5 Quotes And Characteristics Of Successful Investors (Part 3)

 1. They are focused “The men who have succeeded are men who have chosen one line and stuck to it.” – Andrew Carnegie Successful investors are focused on their investment vehicle. They take it one step at a time; one investment at a time. For instance; Tim Ferris said on his blog that he would rather stick to angel investing than attempt to stock trade because he understands angel investing better.Warren Buffett is focused on stocks, Tim Ferris on angel investing, Jim Rogers on commodities future and Donald Trump on real estate.

2. Successful investors use trend to their advantage “Your greatest and most powerful business survival strategy is going to be the speed at which you handle the speed of change. That speed of change is trend.” – Ajaero Tony Martins 

Another attribute of successful investors is that they know how to use trend to their advantage. Average investors panic over market fluctuations but professional investors welcome these fluctuations because it’s based on these fluctuations that they make their money. Successful investors use trends such as market sentiments, political instability and company’s crisis to their advantage. “Look at market fluctuations as your friend rather than your enemy. Profit from folly rather than participate in it.” – Warren Buffett

3. They are persistent
“When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.” – Henry Ford

Sticking to your investing strategy whether you are winning or losing requires a great deal of persistence. Average investors lack persistence and that’s why they will forever remain average. They jump from one strategy to another and are always looking for the next hot tip. “Most people give up just when they are about to achieve success. They quit on one yard line. They give up the at last minute of the game one foot from a winning touch down.” – Henry Ross Perot

4. They thrive on risk
“Risk comes from not knowing what you are doing.” – Warren Buffett 

Investing is a risk but not knowing what you are doing is a greater risk. Every professional investor, whether on the winning or losing side still respect the 50-50 probability of success or failure. A major difference between a professional investor and an average investor is that a professional investor will always invest with a strong risk management system in place. Have you ever heard of the word “Hedge?”

“Seek advice on risk from the wealthy who still take risks, not friends who dare nothing more than a football bet.” – J. Paul Getty

5. Successful investors are disciplined

Successful investors are strict with themselves when it comes to investing.
Aside their investing rules and principles, they are still guided by a strong self imposed standard.
Professional investors know that it takes a great deal of discipline to stick to your investing strategies despite distractions from self proclaimed investment pundits.

“My two rules of investing: Rule one – never lose money. Rule two – never forget rule one.” – Warren Buffett

  I want to state categorically that becoming a successful investor is within your reach. Just model the masters of the game and you will see yourself improving.

Read Part 1 Here

8 Ways To Profits In Farming And Other Businesses

1. The first thing you need if you want to be successful in farming is to have passion in the business. 

2. Integrity is something that is very vital that you must have in any business, you cannot buy integrity in market but can build it up by yourself.

3. Personal Accountability: After doing all the work with customer A and Z, You must do proper accounting for the work done. Personal accountability to yourself and family. You have to save money, no matter how small your farming business is, you can open business saving account or do daily or monthly contribution.once you are accountable, it will grow in no time.

4. Develop the attitude of resilience, ruggedness and patience, in this sense, it means if you fail in one business you must rise again and start or do it better and you will succeed.

5. Pay more attention to sourcing and sharing knowledge, getting knowledge is something that does not end any time, if you have problems on your farm, never hesitate in sharing your success or  failure with other farmers, so they also can learn.

6. Try to open the door for someone behind you, This means, carry others along or say help others also. No candle will loose it's light when lighting others, never stop to impact by sharing experiences, caring and helping out others in similar business, this is a major way life can be more meaningful.

7. Start small, If capital is little: not until you have billions of money before you can start Farming business, you can start from small and grow big, some start poultry business with just about 15 broiler chickens.

8. Buy business materials, books, etc and read : one of my lecturer in schools will come to class and say do you know when I wrote this book, we will say no and he will say when you people are busy sleeping in the  night. Great men achieved great things working over the night while others were asleep. Start a business with passion, honesty and integrity. Some people can start  a business with 1 million naira and get a negative result and another person can start business with #10,000 and if people know you to be trustworthy, you will go far and grow rapidly in the business. Integrity is key, this is something that you cannot buy in life, but you will build it yourself. All the Best and Have a nice day.