I found this on Pinterest (lifehack.stfi.re) and I think it’s worth sharing. It is definitely worth your time.
Here are five habits that can help you be a better investor:
1: Setting goals
2: Create a plan — and stick to it
3: Save regularly
The best investors find ways to add to their savings automatically. These days, that is pretty easy through payroll deductions and regularly scheduled online transfers. If you want to be among the best, set this habit on automatic.
4: Live on less
Some very successful investors take pleasure in demonstrating that they can live on less and still be happy. They’re among the people who are most likely to enjoy retirement, since they have deliberately cut the emotional cord between how much money they spend and how happy they are.
Doing all these things may seem like a pretty tough assignment, and in a way it is. If you want to be outstandingly successful, you’ve got to do what most other people don’t do.
But if you do your best and keep putting yourself back in the game, you’ll be the best investor that you can be. That’s a good habit to nurture.
People ask me nowadays which stocks they should buy on the Ghana Stock Exchange (GSE). And others want to know which stocks I have in my portfolio or will buy, so I have decided to list, just list for now, ten stocks worth buying on GSE.
1. Ghana Commercial Bank (GSE: GCB= 4.65)
2. CAL Bank (GSE: CAL= 1.04)
3. Enterprise Group Limited (GSE: EGL = 2.27)
4. Fan Milk Limited (GSE: FML = 7.17)
5. Ecobank Ghana (GSE: EBG=7.98)
6. Standard Chartered Bank (GSE: SCB=20.55)
7. Mechanical Lloyd Company (GSE: MLC=0.38)
8. TOTAL Petroleum (GSE: TOTAL=5.04)
So there you have them. Keep investing on the Ghana Stock Exchange.
Senior Research Assistant
UCC School of Medical Sciences
& Executive Director –
Medical Education Consult
- Buffett: The Making of American Capitalist by Roger Lowenstein
- The New Buffettology by Mary Buffett and David Clark
- The Warren Buffett Way by Robert Hagstrom
- Annual Letters of Berkshire Hathaway by Warren Bufett
- The Snowball: Warren Buffet and the Business of Life by Alice Schroeder
- Personal Finance: Turning Money into Wealth by Arthur Keown
Name: Kwabena Amo-Mensah
President of SFIC (Private Equity Group)
Deputy Finance Director at
“Heart For Children Africa”
He started investing in 2008 after reading Robert Kiyosaki’s “Rich Dad Poor Dad”. Unlike many young people, he invests in Equity and fixed income securities (financial assets).
- He bought some shares because “everybody” was buying. In his own words; “I didn’t really understand why I was buying that particular stock. I was disappointed by the performance of that stock. This happened in 2008”. That brings me the great statement, do not follow the crowd.
- Investing all his money on the stock market: During his “amateur” periods, he said he invested almost all his monies on the bourse with little or nothing in savings (emergency fund). “This forces me to sell my stake anytime I need money to settle emergency situations.” – Kwabena said
- Coming out of the market too quickly: With reference to the second mistake, he said coming out of the market at the time he didn’t plan to come out was a big mistake.
- Stock market investing is for those who are patient. “There are many occasion I regretted coming out of the market”. – He said.
- Don’t put all your eggs in one basket.
- Don’t rely on relationship officers’ advice, talk to the right people. (You should read this to understand him better: Not all relationship managers are brokers)
- Be an expert or get some investment knowledge.