Read? How To Become A Better Investor With Ray Dalio’s 5 Investing Principles
Two of the five investing principles listed, Uncle8888 can relate them well. LOL!
3. Constantly compare your outcomes to your goals
Do you diligently compare your investment outcomes to your investment goals? It is common to see investors boasting about their investment goals without having a real measure to evaluate how close they are. Without a clear measure in place, you are unable to receive feedback on whether your investment decisions are right or wrong. This deprives you of the opportunity to improve your investment decision. After all, if you don’t measure your outcome, you are just living in denial that every decision that you make is correct, isn’t it?
CW8888: Read? Setting Investing Goals and measuring investment outcome and performance...