Who is a Master Investor?

1- Know when to take profit. If the Fed offers a 6% annual interest on the Dollar and you've made 30% in a month, sell. Profit belongs in your pocket.


2- Don't be greedy. Thinking, "If only I had held onto that 30% profit, it would have turned into 10X," is futile. Believe in the power of compound returns and patience. A profit not taken isn't really a profit.


3- If luck favors you and you've multiplied your money two or threefold, now is the time to avoid being greedy. If you must indulge your hunger, withdraw your principal, and continue with your profits if you want to gamble. Let it not come out of your pocket if you lose.


4- Don't scrutinize what others are earning. Entering into a competition mindset leads to mistakes. Everyone has their own goals and struggles.


5- Always hope for the best but be prepared for the worst.


6- When you incur losses, don't get greedy and increase your capital. Those who go bankrupt in gambling are the ones who raise the ante after losing money.


7- Don't do business based on someone else's word. Everyone looks out for their own pocket.


8- If something sounds too good to be true, there's definitely something fishy going on. Don't get carried away.


9- Don't invest with borrowed money. Leverage is risky, borrowing is risky, and borrowing from friends and family is even riskier. You don't mix business with pleasure.


10- Don't meddle too much. Don't succumb to analysis paralysis. The worst decision you make is better than indecision.