Page 31 - Phonebox Magazine June 2024
P. 31

 7 valuable behaviours for successful investing
How do you grow your wealth when you’re investing? Choosing the “right” investments is just one of the ingredients needed for success. Indeed, your mindset and behaviours could have a much larger effect on the outcomes of your investments than you might think. Your approach to investing could influence the decisions you make when you start building your portfolio, such as how much risk you take. It could also play a role in how you respond to market movements, which may have a knock-on effect on the long-term returns of your portfolio. So, as well as considering which investments could help you reach your goals, you might also want to review your behaviours and the impact they could have. Read on to learn more about seven behaviours that could help you reach your investment goals.
1 Recognising Investment Opportunities
Understanding market trends and identifying potential growth areas can significantly impact investment success. Staying informed and being able to discern between short-term fluctuations and long-term opportunities is crucial.
2 Investing with Purpose
Setting clear, achievable goals for your investments can provide direction and motivation. Whether it's saving for retirement, a child's education, or another financial goal, having a purpose can guide your investment decisions.
3 Practicing Patience
The world of investing is not for the faint-hearted, and patience truly is a virtue. It's important to remember that building wealth is a marathon, not a sprint, and that compounding takes time to work its magic.
4 Staying Calm During Market Volatility
Markets will go up and down, but reacting emotionally can lead to rash decisions. Developing a strategy to weather the storms will help you stay the course and potentially benefit from market recoveries.
5 Being Conscious of Positive Emotions
Just as fear can lead to panic selling, excessive optimism can result in overconfidence. Balancing emotions with rational analysis is key to making sound investment choices.
6 Creating a Balanced Portfolio
Diversification is one of the fundamental principles of investing.
A well-balanced portfolio tailored to your risk tolerance can help mitigate risks and smooth out returns over time.
7 Working with a Financial Planner
A professional can offer valuable advice, help you develop a personalised investment strategy, and keep you focused on long-term objectives. Their expertise can be particularly beneficial in complex financial markets.
           01234 713131
info@janesmithfinancial.com | www.janesmithfinancial.com
Jane Smith Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority. Trusts and Tax Planning are not regulated by the Financial Conduct Authority. Registered in England and Wales. Registration Number 4371002. Registered Office: 7 Osier Way, Olney Office Park, Olney, Buckinghamshire. MK46 5FP
 YOUR FUTURE IN FOCUS
     Whippet Grey.
ARCHITECTURAL & INTERIOR DESIGN
Realise your dream project
 TO VIEW OUR PORTFOLIO, SCAN ME WITH YOUR SMART PHONE CAMERA
Our services simplify the process and help realise your property’s full potential
 www.whippetgrey.com
 Cox & Co.
Chartered Accountants & Registered Auditors
The Granary, High Street, Turvey, Beds, MK43 8DB
OFFICES AVAILABLE TO RENT
We are based in the beautiful
village of Turvey (just outside
Olney) and attached to us are David Cox BA FCA FCCA offices which are now available to rent. This is a golden opportunity to rent offices on two floors which measure 600 square feet in size and the rent is inclusive of energy bills and two parking spaces.
   To book a viewing, please contact us on the details below.
Telephone Miss Moneypenny on 01234 888703 Or email David on david@coxco.co.uk Visit us at Coxy Castle on www.coxco.co.uk
June 2024 | Phonebox Magazine 31






























































   29   30   31   32   33