The characteristics of a successful investor and wealth creator from the words of Dr. Seyyed Mohammad Hadi Toloui

It is not easy to talk about the characteristics of a successful investor because each of the successful and famous people in the world have their own way and have achieved success in different ways. But all successful people in different fields have observed a series of general principles and refrained from doing some things, which in this article, Seyyed Mohammad Hadi Toloui briefly mentions eight of them:

1. Thirsty for learning and knowledge

The first and most important feature of a successful investor is having sufficient knowledge and information in the field of economic issues and financial markets. He always seeks to increase his knowledge by reading articles, books and up-to-date content. It has been mentioned many times that if you want to experience a successful investment, you must have a good knowledge of the basic principles and concepts of that market. The more information and knowledge you have about investing, the less your risk of failure will be.

2. Research and consulting

After learning the principles and rules of investment, the successful investor researches the various investment methods, tools and choices available and consults the experts in these fields. There are many different investment methods and tools, each of which has its own positive and negative characteristics. A successful investor carefully examines all these investment methods to choose the best and most suitable ones.

3. A healthy mind in a healthy body

Having physical health is one of the most important components in achieving a successful investment. The role of quality sleep, proper diet and healthy recreation cannot be ignored. Lack of sleep or too much sleep are destructive factors that have a negative impact on both mental and physical health.

4. Positive thinking

Staying away from negative thoughts and people who are constantly grumbling and complaining about time and space helps to make better decisions. If you don’t have hope for the future, you will never be able to make the most of investment opportunities.

5. Creative and innovative mind

Having a creative mind and new ideas is one of the important factors to achieve success in investment. People who have a creative mind provide different solutions for issues and problems and manage issues well with new ideas at the time of crisis.

6. Accountability

In order to be able to have a successful investment, it is necessary to oblige yourself to fulfill your obligations and do not postpone doing anything. Procrastination and laziness in doing things only cause you to move away from your goals; So try to implement your planning carefully.

7. Using the experience of successful people

Studying the biographies of successful people and their investment style can be very inspiring. Although the ways to achieve success are different for everyone, but studying the experiences of elders in facing investment challenges can be very helpful. Many investors have written their life stories and you can read their biographies.

8. Awareness of the social and political conditions of society

The social and political conditions of society play an important role in the investment process and increase or decrease investment risks. Therefore, knowing the social and political conditions of the society can be very helpful in making important decisions. Markets such as currency, gold, stock exchange and real estate depend to a great extent on the general conditions of the country