by Phil Lebkuecher | Mar 29, 2024 | Behavioral Finance | 0 comments
Nick Saban, recently retired football coach of the Alabama Crimson Tide said, “If you want to be good, you don’t really have a lot of choices.” He was referring to the choice to either be disciplined or not when it comes to a specific process that leads to success.
No one is born an athlete. We are all humans with similar preferences: sleep/rest over working out, eating the donut rather than the broccoli, and having fun instead of working.
Athletes are created through dedication to a routine or process that will help them become an athlete. They show up at the gym, they follow a nutrition plan, and they endure in their routines, even when they don’t feel like it or want to. Persistent discipline to that routine is what makes them athletes.
A Solid Investment Process
The “secret” to becoming a great investor is no different. It requires discipline to a process or routine. Not just any routine, but the right one. Watching the stock market is a routine, but it doesn’t develop a successful investor. So, what routines or processes can investors take that will help them become great?
The Process and You
Defining your investment process is important but not practiced by many investors. Maintaining discipline to that process when times get tough is what separates the average investor from the most successful investor. Discipline is what makes athletes, athletes. And it is what can help you achieve your financial goals. If you find that difficult, I am here to help you along the way. Please consider me your “Investments Coach” and contact me anytime.
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