Advice to a first time investor

Investing is an art. And like any art you need to learn the fundamentals and then practice, practice and practice. Like any art you will not see the results quickly. There will be plateau as you learn. You have to persist through those plateaus. Like any art you need to correctly identify that you need to master…the basic elements. Then you engage in something called deliberate practice which is entering in discomfort zone every day to learn something new. Mere mindless repetition is not going to help you reach your goals. While you are progressing well as student apprentice of this craft you also need to start asserting your own style of investing based on your temperament and value system. For that you may experiment with few styles and zero on one or two most suitable. You may also mix and match different styles. The ultimately you will reach a stage when you look at data you quickly get the big picture and the most relevant facts just pop out as if 3 D movie. Even then the journey is not over. Investing involves numbers, accountancy, human psychology, managing emotions, strategies etc. I have few relatives who are still investing in their 90s and they still cannot figure it out all. That is the source of their fascination for this wonderful craft else why would they spend so much energy at their twilight hours? The journey never ends…

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