I have been inspired to write this Blog by seeing the sheer volume of information that goes around on Twitter, the Internet in general and via things like email. Anyone who takes my Twitter Feed will know exactly what I mean by sheer volume - yes, I know I tweet a lot, but on the whole I try to provide information that is quick, to the point, and valuable.
What I am trying to get at here is that we are all utterly bombarded by Information constantly - and it is far too easy to get sucked into reading everything and have no time to do anything else but read loads of stuff. The other problem is that if we read everything we will never form our own opinions - and it is vital that you have the ability to make your own decisions, not rely on other people’s views. You will read everything under the sun and end up entirely confused and indecisive. As an Investor (or as a Trader….please bear with me on the distinction, a Blog is about to go live) we simply cannot afford to waste our valuable time. How can we focus? As ever with this game, it is down to discipline. My own method is to follow a fixed number of Information Sources that I have known for many, many years and I trust to a large extent - mainly because over time I have learnt that these people talk sense. I suggest that you try to do similar. Do not read everything, it will cost you money !!! Think calmly and objectively about everything you read and ask yourself:
I am sure there are many other questions and you can make your own checklist if you like - I am just trying to make you challenge how you think and do things - just writing this is making me think about my Information Sources !! I use the following sources pretty much every day:
That’s it. Please heed the message, you will not make money if you muck about with too much information - get a grip of it. Roll on !!
5 Comments
2/7/2016 09:56:36 am
You put really very helpful information. Keep it up. Keep blogging. Looking to reading your next post.
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WheelieDealer
6/7/2016 11:38:28 pm
Hi FPE&WBG, thank you so much for the feedback - great to hear the stuff is appreciated and useful. Also very pleasing to see stuff I wrote nearly 2 years ago getting read - I really believe there is a deep archive of material that People could find very much worth reading.
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2/7/2016 09:56:53 am
Wow, What a Excellent post. I really found this to much informatics. It is what i was searching for.I would like to suggest you that please keep sharing such type of info.Thanks
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WheelieDealer
6/7/2016 11:41:32 pm
Hi sbi home loans, Thank you for the lovely comments - great to hear you found it pretty decent. My intention is to keep coming up with unusual and insightful Blog Posts and hopefully my Tweets and stuff can help as well. If you haven't had a chance yet, it might be worth digging through the Library of previous Blogs because I know there is loads of strong material on the website now.
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I really enjoyed your blog Thanks for sharing such an informative post.
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