Time Or Target Driven?11 Jun 2018 12:11
Just curious with reading the posts from various posters about how many of us are time driven or target driven investors? If you are target driven like myself, we generally have the luxury of being patient and genuinely stress free while we wait for our picks to hit their set targets. Being time driven is more high risk and stressful, especially if you are using funds which are needed by a specific date which means your original stake may need to be sold at a loss. I know each of us invest because we want to create an additional income stream and also probably because of the adrenaline rush it provides seeing our original stake make money, however this makes it even more important to do your own research, read and educate yourselves about how to spot a top prospect, have your pragmatic set sell target as this prevents greed, maybe even have a stop loss set in place to minimize your losses, always be up to date with any relevant news, and most importantly only invest the amount you can honestly afford to be without. It always sucks losing money (I know that feeling a few times lol) but lets face it with the aim market we can make serious coin quickly or lose it equally quickly or be trapped while the company just stagnates below our purchase price. If you genuinely cannot afford to lose please do not invest as it is simply not worth the worry or heart ache. Not trying to be patronizing or condescending.......