2. Logical investing strategy
You have to have a logical strategy that you are willing to follow.
You should learn as much as you can about investing.
It’s your responsibility to educate yourself as much as possible. You can do this through books. You can do this through following gurus in the industries.
Creating rules for yourselves.
You want to have a defined set of rules that define your criteria of what you’re willing to invest in and when you’re willing to invest in it. As your wealth grows. This is probably going to change a little bit. Because you’re willing to invest in other things or you’re willing to take on a little bit more risk with some with a portion of your portfolio.
So these rules may change over time, but the important thing is that you have a set of rules that you’re willing to follow and willing to stick to. No matter what, once you’ve defined those set of rules.
The point is do not get emotional and keep patient. Take the the investments that come your way, that fit your criteria. So you have to have a logical investment strategy going forward. Don’t get emotional.