earned over the past 13 years. In fact, so passionate that I feel a sense of obligation to give back: To teach all facets of investing, while challenging myself to learn more each and every day.
So, what sort of things can you do to become more involved in your investments and demonstrate that you have the dedication to become a more successful investor? Well, quite a few come to mind, but here are four ideas to get you started:
Check in on the markets daily.
Make time each week to learn something specific.
Review your investments.
Discuss your investments or ideas.
Remember, this investing isn’t about instant gratification. Passion, coupled with time and experience, breeds confidence and results. It’s all there for the taking.