Last time, I posted a quiz to let you find out what type of learner you are. So what does each type really mean?
What does it have to do with personal finance and investing? In truth, it matters only tangentially. But personal finance and investing is as much about mindset and discipline as it is about math, technical terms and complex concepts. So it's handy to know yourself as much as possible.
If you know what type of personality you have, its easier to adjust for your biases. What do I mean?
- ancient Greek aphorism
"If you don't know who you are, the stock market is an expensive place to find out."
- Goodman George, author and economics broadcast commentator
For me, self-mastery is a basic foundation piece to personal finance and investing (and quite a few other stuff too). So in these next posts I'll be devoting some time to topics that can help us get to know ourselves better.
I'm not a psychology graduate, let alone a practitioner, so take this with a
The first, and simplest, is knowing what type of learner we are.
Why? Because what you think are good things (on a personal level) are "bad" at the national (macro) level.
And when you think about it, what's good for the national economy is actually bad for your personal wealth. Here are 7 things to show what I mean.
(This is a bit longer than my usual posts. But if you stick with it, it does have a point.)
This article is posted under stocks
There are different strategies you can use. That's why sometimes copying someone else's portfolio doesn't always work out so well, whether or not the advice/recommendation/example/observation was pretty good to begin with.
To help with that, here are 6 different stock investing strategies. It's not a bad idea to know what options are out there.
You've probably experienced that sometimes in that situation, what happens is that a few people drive the meeting, or there's a lot of silence, or - even with group collaboration or when thinking individually - there's a few (or a lot) of scenarios you weren't able to consider.
While some of that may be attributable to lack of knowledge or experience on the subject, it's also quite possible that some of that is due to unstructured thinking.
We tend to jump back and forth from potential solutions and possible pitfalls without any structure or strategy. That's normally how we think and there's nothing inherently wrong with that. But if you want to try and make the next meeting or discussion more productive you can try using the 6 Thinking Hats.