|
Traits of a Confident Investor
Confident investing should not be a vague concept. If you are going to spend
significant time and effort to complete an NAOI Study Course then you should know
up-front the benefits of doing so. For this reason we present the following
traits as examples of how you will benefit from graduating from an NAOI course.
As a confident investor:
- You will have a set of specific investing goals and a detailed Investing
Plan for reaching them.
- You will know how to build a portfolio of stocks and funds that gives you
the best possible chance of reaching each of your investing goals within
your risk tolerance limits.
- You will know at all times what is in your portfolio, exactly why each
investment is there and you will have a targeted return for each. All of
your trades will have a specific purpose.
- You will know how to use Web resources to monitor your portfolio as a
whole and each investment in your portfolio. You will know how to spot
investments that are under-performing and how to periodically replace those
that are not meeting expectations.
- You will be able to use Web resources to completely analyze the risk
profile of your portfolio and, should it exceed your risk tolerance levels,
you will know how to make appropriate adjustments.
- You will be able to use Web resources to completely evaluate any mutual
fund within minutes.
- You will be able to use Web resources to completely evaluate any stock
within minutes.
- You will be able to use Web resources to scan databases of thousands of
stocks and funds to find purchase candidates that meet your criteria.
- You will be fully capable of questioning any recommendation given to you
by a financial advisor.
- You will know when and how to modify your portfolio in response to changes
in the economic environment or in response to changes in your personal
situation.
- You will be able to place a stock or fund trade online without the
assistance of a third party, thus reducing your transaction costs to an
absolute minimum.
- You will not fixate on the financial media. You will never again place a
trade based solely on the opinions of “experts” seen on TV or read about
in a financial magazine or newspaper.
- You will be able to build an investing support team and environment that provides input to your investing decision process, not make investing
decisions for you.
These are just a few traits of confident investing presented to give you an
idea of the power you will have when you have completed an NAOI Study Course.
The bottom line is that as a confident investor you will no longer be
intimidated by the world of investing. You will be fully capable of making
investing decisions on your own. Or, if you decide to work with a financial
advisor, you will not be forced to rely blindly on their input. As a course
graduate you will be empowered to deal with the world of investing on your own
terms, confident that you have the knowledge and resources to make informed and
logical investing decisions.
|