The Habits and Characteristics Needed to Reach Wealth Level 2
Finally, Mr. and Mrs. Post also did their homework. They took time to research their options before they made an investment, and they understood that quick decisions get you hurt in the market. Rumors get started and before you know it, a ‘ tip” turns out to be a cold nightmare. They recognized and avoided the traps.
Don’t forget to measure the results of your portfolio. This is one of the most common mistakes made by individual investors. They invest for years, never actually knowing their true performance on a monthly or yearly basis. They might estimate it, but they rarely do it accurately and they almost never compare it to the proper benchmark indexes. We’ll talk more about this in part 2.
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