7 Essential Traits of a Good Investor

From the wealthiest of billionaires to the man celebrating his first day of retirement, successful investors are all around us. While they may appear in many different shapes and sizes, almost all of them share these seven common traits:

1. Patient. Patience is the number one characteristic of a good investor. Investing is a marathon, not a sprint, and you need to have a long-term mindset if you want to be successful.

2. Focused. A good investor is focused on his practice, and takes it one step at a time, one investment at a time.

3. Well-Informed. There is a wealth of information available on the subject of investing; use it to your advantage. A good investor is constantly brushing up their knowledge by reading the latest industry news and insights.

4. Cautious. The average investor sees a trend, and jumps in head first. A good investor is not so easily sold. They look deeper into the trend, find out why it is succeeding in the current market, and if this success is likely to continue.

5. Methodical. Every good investor has a different strategy, but every good investor has a strategy. You will be much more successful using a methodical approach than simply investing in whatever looks good at the time.

6. Disciplined. Once you have found a method that works for you, stick to it. Don’t let a few failures force you to abandon your strategy, and don’t let a few successes go to your head.

7. Resourceful. Good investors rarely do it alone. They know what resources exist that can be beneficial to them, and they use them to their full advantage.

Let American Investment Planners, LLC be your resource. Our financial advisors are ready to sit down and discuss your financial goals. To schedule an appointment with one of our consultants, please call (516) 932-5130 or email info@americaninvestmentplanners.com.