6. You Can Lose It All
You may have genuine intentions and a good heart, but that doesn’t stop life from happening. Timing, market crashes, bad seasons they happen. Be ready for it, and don’t take it personally when things don’t go your way.
I like this part because most investors only think about the positive aspects of their investment without thinking about if thing happens the other way round. As an investor, there is need to calculate your the risks involved in your investment and bear in mind that there will surely come bad times when it look as if you have made the wrong investment decision but those challenges are what makes an investor become stronger to still continue without feeling the impact of how the market turned out. Having the feeling that you can lose all your investment will give you the idea to not invest all your money but with just what you can afford to let go without feeling bad about it.
Being successful at the end of a task is a big deal. However, even if you fail, you can learn a lot from it, which acts as a stepping stone to success later. It is natural for any investment to have risks. And this is something that investors must remember, so if they do not succeed, at least they will not suffer from mental illness.
Many times, even if the investor is very experienced, such unexpected reasons can occur that can cause their investment to fail.
However, it is possible to recover from this failure over time. The market does not always go bad, if you do not sell immediately after the failure, it is possible to turn around if you wait patiently.