Tuesday, 31 May 2011

On becoming a rational investor (Part 3 of 9)

As an investor, you will be much better off if you realize your impotence to bring fundamental changes to society and stop worrying about it. An effective strategy to help other people, which is by all means a laudable intent, is to focus your efforts on a restricted field where your contribution can really make a difference.

Adopting a rational investment philosophy involves giving up unrealistic expectations and concentrating on what is feasible.

You cannot prevent inflation or deflation from taking place, but if you play your cards well, you can make money from them. Instead of worrying about the disadvantages of rising or falling prices, why don't you figure out how to use each financial phenomenon for your personal profit?

To be continued in the next post.

[Text: http://johnvespasian.blogspot.com]

[Image by Alan Vernon under Creative Commons Attribution License. See the license terms under http://creativecommons.org/licenses/by/3.0/us]