Recently, I am reading a book called "The Coaching Habit - Say Less, Ask More & Change The Way You Lead Forever", by Michael Bungay Stanier. It's quite a good read and giving me a different angle of coaching.
I am almost done with the book and learnt a couple of critical questions to ask when we are performing the role of coaching (whether in work or personal life). This also set me thinking : what should be the correct habits of Retail Investors? What if I changed the title to :
"The Retail Investors Habits - XX Less, YY More & Change The Way You Invest Forever"
What would be the XX and YY?
Of course, I don't have the perfect answers for this, even if I have, different retail investors might view it differently. Having said that, I don't mind giving my personal thought, here will be my humble answers and why :
"The Retail Investors Habits - TRADE Less, INVEST More & Change The Way You Invest Forever"
By Trading I meant "timing the market" by following market movement (I know a couple of my TA friends will not buy it) and Investing I meant "time in the market" by invest for longer term (FA friends will agree more with me on this).
What about you? What is your BLUE and RED pills?
Cheers!
Hmm... Less Analyzing. More Investing - CW8888. hee hee :-)
ReplyDelete"The Retail Investors Habits - ANALYZE Less, INVEST More & Change The Way You Invest Forever"
You said leh! LOL!
CW8888 : I said very true, all talk (analyzing) no action (real investing) equal to nothing :-)
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