What are your investment beliefs and where did they come from?
With the weekend approaching, it reminded me of catching up with some friends last week.
We were having a BBQ lunch and they were talking about some investment ideas as they have just moved over from New Zealand and were trying to understand the property and share market some more.
I asked them, “What are your investment beliefs?
They didn’t really know how to answer the question , but in return they asked what mine were.
Over the course of the afternoon we discussed back and forth some ideas and it prompted me to think more deeply about this.
Beliefs are ideas that we have come to rely on as being true. Now that doesn’t necessarily mean that they are right or wrong, but we can get very defensive about our beliefs and want to hold on to them, however other beliefs are easily replaced when we are presented with new facts that we accept as true.
Take for example : The world is flat, people used to believe that and as a result it caused them act in a certain way as well as be fearful of something that could never happen – sailing off the edge of the world.
We all know that this isn’t true so we don’t believe that the world is flat. But it does raise some questions:
- Where do our investment beliefs come from?
- Do we have beliefs that serve and support us or hinder us?
- Can you adopt a new belief and replace an old one?
Click here to get access to a document I have titled : Our Investment Beliefs, where I discuss some general investment principles that I believe.
Now that doesn’t mean they need to become your truth but I think they are beliefs that help us to be better investors. Let me know what you think.
Please leave a comment below…
Looking forward to catching up on Monday.
Lynne and I may be a wee bit late as we are still humble working folk.
Site worked well and is very informative.
Regards
Baz.
Hi Barry, I am pleased you are able to make it. We look forward to seeing you when you arrive. Glad you find the information helpful.
Reine
Hi Reine,
Your, “investment beliefs” document is not at odds to my beliefs which I have harboured for many years, only with an expanded number of investment related thought processes.
Many thanks for this incisive document.
Best Regards,
Ken.
Hi Ken,
Thanks for the feedback. I am glad it added to any existing foundations you have already
Great article. Easy to read and understand. Thank you.
Hi Carol,
Thanks for the great feedback. I’m glad you liked it
Excellent article.
I cannot disagree with any of this and find that it is very much in line with my own investment critera.
Thank you for making this available.
Regards
Ray
Hi Ray,
Thanks for taking the time to read through it. I agree that is makes a great deal of sense and many people could save themselves the suffering that they cause by speculating when they call in “investing”
Thank you for taking the time to comment
Enjoyed your new article on “investment beliefs”Sorry unable to come due to work.Hope to catch up soon.
Thanks, look forward to seeing you too.