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 !!
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