Friday, August 29, 2008

The Most Essential Secret to Successful Investing

Here is a worthwhile post from seekingalpha.com about the most important aspect of investing:

What is THE most important aspect of investing?

It’s not the ability to read a balance sheet. Nor is it recognizing trading patterns. In fact, this particular quality isn’t even specific to investing; it’s essential to any skill.

I’m talking about patience.

From an action standpoint, investing is boring. Unless you’re a day trader, it’s very much a waiting game. After all, buying or selling an investment requires nothing more than a click of the mouse. A couple seconds and you’re done. The rest of the time (99%) you’re doing nothing.

Full Story via seeking alpha

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