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5 ways to become a Patient Investor
What is the fuss?
Veteran investors such as Warren Buffet often advise other investors to be patient. One of Mr. Buffet’s famous sayings goes like this: ‘Stock Market is a device to transfer money from the impatient to the patient’.
But what exactly does being patient mean? How does it reward investors? And if being patient is the way to go, then how to become one?
These are some of the questions I will try to answer in this post. To start, let's see how being patient rewards investors. And then, I will share 5 ways one can become a patient investor. Let’s get started.
Patience Reward 1: Peace of Mind
The stock market is a whirlwind of emotions. Red and green ticks mar the daily run in the stock market. It can become exhausting really fast. And if this wasn’t enough, volatility and market downturns add to the anxiety.
But, for a patient investor, it matters not. Not as much. The patient investor knows the vagaries of the stock market. It knows that it will go up and down. That there are unseen factors that will occur, and negatively impact the market.