What are your Investing Strengths?

Everyone has their own strengths, weaknesses threats and obstacles that naturally either help or hinder their investing abilities. In today’s post, I’d like to examine both learned and developed strengths that can help you become a better investor. Our strengths provide clues as to which areas of wealth management are best outsourced, and those that can be done alone.

Here are some of the strengths that I have seen that help others be more financially savvy. See if any of these strengths resonate with you. Think of other strengths that help you either with your money or in other areas of your life.

• You are naturally mathematical. You just love math and always have.
• You have a higher education in accounting or statistics, or other math areas that will help you with investing since working with numbers will be easier.
• You have a career within an investment related field, such as accounting, or banking.
• You have a career in psychology. Because so much behavior around investing is related to emotions, this will be very helpful as you invest your money.
• You love to research. This will make you more drawn to doing not only the necessary research to make investment decisions, but enjoy going beyond the minimum.
• You are naturally organized. This will help you create and keep order around your money, an imperative as you grow your wealth.
• You are naturally analytical. If you are naturally analytical, you will be drawn to analyzing and comparing investment products and services.
• You are a great reader; this will lead you through investment books and courses that will be helpful as you improve your investing skills.
• You are a good leader. This will help you as you hire your wealth management team, such as CPA’s and money managers.
• You are disciplined; this will help you to do the “Important but Not Urgent” tasks of wealth management, such as bookkeeping, updating spreadsheets, gathering tax data, and office tasks.
• You are an opportunist. You just have a good eye for spotting opportunities; Do you love to chat with others at social gatherings about opportunities.
• You can tolerate risk well. An investor is more likely to get above average returns if she can still sleep well at night with risk in her portfolio.
• You grew up in a home with healthy money habits and mindsets. This will make it so much easier to establish and maintain good money habits as an adult.

It’s all about identifying and focusing on your personal strengths. You may feel very uncomfortable thinking about your own strengths, just like it is easier to give a compliment than to take one. Bask in your strengths for now, because next time we’ll address weaknesses that hold us back from successful investing.

Disclaimer:

The contents of this website and all products of Nestegginvestor.com and Austin Alternative Investments, LLC are for educational purposes only and are not intended as financial advice. You should always consult your financial professional before investing.
Austin Alternative Investments, LLC