I was just wondering what some of the problems that new investors (or experienced investors) run into throughout their unique investing process. What is your least favorite part about this process and why?
@Nathan Joens I would say analysis paralysis - in the beginning people spend months or years reading and learning but never doing. Sometimes you need to jump right in
No deal is better than a bad deal....ask me how I know!
You have to jump in and just do it. When you buy no matter how much you planned or learned there will be mistakes.
The difference (hopefully) is that the mistakes are very small because you have planned as much as possible to reduce risk. The small mistakes will then be overshadowed by buying right.
Now there is a difference between just getting frustrated and buying into a marginal deal then doing due diligence and talking yourself out of something when it makes sense.
The toughest part is finding out what works for you. This falls more into the realm of self-help than anything. Starting out, I think it's really important to really know who you are - know your strengths and weaknesses. Just by knowing this alone helped to propel my success and get me to where I am today.
Hope that helps!
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