Last week I revealed three of the most important trading habits you'll need to adapt to become a successful trader.
These habits were based on one of the most popular financial books of all time called “The Seven Habits of Highly Effective People”.
It's one book that I like to read and absorb every five years, to apply to my trading and with life.
If you missed it, you... ››› more
Over the weekend I read one of my favourite books of all time.
I'm sure you've read it or at least heard of the legend and late Steven Covey's 'Seven Habits of Highly Effective People'.
To put it briefly, the book is about finding ways to adapt to common traits that are believed to help with any person's success.
Well, every five years I read it again to see how I can relate to and ... ››› more
This is normal for a newbie trader.
You've just gone through a winning streak where you've banked three winners in a row.
At this stage you start to feel like you own the market where you think you've cracked the code to successful trading.
You then decide to bet bigger than you ever have.
Once you enter this frame of mind, you'll see that you can destroy your portfolio very quickl... ››› more
Einstein said it best,
“Insanity is doing the same thing over and over again and expecting different results”
If you've just start trading, then you're excused and you're very lucky to be reading this today.
However, if you've been trading for a number of years and your portfolio is still in the red - it's time to change that.
The truth of the matter is…
To be a successful tra... ››› more
One of the best parts about working for Fleet Street is being able to connect and build relationships with top global investment experts.
These are some of the brightest financial minds who help hundreds of thousands of readers from all over the world build wealth on a consistent basis.
And every single day, I'm fortunate to receive all their best inside information from Agora Financial, M... ››› more
We all have bad habits. The problem is that bad habits can have a serious impact on your well being.
Think about the effects of smoking, if you keep doing it, you'll end up with a respiratory disease that could lead to your early death.
The same applies to your investing. There are certain bad habits that are common to investors. If you don't stop these bad habits, it could destroy your in... ››› more
Do you consider yourself a big spender although your budget doesn't necessarily allow it? If you costantantly find yourself spending more than you had planned and exceeding the budget, then it's time to pause and reflect.
Maybe you don't even realize that you have a spending problem - you just think that money is never enough.
The good news is that there are various ways to discipline yoursel... ››› more
This month is our heritage month! Not many people understand the real meaning behind Heritage Day which we celebrate annually in September.
Well, Heritage Day is a national holiday where all South Africans celebrate their cultural heritage and embrace their diverse traditions and values that contribute to our “rainbow nation”.
To celebrate heritage month, take a look at some of the diver... ››› more
Do you find that you are spending way too much money each month? Do you secretly wish you could be more of a saver than a spender? Perhaps it's time to carefully analyze your spending habits and make some changes.
Lack of financial planning and overspending can put your future in jeopardy. That's why it's important to keep your spending in check and stick to a monthly budget.
Here are five i... ››› more
How many times have you found yourself spending much more than you should? Debt doesn't come all at once, it is built gradually and it is often the result of bad spending habits and overlooked mistakes.
It's time to put a stop to your bad spending habits that lead to debt.
Here are four spending habits you should quit now.
Bad spending habit #1: Spending money you don’t have
When yo... ››› more
To mark National Savings Month, one man is getting in touch with his finances.
At the beginning of July, he took delivery of his salary in R1 coins. He can't use his debit cards, credit cards or any other form of electronic payment. He must pay for everything in R1 coins.
So two weeks into this social experiment, how is he getting on? Let's find out…
A social experiment examining the r... ››› more
Investors are always looking for an easy-to-apply investment strategy. A way of making money that doesn't mean spending weeks on research.
There is one investment strategy that provides you just that. That is: Investing in habits.
So what is ‘investing in habits'? And how can you do it?
Read on to find out…
What is ‘investing in habits’?
One investment strategy almost guarante... ››› more
Being buried in debt is not fun at all. Freeing yourself from debt can be the most exhilarating experience, but it does come with certain sacrifices.
If you find yourself in uncontrollable debt, then you are doing something wrong. Most probably, you are being neglectful of your finances, not taking proper measures to get out of debt as quickly as possible.
Don't expect to bounce back from de... ››› more
Most of you have read or at least heard of Stephen Covey's Seven Habits of Highly Effective People. The book is famed for drawing out the common traits believed responsible for different people's success.
We'll, during a recent South African Investor meeting, I got to hear the property insights and tips from a host of property moguls and experts.
And today, I've combined these views with my ... ››› more
When it comes to investing, there are some things that you can do to help you achieve investment success. By adhering to some time-tested strategies, overtime your portfolio will reaps the benefits. Read on to uncover the four habits that highly effective investors possess…
By investing, you’re underlying goal is to grow your money, Carl Delfeld in Investment U explains…
If you can inco... ››› more
Habits are one of the most powerful forces that drive what we say and do. So don't let your bad habits ruin your chance at building huge wealth. Read on and find out how to break the four most common bad money habits and get on the gravy train to easy riches…
Did you know that up to 60% of the things you do every day are automatic, habit driven actions?
That’s right! You don’t even thin... ››› more
When investing in shares, it's all too easy to fall into some bad habits. If you want to increase your chances of investment success, it's crucial you avoid these common investing faux pas…
Once you commit your hard earned cash into shares, rationale can end up out the window.
To become a successful investor, it’s crucial you avoid these seven investing pitfalls, as Gareth Stokes explains... ››› more
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Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
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