What are the features that a good investor should have? What are the characteristics of people who have enough capital and earn money from money?
What are the factors that make these people successful in their investments?
Well for me the characteristics of a good investor should be:
- Optimistic, it's important to have a positive mindset in the system you are investing
- Risk taker, investing need some risk
- Wise, you must be smart enough to study the background, process and system on the investment where you will put your money
Be optimistic but not to the point that you are being delusional about the whole thing. Once you see that the boat is sinking, then the boat is sinking. You being optimistic would not save the ship from sinking. You should still be realistic altho a bit optimistic. It's important to not be negative because negative thinking in investing makes you a panic seller/buyer.
You can make money from money. Just for example, investing money can bring you larger amount of money in return. Also, buying goods that will make new products can also bring you money.
Also, if you are travelling a lot, you can trade in real life. Like if something is in demand or is missing in a place, and you're in a place where you can buy it, then buy and sell that. There are things that you can only buy at a certain place because their place is the only thing that can grow it or make it. Like strawberries, for example, they only grow in cold places. Once you get there, buy some strawberries and once you're back to your home town where there are no strawberries due to your place being hot all the time, sell it there. I've read a blog post back then where the blogger is basically travelling for free and what he does is he go to a country (e.g. Korea) buys things there and move on to a new country where that certain thing is in demand or is expensive.
