You have heard about the investing styles of Wall Street bulls (charging) and bears (hibernating). You might even have heard about the investing style of foxes (crafty and wily, darting to-and-fro) and hedgehogs (identifying a market trend and rolling into a ball). Here are some other investment styles. Do any of these sound like you?
* Sheep – those who follow the crowd and end up buying high and selling low. Statistics show that most individual investors end up doing this.
* Monkeys – one way to trap a monkey is to put something in a bottle that he wants. The top of the bottle is too small for the monkey to pull his hand out while he’s holding the object. He won’t let go even when he gets captured. Some investors won’t sell an investment, especially inherited stocks, because they can’t let go emotionally.
* Turtles – a turtle pulls his head in at the slightest hint of danger. He pulls his money out of investments rather than wait it out because he is scared the investment will drop in value. Some investors pulled their money out at the bottom of the market in 2009 and still haven’t gotten back in.
* Sharks – Sharks are driven into a feeding frenzy at the smell of blood. They make impulse buys and sells. These investments decision are not made with a rational long-term plan.
* Owls – A wise old owl asks “Who? Who? What? What?” She does her research with her 360 degree vision. She patiently wait for her investments to pay off while she keeps her eyes open. She communicates with other owls and shares information. She keeps her family safe and well-fed.
"Remember your dreams and fight for them. You must know what you want from life." - Paul Coelho
"Failing to plan is planning to fail." - Alan Lakein Lakein
"Never underestimate the power of dreams and the influence of the human spirit." - Wilma Rudolph
"Before beginning, plan carefully." - Marcus Cicero