INVESTING 101 - 5 INDISPENSABLE HABITS OF THE SUCCESSFUL INVESTOR

 

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Here’s how to become a successful investor.

The opportunity to invest in the 21st Century world is everywhere – Instagram posts about making millions on investment option strategies, or TV commercials about opening a stock trading account – where does an individual start?

How do you become a successful investor? Successful athletes profess the ‘10,000-hour rule’ of repeating good habits to develop muscle memory. Good habits help entrepreneurs become successful, keep doctors accountable, and also bring success to investors.

These five habits can change the way you look at saving and help build your wealth for your future endeavours:

  1. Set goals, understand where you want to be.  
    Goal setting is a major attribute in becoming successful, but also in measuring your success in saving and investing. Working towards a goal of buying that vacation property on the lake or starting your own small business will keep you focused on the long-term rather than getting unnecessarily caught up in the noise and ups and downs of the financial markets.

  2. Create a plan.
    Having a plan is the best way to reach your financial goals. A financial plan, jointly developed with your trusted Investment Advisor, is used as a road map laying out the financial plans of your life while giving you the information needed to reach goals along the way. When your plan becomes outdated, or unexpected life changes come into play, make sure to update your plan, keeping you on track for your long-term goals.

  3. Save and pay yourself first.
    Saving and “paying yourself first” is the main way an individual will build wealth. Warren Buffett said “do not save what is left after spending, but spend what is left after saving.” The easiest way to set this up is a direct deposit into an investment account from your paycheck. Being more conscious about spending, building a portfolio and saving your money to work for you will build wealth.

  4. Stay invested.
    A long-term outlook on saving and investing should be used when looking to create wealth. Saving 5-percent a year throughout a 20-year career will result in a profitable investment portfolio. Successful management of that plan will result in obtaining your financial goals. Trying to ‘shoot the lights out’ with investments looking to double or triple your money quickly is a risky and unprofitable investment strategy that can leave you with much less than you started with.

  5. Seek help when needed.
    The 21st Century is a world of information and technology saturation, which at times can be overwhelming and confusing. If you do need help, there are many professional financial advisors willing to help. This could include alternative points of view on the financial markets from an economist, tax strategy planning with accountants, or portfolio management if you don’t have the time or expertise in managing your money.

Investing to obtain your financial goals should be a continuous priority. Successful saving strategies and building wealth will provide comfort and help you reach your future goals. Building these good habits will help build a base to become a successful investor.

Please contact Tom Stachiw, or one of our other portfolio managers if you would like to discuss further. 

Click here to email Tom Buy our MATCO Funds today 

Tom Stachiw, CIM
Portfolio Manager
Local: +1-403-718-7792

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MATCO FINANCIAL INC.

Founded in 2006 to manage and service seven family offices, today Matco offers the benefits of our extensive investment management experience to individual investors, foundations, endowments, condominium corporations, trusts, corporations and not-for-profit organizations.

Our mission is to simplify the investment world for our clients by understanding their needs and providing exceptional investment solutions that preserve and grow capital.


 Matco Financial is an independent, privately held discretionary investment counsellor and asset management firm that serves the needs of individual investors, institutions, advisors, trusts, corporations and not-for-profit organizations. Matco provides investment advisory services to investors on a discretionary basis through mutual funds and separately managed accounts. This communication is intended for information purposes only and does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Matco Financial Inc. makes no representations as to the accuracy or any other aspect of information contained in other websites. All statements that look forward in time or include anything other than historical information are subject to risks and uncertainties and are not guarantees of future performance. Investors should not rely on forward-looking statements. Actual results, actions or events, could differ materially from those set forth in the forward-looking statements.

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