Becoming a successful investor starts with having the right mindset. By cultivating a strong investing mindset, you can be prepared for tough investing scenarios and put yourself in better situations for financial success.
Having the right frame of mind is imperative when it comes to investing, whether you’re a battle-hardened day trader or a total investing beginner.
Possessing the right frame of mind can save us from making mistakes, from going against our own plans, and from sabotaging our success.
While it’s true that we can’t control the markets, we can control how we invest in it, and much of that is influenced by our mindset.
If you’re new to the world of investing, here are six mindset tricks you should know to help you succeed in the stock market:
Let’s get into each of these investing mindset tricks in more detail.
It is absolutely critical to have a financial plan in place when you’re investing in the stock market.
Because, depending on how the market is performing, what you should do and what you’ll actually do are two very different things.
Nobody knows how they’ll react to a sudden market swing (no matter the direction), and the markets are fickle.
Having this plan in place can help keep you on track, even when things don’t feel right or aren’t going well.
Conversely, without a proper plan, it can be difficult to know where you’re going, and if you’re actually following your investment principles or just chasing the biggest returns or latest fad.
To craft a financial plan, you should:
Having a financial plan will also make you impervious to following dumb advice – whether that’s from the news, your favorite pundit or your boss.
With a solid plan in place, no matter what the market is doing, you should be ready to weather anything the market throws at you.
Almost as important as having a financial plan at all is sticking to that plan.
While there are many different ways to invest, including valuation-based investing, dividend investing, index investing, etc., oscillating between a number of different approaches willy-nilly will only waste valuable time and money.
Changing investing strategies frequently is a form of timing the market. Timing the market refers to making buying or selling decisions of financial assets by attempting to predict future market price movements. In essence, you’re guessing.
Very few people are good at this.
Once you’ve found a way of investing that you’re comfortable with, stick with it.
If you had investments during the 2008 recession, you probably remember the sinking feeling you got after seeing your portfolio get chopped in half.
Oof – that doesn’t feel good.
Unfortunately, this same feeling was used by many investors as a justification for getting out of the market.
While this may have secured their portfolio from losing any additional money, it also meant they missed out on the bull run from 2009 until now – losing out on an over 194% gain.
Conversely, when Bitcoin was on a (quite ridiculous) rally during 2017, people flocked to get a piece of the pie before it went belly up, with many people purchasing at the top for fear of missing out.
In both situations, instead of acting based on their investment plan, people acted based on their emotions – and some people paid dearly for it.
The point is, our emotions affect our behavior. They cause us to second guess our decisions, to take bigger risks than we can afford, or to cash out because we’re afraid of losing all our money.
In short – emotions hold us back.
Emotions have no place in investing. Leave them at the door where they belong.
Another thing to keep in mind when investing is to focus on the big picture.
When you’re a newbie investor, it can be difficult to not watch your investments every day – especially if they’re not doing well.
But focusing on how a stock is performing in the short term doesn’t really tell us anything.
In fact, laser-focusing in on the day-to-day performance of a stock can cause us to make decisions based on our emotions (which we already know is bad).
While every stock goes through periods of volatility, over the long-term, the stock market generally moves in an upward trend.
By staying focused on the big picture, it’s easier for us to shrug off poor performance or volatility, because we know we aren’t planning on selling for a long time.
If you’re planning on holding onto your stocks for many years, then the day-to-day performance of a stock shouldn’t matter – focus on the big picture.
Another attitude that should be kept in the forefront of your mind when you’re investing is the “set it and forget it” mindset.
While many new investors think that investing is a heavily involved process, with a constant buying and selling of stocks to lock in profits, or the tweaking of their portfolio until it’s perfect, this couldn’t be further from the truth.
In fact, when it comes to investing, many times the best strategy is to do nothing at all. Simply buying stocks from good companies and holding onto them indefinitely is a great way to become wealthy.
When we constantly fiddle with our portfolios in an attempt to increase our returns or minimize our losses, a strange thing happens – we actually perform worse than if we had just left the portfolio alone!
Simply buying and holding quality stocks over the long term is practically guaranteed to build your wealth.
It’s easy to get caught up in the wave of excitement when the next big thing comes along, like cryptocurrencies.
You see people making big money, and you want to get in on the action!
And while it can definitely be argued that many of these speculative investments offer big rewards, the risks associated with them often outshine that.
Many of these investments are loosely regulated, offer little to no protection for consumers, and are subject to manipulation by whales (investors who artificially inflate a stock’s price).
There is certainly big money to be made – but it’s likely not going to be made by you.
Chasing the next big thing in the hopes that it’ll reward big is a sure-fire way of losing your shirt.
Investing for the first time can be scary, but that doesn’t mean you should avoid it.
By utilizing these investment mindset hacks, you can prepare yourself mentally for what’s coming ahead – helping to alleviate some of the fear that keeps people from investing.
Hopefully this article will help you on your path to building wealth and learning more about the markets and investing.
Working out at home is possible and fun with the right guide and training program. Fitness Blender videos are a great start for beginners who want to become more fit and improve their health.
With the advent of the internet and the ubiquity of cell phones, getting a workout in has never been easier.
Whether you’re at home or away, in the wilderness or in the city, we can train wherever we are in the world – with the help of a professional trainer.
But if you’re new to working out, figuring out where to begin can be a challenge.
One of the most difficult parts of starting an exercise regime is simply knowing what to do.
If you don’t have any experience in exercise science, it can be difficult to know:
This is enough to make the average person just say, “Forget it!”.
But what’s so great about using online videos to exercise is that you don’t have to figure any of that out.
You pick an area of the body you want to target, or do a video based on what you want to accomplish (build strength, tone muscle, lose fat, etc.) and simply show up and do the work.
The trainer will tell you all you need to know during the workout.
All you need to do is show up and give it your all.
With effort and consistent workouts, you’ll have that beach body in no time!
But before you start exercising, you need to make sure you’re prepared to work out at home.
To have an effective home gym, you don’t need a bunch of fancy weights and equipment.
If you’re just getting started, you can have an effective home gym with just a few pieces of equipment:
When you’re just starting out, this is really all you need.
Eventually, if you want to start performing harder exercises, you may want to get additional equipment, such as:
Before deciding on the exercises you should do, we need to break down the five main areas of the body that we’ll be focusing on in our workouts.
This will make it easier to choose a workout, though it should be noted that many of these videos target many areas of the body at once.
The five main groups of body parts we’ll be working out are:
While every person is different and you may have more “problem” areas than others, it’s important to focus on training your entire body.
You don’t want to focus on just upper body or back and biceps while avoiding your other body parts.
For the most effective training, you’ll want to make sure you do workouts for all five areas.
Having a strong core is important for every person, whether you’re an Olympic weightlifter or an elementary school teacher.
That’s because our core helps stabilize us, keeps us balanced, and allows us to perform much easier the variety of movements we do every single day, whether that’s bending or twisting.
Here are five great Fitness Blender videos for strengthening your core:
Your quadriceps are a group of four muscles on the fronts and sides of your legs. The quads are one of the largest muscle groups in the body, and we use them every day for such ordinary activities as walking, running, climbing stairs and squatting.
Having healthy, strong quads makes performing these and other athletic activities much easier.
Here are five great Fitness Blender videos for working your quads:
Your glutes are a group of three muscles on the butt, and are a major component of your body; we use them to help us stand, push us up off the ground, and give us balance.
The hamstrings are a group of three muscles that run along the back of the legs, and they assist in bending the knee and moving your hips backward.
With strong glutes and hamstring, almost every athletic activity can be made easier.
Here are five great Fitness Blender videos for strengthening your glutes and hamstrings:
Your chest, made up of two muscles, the pectoralis major and minor, are responsible for moving your arms up and down and across the body. Like most major muscle groups, the chest plays a role in everyday functions such as opening a door or washing your hair.
The shoulder muscles, also called the deltoids, are a group of three muscle fibers (front, side and rear) that are responsible for rotation of the arm and extension of the arm. They help in everyday activities such as lifting objects, waving and hugging. They also allow us to carry objects safely.
The triceps is a major muscle that runs along the back of your arm. The triceps assist with extension and retraction of your arm at the elbow. We use our triceps in such everyday activities such as throwing or passing a ball or shooting a basket.
Here are five great Fitness Blender videos for strengthening your chest, shoulders and triceps:
Your back is made up of four muscles, extending from the bottom of the back above the butt to the bottom of the neck.
The largest muscle, the latissimus dorsi, is located on the right and left side of your upper back. This is the largest muscle of the upper body, and assists in moving your core, arms, and upper body.
The rhomboids, split into the rhomboid major and minor, are two muscles that connect from the vertebral column to the back of the shoulder, behind your neck. These muscles are responsible for maintaining posture and the stability of the shoulder.
The trapezius muscle is a sheet of muscle that covers most of the neck and upper back. It is divided into the left and right trapezius muscles, and assists in moving, rotating and stabilizing the shoulder blade. It also helps extend the head at the neck.
The levator scapulae muscle is located on the back and sides of the neck, and assists in lifting the shoulder blade.
Here are five great Fitness Blender videos for strengthening your back and biceps.
There are numerous benefits to working out at home using Fitness Blender videos as opposed to going to the gym.
Some of the benefits include:
I personally like being a home because I don’t have to go anywhere, and can be flexible when I’m doing my exercises. Even if I’m on the road, I can get a workout in because I’m not dependent on a lot of equipment.
I also like how I’m not paying for a gym membership, and can use my money for other uses.
Bodyweight exercises can be very beneficial for your strength and health. I love them and I hope you give them a shot!
While there aren’t many, there are a few drawbacks to working out at home.
Some of the disadvantages include:
For me, what I’ve realized is becoming self aware and listening to your body sometimes is more important than listening to what others are telling you.
While a trainer is good to understand what movements you need to make, now with the power of the internet, you can see what movements you need to make and then make tweaks over time to see what makes most sense for you.
Below are some additional tips I recommend for working out at home.
Hopefully these tips will be beneficial and helpful for you if you decide to give working out at home a try!
It’s totally possible to get into shape without even stepping foot in a fancy gym.
Using Fitness Blender videos to work out gives you access to a variety of routines you can use to increase strength, lose weight and build muscle, all in the privacy of your own home.
And because they can be accessed on any device, as long as you have an internet connection, you can work out wherever you are!
The only thing you have to worry about is showing up and putting in the work.
You can do it!