When we focus about investing or managing our finances, we'll think from our past experiences. Our inner psychology become critical in preparing us to be a better investor. Moreover, our brains are often wired to project the past into the future; e.g. 'this stock has been going up this far, and will continue to go up and further up', as we all know, this is not the truth.
These investing personalities types may help you to realize your strength as an investor:
- Reserved Investors - The average and ordinary investors. E.g. small business owners and blue to white collared employees.
- Herd Investors - First timers or beginners. E.g. self-employed or professional employees.
- Hard Headed Investors - Seasoned Investors.
- E.g. Seasoned long term investors or short term traders, or part time traders with several years of trading experience but with mixed performance.
- Laid Back Investors - High socialite investors. E.g. high net worth individuals who comprise of lawyers, airlines pilots, doctors, politicians, celebrities and business owners with lot of cash on hand.
- Speculative Investors - Syndicate and professional investors.
- Egoistic Investors - Professionals with scientific or technical backgrounds. E.g. doctors, engineers and airline pilots. Others include professionals fund managers, ex-stock market dealers/remisiers, veteran investors and retired investors.
- Opportunistic Investors - Experienced and professional fund managers. E.g. international and large overseas hedge fund managers/investors who move in and out of the country.
- Discipline Investors - Experienced, professional and high net worth investors and successful traders. E.g. reclusive master investors and full time investors/traders trading for a living.
Attitude and belief to money and investing, can be changed or molded with the right education and mindset. The will to change will overcome all odds.
So, start identifying which type of investing personalities best describe you, choose which type you aim to become, and put in writing what you'll be doing to be one.
