Becoming an investor means becoming more disciplined. There are a lot of pitfalls that the new investors fall into. You need to avoid making the most common mistakes, if you want to have a chance at seeing your money grow. Everybody knows that getting your money to work for you is how to maximize your profits. But without these tips from Igor Cornelsen's career, you don't have a prayer.
The first thing everybody needs to do to become an investor is to rewire your brain. The common mistakes are everywhere. Believing that you can never sell at a loss, or picking stocks based on research are the worst mistakes that you can make. Those are the mistakes that see people never really getting a return on investment.
Finding a way to rewire your brain and think differently is vital. Investors are in this for the long term, so you can't think of your investments as selling at a loss, or picking the winners with careful research. Sticking to those guns will never see you succeed.
Always stay in the market. Trying to bounce out during a downturn is not a good way to make money long term. Whenever you look at the long term growth of any investment market, you will always make more by leaving your money invested instead of constantly pulling out at the first sign of trouble.
Never try to pick the next big winner. That's the worst mistake you could possibly make. Whenever you choose to do a lot of research with the intent of picking the biggest winners, you waste time and opportunity that is better spent diversifying your portfolio.
Nobody has ever been successful without a diversified portfolio. As Igor Cornelsen and any other major investor can show you, making a lot of smaller investments is the best possible way to grow your portfolio, and see the most long term gains.