It’s Not Too Late to Become a Successful Investor

Written by Monica Savaglia
Posted June 3, 2018 at 8:00PM

When I was in high school, I learned a lot of information that my teachers stressed was very important. We needed to know it.

We were told that it would prepare us for the future.

But let’s be real, that wasn’t the case...

When have you ever used the Pythagorean theorem outside of your 10th-grade math class?

When I got to the real world, I was faced with real problems.

In high school, I never had a class on doing my taxes, being responsible with credit cards, long-term financial planning, or how to invest.

But those are the challenges that adults deal with every day...

Yet, I was required to take a gym class and play dodgeball!

Everything I’ve learned about investing, I've had to learn about through losing money. In other words, through real-life experiences...

Being around successful investors, I’ve noticed that they all have one thing in common...

And even though they all have different approaches, they all still share this one trait…

Don’t get me wrong, health is important but so is your money.

This is what I wish I'd known about investing when I graduated high school...

But before I tell you the one thing, let me tell you when I started working with Charles: more than two years ago. I knew right away that I would learn a lot about investing from just working with him.

When I found out that Charles takes time out of his busy schedule to give presentations on investing to high school students at his alma mater, I was really impressed.

Here's a guy that’s been through the ups and downs of the market for over three decades and he's teaching and advising high school students about investing.

I wish I'd had access to that knowledge when I was younger. Heck, I’m glad that I now have access to it from working with him over the past two years.

Charles has told me that there’s one recurring question that always comes up during these presentations...

They almost always ask: What is the one thing that every successful investor has?

And without hesitation Charles answers: “The right temperament.”

Having the right temperament will help you in disregarding any fear of a down market. The best opportunities to buy are when most investors are fearful. And the best opportunities to sell are when most investors are greedy.

Berkshire Hathaway Vice President Charlie Munger has said if an investor can’t act with mental calmness and evenness of temperament “to a market price decline of 50% two or three times a century,” then they are “not fit to be a common shareholder.”

When Charles talks with these high school students, he tells them that he knows an investor has the right temperament when they also have these three key traits:

  1. They don’t follow the crowd.
  2. They know the difference between price and value.
  3. They know the importance of diversification.

I wish someone like Charles had come to my high school to discuss investing. But I’ve still learned a lot from working with him over the past two years.

He’s compiled this insight and others into his new book, Hitting Wall Street’s “Fat Pitch”: Secrets from a 35 Year Stock Market Insider.

You can get your copy, at a discounted price, by clicking here!

It would have been extremely helpful if I'd had someone telling me that I could beat the market — that it wasn’t impossible to make money from investing.

And it would have been helpful to have someone teaching me good investing habits instead of developing bad habits like buying high and selling low.

My early adult years would have been a lot less stressful. Today, I'd have a lot more in my personal savings and a lot more money put away for my retirement.

You live and you learn. And it's important to remember that is it's never too late to be a successful investor!

Until next time,

Monica Savaglia Signature Park Avenue Digest

Monica Savaglia
Editorial Director
Park Avenue Digest

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