[Estimated time to read: 2 minutes]
We’ll let you in on a little secret.
Jedis don’t just exist in Star Wars.
You can be a Jedi investor, too.
And it doesn’t require a lightsabre...
It just takes discipline.
And these three principles.
1. Don’t base investment decisions on emotions.
Yoda said, “You will know the good from the bad when you are calm.”
If you follow how you feel about recent events, you might be tempted into making fear-driven decisions.
Like selling when things are bad. And buying when things are good.
This is irrational investing behaviour.
Just as Warren Buffett said, “Be fearful when others are greedy, and be greedy when others are fearful.
Think clear. And be disciplined.
Having a plan and sticking to it, no matter what the market situation is, leads to positive returns in the long-term.
Which leads us to...
2. Think long-term.
Grand Jedi Master Yoda, known for his wisdom, foresight and longevity, once said, “Difficult to see. Always in motion is the future.”
And he is right.
One month, markets are sky high.
The next month in tatters.
But one thing’s for sure.
In time, markets recover.
And if you think long-term, and follow a well-thought out plan, you’ll get positive returns in the long-term.
3. If you have complex investments, get a Jedi financial adviser.
Often, it's possible to make simple investments yourself. We call this Do-It-Yourself investing and offer thousands of DIY investors a helping hand with our free investment research and tips.
But if things are complex – you have a larger than normal investment to make, or if it's to do with tax, retirement, buying property, death, divorce or cashflow planning – a Jedi financial adviser probably makes more sense.
A Jedi financial adviser helps you understand the truth, protects you, and builds your wealth.
You can’t get anything better than that.
But make sure you get a Jedi financial adviser.
And not a Sith Lord – a member of the Dark Side.
A Sith Lord simply sells you a product that gets them whopping commissions. These incentives are often hidden and can cripple your returns..
A Jedi financial adviser has their interests aligned with yours. To learn more about Jedi financial advisers, read our blog here.
Remember, your focus determines your reality. Investing well requires knowledge, concentration and patience.
But with the right tools and the right Jedi financial adviser, you can be a Jedi investor.
To find out more, download our guide “How to tell the difference between heroes and villains in international financial advice” below, and may the Force be with you.
