Oh, tough question... Good investors are competitive, self-aware, they know what they're good at. Time management and prioritization. Time is a scarce resource, and there's an opportunity cost. Any meeting you're in, every call you���re doing, whatever you're reading. That's opportunity cost that could be focused somewhere else. We're just getting started. What we'll be able to achieve, within BXMA... Our ability to collaborate new products for our customers, continuing to deliver outstanding results. Shuttling my kids to various sports. Tennis, squash, lacrosse, track, volleyball, and basketball. Thank you guys. It's been great! Enjoyed speaking with you. But it's time for me to prioritize, and get back to work!
Patience in investing is akin to planting a tree. You water it, nurture it, and wait for it to grow. Here’s how it helps:
1. Compound Interest: Patience allows compound interest to work its magic. When you reinvest your earnings, they generate more earnings. Over time, this snowball effect accelerates your wealth growth.
2. Avoiding Emotional Traps: Markets fluctuate. Patience prevents knee-jerk reactions during downturns. Remember the dot-com bubble? Those who stayed calm reaped rewards later.
3. Long-Term Vision: Patience aligns with long-term goals. Successful investors focus on decades, not days. They ride out short-term volatility.
4. Quality Research: Patience lets you research thoroughly. Understand companies, industries, and trends. Invest wisely, not impulsively.
5. Reducing Costs: Frequent trading incurs fees. Patience minimises transaction costs.
Warren Buffett & Charlie Munger: exemplify patience in investing through their long-term approach and unwavering commitment to sound principles.
“The stock market is a device for transferring money from the impatient to the patient.” - Warren Buffet
Remember, wealth-building requires patience. Invest consistently, and let time work its magic!
#Investing#WealthBuilding#PatiencePaysOff#FinancialWisdom#simplifyinginvestingMohnish Pabrai
We are here to learn and facilitate!!
What is the primary question preventing you from becoming an angel investor:
Reply 1 for What is the minimum investment required?
Reply 2 for When will I exit?
Reply 3 for How much return can I anticipate?
If you look at the most famous investors, the ones I interviewed, almost all of them have picked an area to invest in at one point or another where everybody has said that’s a bad thing to do. - David Rubenstein
Watch the full video here: https://buff.ly/3SFYn9n
There are more than 24 million accredited investors in the U.S. today, but did you know you may be one of them without knowing?
There are two simple requirements to being certified as an accredited investor - find out what they are and be sure to check out our other videos on how you can raise capital directly from investors. #realestate#privateequity#realestateinvestments#accreditedinvestors#investmentshttps://lnkd.in/guFCV8vD
People often assume they do not meet the requirement to be an accredited investor because they only think about having a net worth of $1M (not counting your primary residence), but there is another requirement to being one, and it's a lot easier than you think. Watch our latest video below to learn more!
There are more than 24 million accredited investors in the U.S. today, but did you know you may be one of them without knowing?
There are two simple requirements to being certified as an accredited investor - find out what they are and be sure to check out our other videos on how you can raise capital directly from investors. #realestate#privateequity#realestateinvestments#accreditedinvestors#investmentshttps://lnkd.in/guFCV8vD
MISSING OUT ON 5% ROI ON PRIVATE EQUITY/FIXED ASSETS
2moknowledge and perseverance