8 Winning Simple Investing Principles

Do you sometimes feel worried when you think about how you are managing your money? If a friend or family member brings up the subject of money, do you find yourself leaving or avoiding the conversation because you don’t want to discuss your finances or anything related to the subject? If your thoughts and feelings surrounding money are causing you some concern, know you can do something about them and positively shift your relationship with money.

When you feel good, everything has a way of falling into place. This holds true concerning your finances as well. When you take the time to organize your thoughts, your financial goals become clearer and allow you to improve your current situation.

You can increase your clarity when you state your intentions through a written plan. You may have found in the past that you were inconsistent with following your plans. This happens to everyone.

Make your plan simple to improve your chances for success and increase the probability that you will stick with your plan. You can always change it as time moves on. Once you have your plan on paper, close your eyes, and affirm with the sincere intention that you will be comfortable with your finances.

Some self-reflection will also improve your rate of success. First, look past what you’re not doing and ask yourself why you’ve been inconsistent with meeting your financial goals. More often than not, your inaction may be due to a lack of knowledge, negative past experiences, or possibly fearing the unknown.

Your beliefs about money may come from what you were taught when you were younger. Take the time to find out the source of your worry, and you will free yourself from the nonstop cycle that keeps you from reaching your goals.

What do you believe about yourself that has placed limitations on your abilities? What beliefs are you will willing to give up to improve the way you view your finances? It’s time to create change.

You can retrain your mind to have a different set of beliefs by creating new habits. Start by writing down three money goals to focus on over the next six months to one year, and then write three money goals you would like to achieve in the next five years.

Remember to add an abundance of positive thoughts into what you want to make happen. If you still need to gain clarity and would like to talk about your money goals and discover what is stopping you from growing and sustaining your wealth sign up for a free 30-minute strategy session with me.

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Have you ever noticed how different life is when you have some extra cash? The peace of mind that comes from knowing that you have money in the bank is comforting. We sometimes tend to put too much unnecessary pressure on ourselves in this area.

Increased wealth can happen when you work to increase your knowledge and make becoming comfortable with how money works a priority. You don’t need to worry about not having all the answers right away or knowing when you will exactly reach a specific goal. What you want is to get yourself in the best position for making better financial decisions.

The more practice, the better. With a few changes in how you handle money now, you will significantly increase your chances of experiencing the financial freedom you want. Expect to have some bumps along the way while you are on this journey of growth and transformation. We sometimes sabotage our success when we put too much pressure on ourselves and continue to do the same actions without seeking the answers that will lessen the mental and emotional burdens that keep us from experiencing increased financial security.

The great news is that you can start today in setting in motion a plan to grow your wealth and financial security. Here are some winning principles you can use for investing, which help you increase your wealth.

8 Winning Simple Investing Principles

1. Open an investment account. Each month, even if it’s only a few dollars, deposit money into the account for your future. Start as early as you can to invest in the stock market. Money makes money, and over time grows significantly.
2. Use a consistent trading strategy that is simple to follow. Avoid making decisions to make a trade based on your emotions.
3. Have an investment strategy that includes risk management, by having an exit strategy, a plan that tells you when to get out of your investment.
4. Pay taxes.  Lock in your profits when you have them. This means you are making money.
5. Diversify your investment so that you are in better control of your risk. If you control the downside, the upside will take care of itself.
6. Keep your losses small. There will be profitable investments and ones that are not profitable.  Learn to exit a trade and accept when you are wrong.
7. Trade in the direction of the trend of the market.
8. Be flexible. Markets change quickly.

Keep in mind that there is no perfect trading strategy that works every time. Become disciplined by having a process where you learn to understand your risk tolerance and include the return goals you want to achieve. Follow a simple investment plan that fits YOUR needs.

Knowing that wealth is possible for you is a huge confidence booster. When working through this process, it is key to develop a positive money mindset. By doing so, you increase your confidence and place yourself in a position of strength. As with everything, the first step is to start.

Stay positive and focus on your future goals. Only time separates you from success. You can achieve a money mindset shift by remaining focused on your life goals, and when you are willing to do what is needed to become successful.

Nothing is beyond your reach. Take a step each day toward your financial freedom by addressing any unsettled feelings you may have about your finances. Take charge of your future by learning as much as you can about wealth and investing. Your increased knowledge will help calm your spirit and help you become more at ease with money. Believe you can feel good about money, and watch how your life will change.

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Bonnie S. Gortler

Bonnie Gortler, Consultant, Coach, and Author specializing in Wealth and Well-Being, is a successful stock market expert who has been instrumental in managing multi-million-dollar client portfolios within a top-rated investment firm during her over 35-year corporate career. As the author of “Journey to Wealth,” Bonnie has made it her mission to share the importance of risk management and how to enjoy real financial well-being by applying the technical and mental sides of investing. Bonnie has an M.B.A. and is a certified life coach. It is through her love of coaching, consulting, blogging, and social media that she creates change in the lives of many and inspires people from around the world. Bonnie is fully committed to your personal growth and development as she shares her winning spirit and powerful techniques with you. Visit BonnieGortler.com to gain tips and insights about investing, personal development, and inspiration through her articles on Wealth and Well-Being.
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