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Episode 2936:
Successful investing relies on key traits like patience, confidence, and emotional control, which empower people to ride out market volatility and stick to their financial goals. Vicki Cook and Amy Blacklock outline how embracing continuous learning, understanding risk, and focusing on long-term objectives can help investors especially women close the confidence gap and harness the full potential of compounding to build wealth and security.
Read along with the original article(s) here: https://womenwhomoney.com/characteristics-successful-investor/)
Quotes to ponder:
"Successful investors understand the risk-return relationship and build diversified portfolios aligned with their long-term financial objectives."
"Staying focused on your goals, remaining calm, and ignoring the 'noise' during market turmoil are keys to being a successful investor."
"Successful investors aren’t just confident; they have humility too. They expect volatility in the market but understand volatility and loss are not the same things."
Episode references:
The Simple Path to Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926)
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