The Most Important Factor in Investment Success is not Money. Are you surprised?

26^th May 2022

 

The Most Important Factor in Investment Success is not Money. Are you surprised?

 

Dear Fellow Investors,

 

Namaste! The search for success is as old as human race. Whether it was killing an animal for the food / protecting near and dear from the animal attacks / start farming or in recent times success in career / relationships or investing. There are N number of areas of success and it all depends on the person how he defines his or her success. Today we are sharing with you the most important factor for success in any area. Since my field is investing – I have seen many small investors believes that if they had money – they would have made it big. They are 1000% wrong in their belief. The real reason is something else.

 

The Most Important Factor for Investment success is “YOU”: -

 

Yes. You are the most important factor. If you are not there – who is interested in becoming successful. Now, let us see this “You” in various ways. 

 

Do you know the Strengths of “You”?

Most people think they know what they are good at. They are usually wrong. More often, people know what they are not good at—and even then more people are wrong than right. And yet, a person can perform only from strength. One cannot build performance on weaknesses, let alone on something one cannot do at all. 

The only way to discover your strengths is through feedback analysis. Whenever you make a key decision or take a key action, write down what you expect will happen. Nine or 12 months later, compare the actual results with your expectations. I have been practicing this method for about 25 years now, and every time I do it, I am surprised with my original belief about my strengths and my actual results. 

So, find out your STRENGTHS.

 

How do “YOU” perform?

 

Most of the times in the areas of Investing – How do you do your investments is a major question rather than what are your strengths.

Like one’s strengths, how one performs is unique. It is a matter of personality. Whether personality be a matter of nature or nurture, it surely is formed long before a person goes to work. And how a person performs is a given, just as what a person is good at or not good at is a given. A person’s way of performing can be slightly modified, but it is unlikely to be completely changed—and certainly not easily 

The master principle of performance is – “The way you do ANYTHING – you will do everything.” 

 

So, focus on your way of investing.

 

Are you a READER or LISTNER?

 

99% of the people who are talking about the RELIGIONS have not taken the pains to read their respective religions books in details. They have believed whatever has been told to them by their PREACHERS. 

 

Investment is a serious business and it requires that one reads and reads a lot. To avoid that – people find out the easiest solutions – to ask and listen. Since they have not read – their asking is also elementary. They can’t ask detailed questions.

 

For investment success – READING is a MUST. 

 

How Do You LEARN?

 

This is also a very personal phenomenon. The way you perform depends on the way you LEARN. Many school dropouts are on TOP today because listening or reading were not their way to LEARN. Their way to learn was to Do it themselves.

 

I have observed during my school days – many students used to write in order to remember the answers. They can’t remember by reading or listening. 

 

There can’t be one way to learn for all.

 

What are your “Values”?

 

Some people are really focused on SHORT TERM results and they are ready to do any things for the same. The same way – some people have long term focus. Now, how they perform / how they learn / what are their strengths depends on their value system. 

 

Many times, some strengths become weaknesses due to mixing with the inappropriate value system. 

 

This is one of the most important factors deciding your success in any area. 

 

Which area do you BELONG?

 

Recently, I am observing a new phenomenon. People take some degree and then they change to the other areas or go for study in the 100% different areas. A guy known to me took engineering degree and went to become a MASTER CHEF. 

 

I have always followed – “Better late than never”. However, if he had known earlier about his interest in cooking – he could have saved his time and money for the engineering education. 

 

So, it is utmost important to know where you belong. 

 

I can list many other areas of your “YOU”. However, the above 6 areas are the most important aspects of your “YOU”. Depending upon your answers of all the above 6 questions you can determine something concrete about you. Once you know yourself in these details – you can change / modify or adjust to the new normal situations of the MARKET easily. 

 

What NEXT?

 

The above is the way of PETER DRUKER – the management Guru. He is logical and scientific in his ideas. The problem is the most people don’t have the skill sets and intentions to think on all the 6 areas in details. 

 

In Gita chapter 18, slok number 13-14, Lord Krishna talks about the 5 factors of success. Your VASTU / YOU / Your RESOURCES / Your Skills to use your resources and your FATE. At Destiny Management – we deal with all the 5 factors while dealing with our client’s issues. 

 

We call it holistic approach to success.  

 

Follow me on Twitter @hiteshmparikh /  WhatsApp - +91-9869425399 / www.hiteshmparikh.com

 

Learn a Lesson. Live with Passion & Invest with Reason.

 

 

Hitesh Parikh.