Habits or Decisions
We think we are taking decisions every time but sorry the decision has already been made.
We are now only justifying the decision. The reality is that majority of the decisions we make are habits we form over a period of time. Habit is a wonderful mechanism to save your Brain Wattage (read: power)
The 3 Critical Decisions or Habits for Investors then are:
- Do you save and invest regularly?
- Do you stay invested throughout no matter what? (and let Compounding do its job)
- Do you invest more when the markets fall?
These 3 are more valuable than any other habits you will ever need as an Investor.