Connect with us

Success Advice

10 Cold Hard Facts About Buying And Selling Shares

Joel Brown (Founder of Addicted2Success.com)

Published

on

Buying-Selling-Stocks-Shares

Are you ready to buy and sell stocks & shares?

It is common knowledge that share market investments yield the best returns over a long period of time, if one knows how to go about it correctly. Success in the stock market depends a lot on the capability and mindset of the investor rather than the market. The same market rewards some people and causes losses to others mainly due to this difference.

Here are ten facts that you should not overlook if you are buying and selling shares.

 

10 Must Know Facts Before You Try To Make Money Selling Shares

 

1. Set your expectations right:

Many people start investing in stock markets hoping to double their money in a year or less. While this is sometimes possible by pure luck or taking insane risks, it is a rare phenomenon and not sustainable over any reasonable length of time. Stock markets give good returns over long periods of time that will be in the range of 10 to 12% annually. If you are looking for something more, you are speculating, not investing and that is a very risky thing to do. Stock market returns are also not fixed, but come with a lot of volatility and even with some short-term losses. So get the expectations right or your emotions will get the better of you and you are very likely to make irrational decisions.

 

2. Stock market investment is a long-term activity:

Short-term movements of the market are just noise or knee-jerk reactions to company or economic news. They are what they are – short-term. There is nothing more to read from it. Benjamin Graham (known as the father of value investing) put this across nicely when he said that in the short-term the market is more like a popularity voting machine and in the long run it is a value weighing machine. Don’t bet on the popularity which goes up and down every other day, bet on the substance. In the long run the markets and stock prices move towards their fundamental valuations. It is unfortunate that many investors bark up the wrong tree and lose money in popularity contests rather than looking for value.

Warren Buffett once said that he would only buy something that he would be happy to hold even if the market stops trading for ten years. This is the kind of long-term view that is required to focus on quality stocks.

 

3. Turn a deaf ear to free investment advice:

Business channels on TV are 24 hour animals, they need to be fed. You will find a lot of analysis going on about why this stock went up or that went down or about which direction it may take based on some future events or predictions. As discussed above, these are most likely short-term movements which may not represent any real change in valuation. Any event that doesn’t affect the valuation of a stock or does not have a long term economic impact does not matter to the long-term stock investor. Keeping out all this noise about short-term market volatility will give you more time to focus on real changes that affect company performance which are the real issues that a smart investor should be focusing on.

 

4. Think and act like the owner of the company:

When you buy a stock, you are buying a share in the company however small it may be. Think about buying a stock like you are buying a company. This means you have to do quite a bit of research about the company, its business, its past performance, checking out its competitive advantages and forecasting future trends in the light of the company’s strengths and the likely economic scenarios. Deciding to buy or sell a stock should not be an impulsive decision, it should be a well thought out decision.

Peter Lynch one of the best in the mutual fund business said that to buy a stock, the company has to be profitable, the business should have a strong competitive advantage and the stock price has to make sense.

 

5. Buy when a stock is cheap and sell when it is high:

This seems to be the obvious thing to do, but knowing when a stock is cheap and when it is time to sell needs an understanding about valuations. Novice stock investors assume that what goes up must keep going up and use the price direction to make their investment decisions. They usually end up buying when the stock is expensive and close to its highs and selling when it is cheap. They thus do the opposite of what they are supposed to be doing. Making investment decisions solely on the basis of price movements is like allowing the tail to wag the dog. Only a person who thinks like an owner and understands valuation will be able to time the market properly.

Benjamin Graham, known as the father of value investing advises that one should never sell in panic just because the prices have fallen and the market is undervaluing a stock, as the prices will bounce back.

Link: (Video) A Fun And Easy To Understand Cartoon Of How The Stock Market Works

 

6. Don’t give undue weightage to a company’s management:

Even the best management team cannot run a company profitably if it has a bad business model and financial position. Management teams can change many times during a company’s life and so it should be given only due weightage and the company’s strengths and weaknesses should take precedence over it. Even an ace driver cannot win a race if the car he is driving is a slow dilapidated vehicle with partially inflated tires.

 

7. Patience is essential, but it is very different from being stubborn:

Never forget the original analysis on the basis of which you purchased a stock. When the outlook of the economy or the company changes check how it impacts the original analysis, valuation and forecasts. If you would not buy a stock based on what you know today, there is no great reason to hold on to it even if you already own it. Patience is when you hold on to a stock in spite of price fluctuations and this will usually be rewarding. You are stubborn when you keep on holding to a stock just because you don’t want to take a loss or want to be proven wrong. This can lead to big losses.

 

8. When an investment is obvious to everybody it is usually time to exit:

Recognizing the signs of the top of a market move allows you to exit when the prices are high. It is a familiar pattern when stock prices go up. When the prices are low, only the smart investors notice it and accumulate it. Then the prices go up, more people start to take notice and buy, pushing the price up further. Next the TV channels start talking about the stock and more people on the sidelines start rushing in. As prices go up further, everyone, their drivers and gardeners are also aware of the stock and there is a mad rush to jump into the bandwagon. This is when the stock is trading at many times its fair price and smart investors quietly sell the stock. When the stock is obvious to the whole world, it is a bad sign and a time to exit. Recognize these signs of a top, because after this point a huge correction is around the corner.

Hedge Fund Manager Jim Cramer emphasized this by saying that bulls and bears make money while pigs get slaughtered. Stocks which are overvalued and still rising are just climbing up a tower to take a suicidal jump.

 

9. A safety margin is always necessary:

The future is always unpredictable and however skilled an investor is in analyzing valuations and forecasting the future, there will be surprises. This could be due to unforeseen events or changes in a company’s internal or external environment. All great investors keep a margin of safety to prevent major losses in the event things don’t go as expected.

 

10. Never put all your eggs in the one basket:

Diversification across many different industries and sectors is the key to a healthy portfolio. Economic events usually impact different sectors differently. Having all stock investments in one or two industries could result in a disaster if an event that impacts them adversely occurs.

It is possible to make money selling shares and obtain handsome returns in the long run, but you must go about it like a businessman and not as a speculator. The ten things mentioned above are cold hard facts that you should always keep in mind while investing in stocks.

 

wall street investor quotesBe sure to checkout our 22 Must Know Investment Quotes By Some Of The Worlds Greatest Investors for some unforgettable investment advice.

 

 

 

Article By: Neil Cloud | Addicted2Success.com

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances. I'm proud to say through my podcast and through this website we have impacted over 100 million lives in the last 6 and a half years.

Advertisement
4 Comments

4 Comments

  1. Julee

    Apr 9, 2014 at 1:40 pm

    Hi my name is Julee and I have learn so much already. I wrote down your contact information. I would like to hear from you thank you

  2. Joel

    Joel

    Jan 25, 2013 at 10:58 am

    Thanks for sharing that with us Peter, yes you are right, this advice is for long term investing. Thanks for dropping by, and Kanwal, that Warren Buffett quote is a classic! nice work.

  3. Kanwal Sarai @ Simply Investing

    Jan 25, 2013 at 1:51 am

    Great advice! This reminds me of Warren Buffett’s words of wisdom “Be greedy when others are fearful, and be fearful when others are greedy.”

  4. Peter Valus

    Jan 24, 2013 at 11:07 am

    Nice post though. I am Trader myself for a while already and, let me just give a little suggestion. In the beginning, just not to frighten newbies, trading and Investing are 2 different things. You (I guess) have been explaining facts about (long term) buyin and selling stocks what is called investing. While trading is intraday activity. So young traders, have belief, this does not apply to you (mostly) at all. But while investing, this is really nice article to follow.

    great job

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

3 Life Lessons in Perseverance to Achieve Your Wildest Dreams

Published

on

perseverance
Image Credit: Unsplash

I have two careers as an actor and a marketer with each having its own unique challenges. However, the number of parallels I continue to find in my chosen professions never ceases to amaze me. Of these lessons, perhaps one of the most valuable is that of persistence, and the mental resilience I’ve had to learn. You can’t be an actor without resilience as I experience rejection dozens of times per week.

Acting is a lesson in endurance, not a sprint. When you think about it though, doesn’t that apply to any career? It’s not easy to “Keep on keeping on.” No matter what path life has led you down, I’m sure you’ve experienced plenty of bumps. Sometimes, those bumps turn into potholes that the universe seems to refuse to fix.

As an actor, rejection is par for the course. Thankfully, I’ve learned how to persevere in spite of it. When life gets especially challenging, and you are dealing with change, disappointment or missteps, make use of these life lessons and continue pressing on towards your goal.

Below are 3 lessons in perseverance which will help you achieve your wildest dreams:

1. Know when it’s time to recalibrate

Goals are an important and necessary tool to reach our full potential. They keep us focused to help make small decisions on a daily basis such as if I should get up for that 8 a.m. run along with bigger decisions such as if I should take a new job offer. While setting goals is essential, don’t let them overpower you.

Tunnel vision in reaching your goals adds unnecessary pressure. This causes us to make mistakes we wouldn’t have made otherwise. Get too obsessed with a goal and you’ll forget the big picture, such as why you chose this course to begin with. Take a lesson from one of my favorite casting directors, Dave Newman of McSweeney Newman Casting.

Forget trying to “make it big” as an actor. It is normal to wait years before booking work with a decent paycheck. If you’re in the room with Dave, it’s hard not to let the pressure take over your performance.

In the words of Dave, as soon as those words from A Chorus Line enter your head, “God, I hope I get it!” it’s time to adjust your mindset. Dave advises taking a step back, refocusing, and doing anything that isn’t acting. Sometimes the best way to reach a goal is by shifting your gaze just for a moment. Take the pressure off and recalibrate your thoughts. You’ll come back recharged with a fresh perspective to pursue your objectives.

“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney

2. Appreciate the journey

Perseverance requires a heaping dose of appreciation. This means acknowledging all the wins in your life, both big and small. Even if you haven’t yet met your goal, remember that you are moving towards it and that alone is an achievement.

As Linda Gillum, Casting Director at Chicago theatre Remy Bumppo explains, “With everything you do, you’re planting seeds.” It takes time for the seeds of success to grow. As an actor, my seeds take a lot of sunshine, water, and gratitude for the little things. A win can be as simple as improving my technique or getting an audition; I can’t base my happiness on booked jobs.

Persistence becomes much easier when you notice your achievements despite those potholes surrounding you. Celebrate the small wins; they’re what milestones are built on. Even if your manager or co-workers don’t recognize your work, give yourself that pat on the back.

To stay motivated, make a mental highlight reel of your achievements. Afterwards, be ready to hit the play button whenever you need a quick pick-me-up.

3. Embrace mistakes or at least be okay with them

No matter how much you hate mistakes, they’ll keep happening. Some people seem to move on from mistakes quickly, letting them roll off their backs. For others, that’s not the case (If you’re fighting to be perfect or gain confidence I’m talking to you!). The fear to avoid mistakes can be crippling.

This is also true in acting, where you work and wait years for a five-minute audition that could change everything. However, my best work won’t come unless I live in the moment and trust my instincts. And you know what that means, things can go wrong in an instant. But guess what? I still have to dive in, and I mean all in. If I don’t risk it all, my audition will suck, and I’ll lose before I even walk through the door.

We all recognize that positives, including life lessons, come from mistakes. However, that doesn’t stop the nosedive mistakes caused on emotions and confidence. Sometimes, we do everything in our power to avoid that feeling.

“The phoenix must burn to emerge.” – Janet Fitch

Remember that there’s truth in the statement, “The biggest mistake is not making mistakes.” One way to get over your fear of failure is to make your focus on continuous improvement, not perfection. Teaching yourself to be okay with mistakes takes time but is necessary to maintain resilience.

You can allow yourself a learning curve, but it is essential to work on letting go of missteps. It takes practice to let go of the could have or would have statements. The good news is practice and persistence go hand-in-hand.

Take stock of what makes you happy in life, and turn to those things when mistakes happen. Little by little, as you learn to turn your attention elsewhere when missteps occur, you’ll train your brain to move on. This is how mistakes lose their power over you and enable you to pursue your goal with confidence.

Persistence is a state of mind. In the end, it means being kind to yourself. Know when to give yourself a break and pat on the back as you recharge your batteries. Then, you’ll find yourself able to maneuver whatever twists and turns life throws your way.

How do you remain determined in reaching your goals when it seems like the day won’t come? Let us know your advice and tips for your fellow entrepreneurs below!

Continue Reading

Success Advice

Dress for Success: 4 Small Fashion Choices That Make All the Difference

Published

on

dress for success
Image Credit: Twenty20.com

When it comes to succeeding in business, making a good impression is just as much about your inner qualities as it is about your outer presentation. The fact of the matter is that your clothing and color choices, affect others’ perception of you. Believe it or not, you can achieve fashion-inspired success without splurging on a pair of Louboutins or shelling out $1000 for a designer suit. Just a few striking accessories can often complete the picture.

It may sound ridiculous that small accessories can affect the vibe you give off. It’s true, and certain accessories can even send certain messages. A recent study conducted by the University of Hertfordshire found that well-dressed male figures (whose faces were not shown) were perceived to be more confident, trustworthy, and well-to-do. Even minor adjustments to their clothing, such as adding on an accessory or more closely tailoring the suit, impacted these impressions.

However, our clothes not only impact the way others perceive us, but the way we perceive ourselves. A study conducted by the Scientific American, found that those who “suit up” performed better in cognitive tests. It suggests that being well-dressed releases more testosterone, which in turn increases confidence.

This allows well-dressed professionals to negotiate better deals, and in the long run, potentially make more money. So, maybe you’ve got the clothes, but what are the finishing touches you can put on your outfit to send an even stronger message? See below!

1. Wear a watch

A beautiful watch makes all the difference – and this goes for men and women. Even a simple button-down and jeans, or plain-colored dress, can be exponentially stylized by a standout watch. Charismatic individuals tend to talk more with their hands, too, as this captivates their listeners. Wearing a flashy wrist accessory like a watch will make your points even more engrossing. Furthermore, wearing a watch sends a subconscious message: you’re always on time. Individuals who wear a watch can always keep track of time and therefore, will never be late to a meeting.

“To me, clothing is a form of self-expression – There are hints about who you are in what you wear.” – Marc Jacobs

2. Tie it off with a tie pin

The one criticism of men’s business fashion is that it lacks variety. Let’s face it, while women have an infinite number of patterns, dress lengths, colors, and sleeve styles to choose from, men are pretty much locked into one outfit: the suit. You can buy one in suede, another in navy blue, throw in a paisley tie, but it’s simply not enough.

Adding on a tie pin will make a significant difference. Not only does it add a little shimmer to an otherwise dull suit, but it adds personality too. The kind of tie pin you choose says a lot about you. Maybe you’re a simple guy who just likes sterling silver, or you may choose to tout your school pride by wearing the colors of your alma mater (which, by the way, can also make a great conversation starter).

You can also create custom tie pins that feature the name of your company, or perhaps a saying that you’re fond of. The options are limitless.

3. A quality briefcase

It doesn’t even matter if you have nothing to carry around, the key is to never show up empty-handed. A quality leather briefcase is an important asset for men and women. Backpacks and most handbags don’t signify professionalism. A briefcase, on the other hand, symbolizes professionalism and importance. After all, what else would you carry in a briefcase except for a load of important documents and files, right?

The truth is, it doesn’t matter if all you have in your briefcase is a Kit-Kat Bar. All that matters is that it’s by your side and contains the essentials – a beautiful silver pen (perhaps with your name engraved), a notepad or iPad, and business cards that can be pulled out in a flash without having to rummage through your pockets.

“You can have anything you want in life if you dress for it.” – Edith Head

4. Nice sunglasses

It’s a sunny day and you’ve got a working lunch across town. Rather than squinting your way from Point A to Point B, top off your look with a pair of stylish sunglasses. Not only do these send a more casual vibe when tucked in your pocket, but the right sunglasses can give you a sleek aesthetic (think 007, but with business lunches). Wayfarers a la Audrey Hepburn and aviators a la Tom Cruise are the go-to choices for business professional sunglasses. You can’t go wrong with either of these styles.

The bottom line is that you choose how you wish to be viewed. The lesson here is much akin to the old adage: “don’t dress for the job you have, dress for the job you want.” And if you have the job you want, don’t send your fashion choices to the sidelines. Not only can clothes/accessories indicate our knowledge and experience, but also our authority.

How has a nice outfit helped you in your professional career? Comment below!

Image courtesy of Twenty20.com

Continue Reading

Success Advice

How Creativity Leads to a More Successful Life

Published

on

creativity
Image Credit: Twenty20.com

Human beings are curious, inquisitive and creative. We have a deep desire to make meaning of our world and each other by creating. Each culture brings new ideas and meaning to gain a sense of belonging and purpose. Success comes from understanding your contribution to the world and the spark of this contribution comes from a creative place. Understanding the power that comes from creativity can help to elevate you in many ways.

Mary Lou Cook said, “Creativity is inventing, experimenting, growing, taking risks, breaking rules, making mistakes and having fun.” Having fun is part of the human experiment that not only provides a sense of purpose, but builds our humanity and scales our ability to succeed. Too many of us don’t allow ourselves a creative outlet or space because we don’t see the value in it if it doesn’t lead to a specific outcome.

Creativity is ever more important in today’s connection economy, because it is the outcome. As the world continues to race toward innovation, faster, cheaper, and quicker, are what distinguishes us from the crowd in terms of individual creative contribution. The more we share and create, the more we find out how valuable this concept is. Creativity cannot be outsourced, it must be cultivated, challenged, and inspired by human curiosity.

Below are 4 ways in which creativity leads to a more successful life:

1. Creativity Creates Deeper Connection to Work

Creativity is the act of experimenting and learning about what works and what may not. When we see creativity as a part of our work and not something left to a small artistic elite then we can create a deeper connection to the work we are meant to do in the world. If we see work as a part of our bigger purpose then our success will increase when we spend time being creative.

The more your creative footprint can be seen, understood, and felt, the more impact you will have. If you see an opportunity to think outside of the box in a particular situation because you see the world differently than your peers, then you have the edge to provide value that no one else can. And, guess what? Each one of us sees the world differently as part of our own uniqueness.

You already possess that special edge even if you were unsure of it before now. If you constantly avoid sharing your creative thoughts you are resisting your inner talents and hiding from the possibilities that lie within the power of your creativity.

“The cure for boredom is curiosity. There is no cure for curiosity.” – Dorothy Parker

2. Incorporate More Creativity into Your Life

One of the ways you can grow in your ability to bring creativity in your life is to spend time having a “What if” mentality. Spending quality time wondering, dreaming and not stressed about the consequences of being wrong can be freeing.

If what we created wasn’t judged or had no real consequence beyond an act of wonder, we might dream up new solutions to old problems. Elon Musk allowed this “What if” mentality wondering what if he created a company that would make commercial space flight possible? His company is built not around what is, but what might be.

By bringing this sense of wonder and playfulness into our work, life and contribution, we can let go of some of the self-imposed limits we have placed on our own success. If we treat our work and life a bit more like play, we will see a growth in our ability to perform and contribute even more to the already exciting and wonderful world we live in.

3. Opportunity for New Thinking

Sometimes when we are working on a project, either in a team or solo, we might find that we are hitting a wall with a project or in finding a solution to a problem. Instead of looking for the answer, sometimes we need to allow our creative brain to play and search for answers that might be hidden.

By hidden, I mean not yet created. Take some time to remove yourself from the work at hand and just wonder. Consider ways that might seem impossible to do but might spark new ideas. New learning can come from adding two crazy ideas together or taking an old idea and making a wild new way of thinking about it.

For example, posing a question and just wondering about a solution might spark a solution that was not seen. How might we improve the passenger boarding process at the airport so that we can foresee new ideas that were not there before.

“Every child is an artist, the problem is staying an artist when you grow up” – Pablo Picasso

4. Create New Learning Pathways and Increase Brain Activity

When we are creative, we start to open our minds to new thinking. We begin to see new thinking and opportunities that we didn’t notice before. We also silence our amygdala or our lizard brain that is often in fight or flight mode to protect us.

When we are in a state of creative flow we silence the need to protect ourselves and find more peace and openness to new ideas and success. Try drawing on paper using colors, images and textures to visually create and noodle over ideas.

By using colors and a variety of mixed media aside from computers, smartphones and other electronics, you will invite a playful, often semi-dormant, part of your subconscious mind to work in upping your creativity game. The subtle connections and associations that occur in our brains when we use visualization can lead us to embark on new discoveries and success.

How has using your own creativity helped you succeed? Let us know in the comments below!

Image courtesy of Twenty20.com

Continue Reading

Success Advice

Challenge Your Comfort Zone: 4 Behaviors to Master Effortless Execution

Published

on

get out of your comfort zone
Image Credit: Unsplash

Comfort zones are strange psychological oddities. They exist, but they are hard to pin down. Here is a comfort zone summary: In each of us there exists a psychological boundary. As long as we behave within the confines of that boundary, in other words, inside the zone, we feel by definition, comfortable. When we venture outside of the boundary, we feel uncomfortable.

Think about waking up and brushing your teeth. Are you challenged? That behavior has become so ingrained into your personal morning routine that you probably don’t even think about it or remember doing it.

Now, think about having to give a 30-minute presentation to the board of directors of your company. Are you palms starting to sweat yet? In the former example, we are well within our comfort zone while in the latter, well on the outside of it. The question before us is how do we expand our comfort zone so that a behavior like speaking in front of the board of directors is just as easy as brushing our teeth?

I have been training and coaching on comfort zone expansion for many years, and I’ve come up with 4 behaviors that will get you outside of your comfort zone so that you too can experience the joys associated with continued success.

Before I give you the behaviors, let me cover a few axioms that should sell you on the idea as to why you want to get your comfort zone to expand. (Keep in mind the expansion (or contraction) of your comfort zone is totally up to you. It is a decision that you need to make and that you need to follow through on. No one can do it for you!)

Axioms:

  • Successful people do what unsuccessful people are unwilling to do! Face it, the reason people become successful is because of achievement! They have a bias toward action.
  • Successful people are people who reside at the edge of their comfort zone. These are the people that volunteer to take on that tough client, head up that tough project, chair that committee that no one else wants to. Don’t get me wrong, they are nervous and doubtful of their abilities and are afraid, but they do it anyway. Why? Because they are hardwired for success.
  • Successful people are people who begin to feel comfortable feeling uncomfortable. These are people who are consistently on the edge of their comfort zone, thus they got use to it. Now, taking on the tough assignment is second nature to them.

“Move out of your comfort zone. You can only grow if you are willing to feel awkward and uncomfortable when you try something new.” – Brian Tracy

So, as you can see, success and stepping outside of the boundaries in which you feel safe and secure are really the same thing. Success comes to those who say they have the courage to try something new; something different.

How do you develop a bias toward action and stepping outside of your comfort zone? Try these 4 behaviors:

1. Do the same thing you have always done, only do it different

Take a different route to work. Try a different place for lunch (or at least something different on the menu). Use a different treadmill at the gym. Take a different route on your evening run. Get the idea? Take a different spin on the same old – same old.

2. Do the same thing you have always done, just do more of it

So, you wake up at 5:30 and run a mile? Good for you. Try waking up at 5:15 and run a mile and half. Is that too much of a change? No problem. Take 2 weeks to just wake up at 5:15. Spend a few extra minutes getting use to that time. Then start your mile and a half run after the 2 weeks of getting up 15 minutes early.

3. Stretch yourself; challenge yourself

But don’t venture so far outside of your comfort zone that you lose hope and get demotivated. If you have never exercised before, don’t expect to spend 3 hours at the gym your first day. (I love working out, but if I ever had to spend 3 hours at the gym, even after all these years, I would probably join the kingdom of coach potato!) Go slow, but go steady. No one says that you need to go a mile outside of your zone. Try venturing out an inch, then another inch, then a foot, and so on.

“There is no challenge more challenging than the challenge to improve yourself.”

4. Celebrate your victories

Congratulate yourself on your little successes. There is nothing so demotivating as to tell yourself that you will celebrate after victory, but never have a solid definition of success to gauge your celebration against.

If you begin to practice these behaviors and do so on a daily basis, you will begin to become aware of the fact that you are living on the edge of your comfort zone. You are trying new things that frighten you but are relishing in the exhilaration of those exciting new behaviors.

Richard Branson said that if our goals don’t scare us, they aren’t big enough. The way you determine bigger goals is to step outside of that land that is safe and secure and venture out into the wilderness of that frightening land of discomfort. Soon, you will claim that land as your own and it will be comfortable.

You may ask, what should I do then? That is, when I have attained comfort in doing what I felt uncomfortable doing in the past? The answer is simple: Keep going!

What is a big goal you have for yourself which you want to accomplish by the end of the year? Let us know in the comments so we can all encourage each other!

Continue Reading

Trending

Success Advice

3 Life Lessons in Perseverance to Achieve Your Wildest Dreams

Published

on

perseverance
Image Credit: Unsplash

I have two careers as an actor and a marketer with each having its own unique challenges. However, the number of parallels I continue to find in my chosen professions never ceases to amaze me. Of these lessons, perhaps one of the most valuable is that of persistence, and the mental resilience I’ve had to learn. You can’t be an actor without resilience as I experience rejection dozens of times per week. (more…)

Kristen McCabe is a marketer at G2 Crowd who calls both Chicago and Australia home. Her background includes marketing, events, and public relations across various industries including film, publishing, professional associations, and tech. Also an actor, Kristen loves applying the craft of acting to the profession of marketing to create marketing strategies with authenticity and heart. Find Kristen on Twitter:  @AusmericanGirl

Advertisement
4 Comments

4 Comments

  1. Julee

    Apr 9, 2014 at 1:40 pm

    Hi my name is Julee and I have learn so much already. I wrote down your contact information. I would like to hear from you thank you

  2. Joel

    Joel

    Jan 25, 2013 at 10:58 am

    Thanks for sharing that with us Peter, yes you are right, this advice is for long term investing. Thanks for dropping by, and Kanwal, that Warren Buffett quote is a classic! nice work.

  3. Kanwal Sarai @ Simply Investing

    Jan 25, 2013 at 1:51 am

    Great advice! This reminds me of Warren Buffett’s words of wisdom “Be greedy when others are fearful, and be fearful when others are greedy.”

  4. Peter Valus

    Jan 24, 2013 at 11:07 am

    Nice post though. I am Trader myself for a while already and, let me just give a little suggestion. In the beginning, just not to frighten newbies, trading and Investing are 2 different things. You (I guess) have been explaining facts about (long term) buyin and selling stocks what is called investing. While trading is intraday activity. So young traders, have belief, this does not apply to you (mostly) at all. But while investing, this is really nice article to follow.

    great job

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

3 Life Lessons in Perseverance to Achieve Your Wildest Dreams

Published

on

perseverance
Image Credit: Unsplash

I have two careers as an actor and a marketer with each having its own unique challenges. However, the number of parallels I continue to find in my chosen professions never ceases to amaze me. Of these lessons, perhaps one of the most valuable is that of persistence, and the mental resilience I’ve had to learn. You can’t be an actor without resilience as I experience rejection dozens of times per week.

Acting is a lesson in endurance, not a sprint. When you think about it though, doesn’t that apply to any career? It’s not easy to “Keep on keeping on.” No matter what path life has led you down, I’m sure you’ve experienced plenty of bumps. Sometimes, those bumps turn into potholes that the universe seems to refuse to fix.

As an actor, rejection is par for the course. Thankfully, I’ve learned how to persevere in spite of it. When life gets especially challenging, and you are dealing with change, disappointment or missteps, make use of these life lessons and continue pressing on towards your goal.

Below are 3 lessons in perseverance which will help you achieve your wildest dreams:

1. Know when it’s time to recalibrate

Goals are an important and necessary tool to reach our full potential. They keep us focused to help make small decisions on a daily basis such as if I should get up for that 8 a.m. run along with bigger decisions such as if I should take a new job offer. While setting goals is essential, don’t let them overpower you.

Tunnel vision in reaching your goals adds unnecessary pressure. This causes us to make mistakes we wouldn’t have made otherwise. Get too obsessed with a goal and you’ll forget the big picture, such as why you chose this course to begin with. Take a lesson from one of my favorite casting directors, Dave Newman of McSweeney Newman Casting.

Forget trying to “make it big” as an actor. It is normal to wait years before booking work with a decent paycheck. If you’re in the room with Dave, it’s hard not to let the pressure take over your performance.

In the words of Dave, as soon as those words from A Chorus Line enter your head, “God, I hope I get it!” it’s time to adjust your mindset. Dave advises taking a step back, refocusing, and doing anything that isn’t acting. Sometimes the best way to reach a goal is by shifting your gaze just for a moment. Take the pressure off and recalibrate your thoughts. You’ll come back recharged with a fresh perspective to pursue your objectives.

“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney

2. Appreciate the journey

Perseverance requires a heaping dose of appreciation. This means acknowledging all the wins in your life, both big and small. Even if you haven’t yet met your goal, remember that you are moving towards it and that alone is an achievement.

As Linda Gillum, Casting Director at Chicago theatre Remy Bumppo explains, “With everything you do, you’re planting seeds.” It takes time for the seeds of success to grow. As an actor, my seeds take a lot of sunshine, water, and gratitude for the little things. A win can be as simple as improving my technique or getting an audition; I can’t base my happiness on booked jobs.

Persistence becomes much easier when you notice your achievements despite those potholes surrounding you. Celebrate the small wins; they’re what milestones are built on. Even if your manager or co-workers don’t recognize your work, give yourself that pat on the back.

To stay motivated, make a mental highlight reel of your achievements. Afterwards, be ready to hit the play button whenever you need a quick pick-me-up.

3. Embrace mistakes or at least be okay with them

No matter how much you hate mistakes, they’ll keep happening. Some people seem to move on from mistakes quickly, letting them roll off their backs. For others, that’s not the case (If you’re fighting to be perfect or gain confidence I’m talking to you!). The fear to avoid mistakes can be crippling.

This is also true in acting, where you work and wait years for a five-minute audition that could change everything. However, my best work won’t come unless I live in the moment and trust my instincts. And you know what that means, things can go wrong in an instant. But guess what? I still have to dive in, and I mean all in. If I don’t risk it all, my audition will suck, and I’ll lose before I even walk through the door.

We all recognize that positives, including life lessons, come from mistakes. However, that doesn’t stop the nosedive mistakes caused on emotions and confidence. Sometimes, we do everything in our power to avoid that feeling.

“The phoenix must burn to emerge.” – Janet Fitch

Remember that there’s truth in the statement, “The biggest mistake is not making mistakes.” One way to get over your fear of failure is to make your focus on continuous improvement, not perfection. Teaching yourself to be okay with mistakes takes time but is necessary to maintain resilience.

You can allow yourself a learning curve, but it is essential to work on letting go of missteps. It takes practice to let go of the could have or would have statements. The good news is practice and persistence go hand-in-hand.

Take stock of what makes you happy in life, and turn to those things when mistakes happen. Little by little, as you learn to turn your attention elsewhere when missteps occur, you’ll train your brain to move on. This is how mistakes lose their power over you and enable you to pursue your goal with confidence.

Persistence is a state of mind. In the end, it means being kind to yourself. Know when to give yourself a break and pat on the back as you recharge your batteries. Then, you’ll find yourself able to maneuver whatever twists and turns life throws your way.

How do you remain determined in reaching your goals when it seems like the day won’t come? Let us know your advice and tips for your fellow entrepreneurs below!

Continue Reading

Success Advice

Dress for Success: 4 Small Fashion Choices That Make All the Difference

Published

on

dress for success
Image Credit: Twenty20.com

When it comes to succeeding in business, making a good impression is just as much about your inner qualities as it is about your outer presentation. The fact of the matter is that your clothing and color choices, affect others’ perception of you. Believe it or not, you can achieve fashion-inspired success without splurging on a pair of Louboutins or shelling out $1000 for a designer suit. Just a few striking accessories can often complete the picture.

It may sound ridiculous that small accessories can affect the vibe you give off. It’s true, and certain accessories can even send certain messages. A recent study conducted by the University of Hertfordshire found that well-dressed male figures (whose faces were not shown) were perceived to be more confident, trustworthy, and well-to-do. Even minor adjustments to their clothing, such as adding on an accessory or more closely tailoring the suit, impacted these impressions.

However, our clothes not only impact the way others perceive us, but the way we perceive ourselves. A study conducted by the Scientific American, found that those who “suit up” performed better in cognitive tests. It suggests that being well-dressed releases more testosterone, which in turn increases confidence.

This allows well-dressed professionals to negotiate better deals, and in the long run, potentially make more money. So, maybe you’ve got the clothes, but what are the finishing touches you can put on your outfit to send an even stronger message? See below!

1. Wear a watch

A beautiful watch makes all the difference – and this goes for men and women. Even a simple button-down and jeans, or plain-colored dress, can be exponentially stylized by a standout watch. Charismatic individuals tend to talk more with their hands, too, as this captivates their listeners. Wearing a flashy wrist accessory like a watch will make your points even more engrossing. Furthermore, wearing a watch sends a subconscious message: you’re always on time. Individuals who wear a watch can always keep track of time and therefore, will never be late to a meeting.

“To me, clothing is a form of self-expression – There are hints about who you are in what you wear.” – Marc Jacobs

2. Tie it off with a tie pin

The one criticism of men’s business fashion is that it lacks variety. Let’s face it, while women have an infinite number of patterns, dress lengths, colors, and sleeve styles to choose from, men are pretty much locked into one outfit: the suit. You can buy one in suede, another in navy blue, throw in a paisley tie, but it’s simply not enough.

Adding on a tie pin will make a significant difference. Not only does it add a little shimmer to an otherwise dull suit, but it adds personality too. The kind of tie pin you choose says a lot about you. Maybe you’re a simple guy who just likes sterling silver, or you may choose to tout your school pride by wearing the colors of your alma mater (which, by the way, can also make a great conversation starter).

You can also create custom tie pins that feature the name of your company, or perhaps a saying that you’re fond of. The options are limitless.

3. A quality briefcase

It doesn’t even matter if you have nothing to carry around, the key is to never show up empty-handed. A quality leather briefcase is an important asset for men and women. Backpacks and most handbags don’t signify professionalism. A briefcase, on the other hand, symbolizes professionalism and importance. After all, what else would you carry in a briefcase except for a load of important documents and files, right?

The truth is, it doesn’t matter if all you have in your briefcase is a Kit-Kat Bar. All that matters is that it’s by your side and contains the essentials – a beautiful silver pen (perhaps with your name engraved), a notepad or iPad, and business cards that can be pulled out in a flash without having to rummage through your pockets.

“You can have anything you want in life if you dress for it.” – Edith Head

4. Nice sunglasses

It’s a sunny day and you’ve got a working lunch across town. Rather than squinting your way from Point A to Point B, top off your look with a pair of stylish sunglasses. Not only do these send a more casual vibe when tucked in your pocket, but the right sunglasses can give you a sleek aesthetic (think 007, but with business lunches). Wayfarers a la Audrey Hepburn and aviators a la Tom Cruise are the go-to choices for business professional sunglasses. You can’t go wrong with either of these styles.

The bottom line is that you choose how you wish to be viewed. The lesson here is much akin to the old adage: “don’t dress for the job you have, dress for the job you want.” And if you have the job you want, don’t send your fashion choices to the sidelines. Not only can clothes/accessories indicate our knowledge and experience, but also our authority.

How has a nice outfit helped you in your professional career? Comment below!

Image courtesy of Twenty20.com

Continue Reading

Success Advice

How Creativity Leads to a More Successful Life

Published

on

creativity
Image Credit: Twenty20.com

Human beings are curious, inquisitive and creative. We have a deep desire to make meaning of our world and each other by creating. Each culture brings new ideas and meaning to gain a sense of belonging and purpose. Success comes from understanding your contribution to the world and the spark of this contribution comes from a creative place. Understanding the power that comes from creativity can help to elevate you in many ways.

Mary Lou Cook said, “Creativity is inventing, experimenting, growing, taking risks, breaking rules, making mistakes and having fun.” Having fun is part of the human experiment that not only provides a sense of purpose, but builds our humanity and scales our ability to succeed. Too many of us don’t allow ourselves a creative outlet or space because we don’t see the value in it if it doesn’t lead to a specific outcome.

Creativity is ever more important in today’s connection economy, because it is the outcome. As the world continues to race toward innovation, faster, cheaper, and quicker, are what distinguishes us from the crowd in terms of individual creative contribution. The more we share and create, the more we find out how valuable this concept is. Creativity cannot be outsourced, it must be cultivated, challenged, and inspired by human curiosity.

Below are 4 ways in which creativity leads to a more successful life:

1. Creativity Creates Deeper Connection to Work

Creativity is the act of experimenting and learning about what works and what may not. When we see creativity as a part of our work and not something left to a small artistic elite then we can create a deeper connection to the work we are meant to do in the world. If we see work as a part of our bigger purpose then our success will increase when we spend time being creative.

The more your creative footprint can be seen, understood, and felt, the more impact you will have. If you see an opportunity to think outside of the box in a particular situation because you see the world differently than your peers, then you have the edge to provide value that no one else can. And, guess what? Each one of us sees the world differently as part of our own uniqueness.

You already possess that special edge even if you were unsure of it before now. If you constantly avoid sharing your creative thoughts you are resisting your inner talents and hiding from the possibilities that lie within the power of your creativity.

“The cure for boredom is curiosity. There is no cure for curiosity.” – Dorothy Parker

2. Incorporate More Creativity into Your Life

One of the ways you can grow in your ability to bring creativity in your life is to spend time having a “What if” mentality. Spending quality time wondering, dreaming and not stressed about the consequences of being wrong can be freeing.

If what we created wasn’t judged or had no real consequence beyond an act of wonder, we might dream up new solutions to old problems. Elon Musk allowed this “What if” mentality wondering what if he created a company that would make commercial space flight possible? His company is built not around what is, but what might be.

By bringing this sense of wonder and playfulness into our work, life and contribution, we can let go of some of the self-imposed limits we have placed on our own success. If we treat our work and life a bit more like play, we will see a growth in our ability to perform and contribute even more to the already exciting and wonderful world we live in.

3. Opportunity for New Thinking

Sometimes when we are working on a project, either in a team or solo, we might find that we are hitting a wall with a project or in finding a solution to a problem. Instead of looking for the answer, sometimes we need to allow our creative brain to play and search for answers that might be hidden.

By hidden, I mean not yet created. Take some time to remove yourself from the work at hand and just wonder. Consider ways that might seem impossible to do but might spark new ideas. New learning can come from adding two crazy ideas together or taking an old idea and making a wild new way of thinking about it.

For example, posing a question and just wondering about a solution might spark a solution that was not seen. How might we improve the passenger boarding process at the airport so that we can foresee new ideas that were not there before.

“Every child is an artist, the problem is staying an artist when you grow up” – Pablo Picasso

4. Create New Learning Pathways and Increase Brain Activity

When we are creative, we start to open our minds to new thinking. We begin to see new thinking and opportunities that we didn’t notice before. We also silence our amygdala or our lizard brain that is often in fight or flight mode to protect us.

When we are in a state of creative flow we silence the need to protect ourselves and find more peace and openness to new ideas and success. Try drawing on paper using colors, images and textures to visually create and noodle over ideas.

By using colors and a variety of mixed media aside from computers, smartphones and other electronics, you will invite a playful, often semi-dormant, part of your subconscious mind to work in upping your creativity game. The subtle connections and associations that occur in our brains when we use visualization can lead us to embark on new discoveries and success.

How has using your own creativity helped you succeed? Let us know in the comments below!

Image courtesy of Twenty20.com

Continue Reading

Success Advice

Challenge Your Comfort Zone: 4 Behaviors to Master Effortless Execution

Published

on

get out of your comfort zone
Image Credit: Unsplash

Comfort zones are strange psychological oddities. They exist, but they are hard to pin down. Here is a comfort zone summary: In each of us there exists a psychological boundary. As long as we behave within the confines of that boundary, in other words, inside the zone, we feel by definition, comfortable. When we venture outside of the boundary, we feel uncomfortable.

Think about waking up and brushing your teeth. Are you challenged? That behavior has become so ingrained into your personal morning routine that you probably don’t even think about it or remember doing it.

Now, think about having to give a 30-minute presentation to the board of directors of your company. Are you palms starting to sweat yet? In the former example, we are well within our comfort zone while in the latter, well on the outside of it. The question before us is how do we expand our comfort zone so that a behavior like speaking in front of the board of directors is just as easy as brushing our teeth?

I have been training and coaching on comfort zone expansion for many years, and I’ve come up with 4 behaviors that will get you outside of your comfort zone so that you too can experience the joys associated with continued success.

Before I give you the behaviors, let me cover a few axioms that should sell you on the idea as to why you want to get your comfort zone to expand. (Keep in mind the expansion (or contraction) of your comfort zone is totally up to you. It is a decision that you need to make and that you need to follow through on. No one can do it for you!)

Axioms:

  • Successful people do what unsuccessful people are unwilling to do! Face it, the reason people become successful is because of achievement! They have a bias toward action.
  • Successful people are people who reside at the edge of their comfort zone. These are the people that volunteer to take on that tough client, head up that tough project, chair that committee that no one else wants to. Don’t get me wrong, they are nervous and doubtful of their abilities and are afraid, but they do it anyway. Why? Because they are hardwired for success.
  • Successful people are people who begin to feel comfortable feeling uncomfortable. These are people who are consistently on the edge of their comfort zone, thus they got use to it. Now, taking on the tough assignment is second nature to them.

“Move out of your comfort zone. You can only grow if you are willing to feel awkward and uncomfortable when you try something new.” – Brian Tracy

So, as you can see, success and stepping outside of the boundaries in which you feel safe and secure are really the same thing. Success comes to those who say they have the courage to try something new; something different.

How do you develop a bias toward action and stepping outside of your comfort zone? Try these 4 behaviors:

1. Do the same thing you have always done, only do it different

Take a different route to work. Try a different place for lunch (or at least something different on the menu). Use a different treadmill at the gym. Take a different route on your evening run. Get the idea? Take a different spin on the same old – same old.

2. Do the same thing you have always done, just do more of it

So, you wake up at 5:30 and run a mile? Good for you. Try waking up at 5:15 and run a mile and half. Is that too much of a change? No problem. Take 2 weeks to just wake up at 5:15. Spend a few extra minutes getting use to that time. Then start your mile and a half run after the 2 weeks of getting up 15 minutes early.

3. Stretch yourself; challenge yourself

But don’t venture so far outside of your comfort zone that you lose hope and get demotivated. If you have never exercised before, don’t expect to spend 3 hours at the gym your first day. (I love working out, but if I ever had to spend 3 hours at the gym, even after all these years, I would probably join the kingdom of coach potato!) Go slow, but go steady. No one says that you need to go a mile outside of your zone. Try venturing out an inch, then another inch, then a foot, and so on.

“There is no challenge more challenging than the challenge to improve yourself.”

4. Celebrate your victories

Congratulate yourself on your little successes. There is nothing so demotivating as to tell yourself that you will celebrate after victory, but never have a solid definition of success to gauge your celebration against.

If you begin to practice these behaviors and do so on a daily basis, you will begin to become aware of the fact that you are living on the edge of your comfort zone. You are trying new things that frighten you but are relishing in the exhilaration of those exciting new behaviors.

Richard Branson said that if our goals don’t scare us, they aren’t big enough. The way you determine bigger goals is to step outside of that land that is safe and secure and venture out into the wilderness of that frightening land of discomfort. Soon, you will claim that land as your own and it will be comfortable.

You may ask, what should I do then? That is, when I have attained comfort in doing what I felt uncomfortable doing in the past? The answer is simple: Keep going!

What is a big goal you have for yourself which you want to accomplish by the end of the year? Let us know in the comments so we can all encourage each other!

Continue Reading

Trending