DURBAN – According to the chief executive of one of the country’s top wealth management boutiques, investment success is attributed to behaviour and adopting these habits…not luck or mathematical genius.
Linda Stonier, chief executive and head advisor for Stone Wealth Management, bases these seven habits on years of experience in financial planning and investing for clients with optimal results.
1. Commit to your long-term investment strategy and don’t fall victim to your emotions.
Human emotions can be the biggest destroyer of wealth over time. You should only concern yourself with two value points, those being the inception and exit dates of your investment. The rest is noise. Learn to be patient.
2. Understand that the long-term investor’s true nemesis is inflation.