Emotion then Hodl Part 2

in #investing3 years ago (edited)

***this is a mini 4 part series each Sunday ***
Like a farmer planting seed and not seeing the harvest for some time or waiting patiently for your car to get fixed. Everything takes a little time to grow, so trust the process. Here are 4 stages I believe are essential when investing. This opinion comes from experience and personal investments I’ve been successful in and lost out of. For the 2nd:

*2. Logic: the next stage after the first stage (emotion) is to use logic to see if your investment is worthwhile. This is the hard part for most new investors that want to get rich quick, since this part takes the most discipline. During this second stage you must do your research see how the project is going and make necessary adjustments. If you just keep going off emotions rather then the facts in front of you at this stage you’ll be thrown and tossed like the waves of the sea, meaning you’ll be unstable and end up loosing your money. One key advice at this stage is while looking at the small details is important, be sure to look at the bigger picture over all and ask yourself: can this make a big impact in the long run?

Q for you: what are types of data do you look for to keep you invested in a project?