In my interactions with hundreds of investors over the last few years, and now during my True Wealth Workshop journey across seven cities over the last few days, I have met investors who have classified themselves under one or more of the following heads –
- Defensive
- Aggressive
- Growth
- Value
- Risk-taking
- Risk-averse
- Fun loving
- Serious
- Just by the way
- Self made
- Made by crisis
- Sane
- Insane
But then, as I understand based out of my experience and from reading the investing legends, the only true classification of investors is this…
So what’s your type?
Dear Vishal,
A classic classification for the ones who are ready to acknowledge and accept the fact and to where they really stand so that they can improve themselves.
Indeed Ajay! People need to be ready to acknowledge and accept the reality if they are to expect any chance of success as investors.
I guess I am a lazy, boring, bean-bag investor 🙂
I know that i don’t know shit and so i manage risk, not returns.
Im diversified within….hehe….Clearly have shades of all of the above…..Hopefully the mix is in good proportion to have an enjoyable journey 🙂
well said! frankly i am falling in ‘those know a little’ but work little!
congratulations for being one of top 10 value investment sites of the world. seems yours only india based.
Partial knowledge is more dangerous than no knowledge………….
I am firmly in the partial knowledge category………I maybe a danger to my own wealth 🙂
Congratulations Vishal Sir!! You do deserve to be there on the list. Your articles have immensely broaden by thinking.
Way to go Vishal! Congratulations for Safal Niveshak being named in the top 10 value investing blogs worldwide. May it reach even greater heights and attain even more popularity with God’s blessings and your hard work. As for me I can safely say I am amongst the 10% who do not know anything.
I just want to share a joke here which i read recently…No hard feelings tribesman.
Once upon a time in a village, a man announced to the villagers that he would buy monkeys for Rs 10. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them..
The man bought thousands at Rs 10 and as supply started to diminish, the villagers stopped their effort.
He further announced that he would now buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs 25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at Rs 50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs 35 and when the man returns from the city, you can sell it to him for Rs 50.”
The villagers squeezed up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!
Welcome to the ‘Stock Market’
Illiterate and unaware….
I am in category of just recently realizing that i Don’t know anything.
Congratz Vishal on Safal Niveshak being mentioned as one of the top Value Investing Sites!
I clearly am in the 80% but with the mastermind course hope to improve myself.
Am clearly in the 80% category.
With the mastermind course I hope to improve my understanding.
Hello Vishal
It is great feeling to have grown and participated in one of the best investment blogs!
Keep up the great service that you are doing.
Regarding the type of investors- Accepting where one stands and taking action is very important.
Your Mastermind is the best route for 90%(80%+10%) to become successful investors and for the 10%
who know something- it will be like a finshing school.
Sane Investor!
How come comment dates are showing March 2014?
How to delete above comment? 🙁
I probably fit in the 80% …
Learning is a continuous process and nothing can replace the experience. Nobody has become wiser by just theoretical knowledge in stock market, you need to jump in water and feel it. Just make sure you don’t go in the area which is deeper than you can handle.
Regards,
Raj