049: What Separates the Professional Investors From the Novices | WTW

Millionaire Mindcast

Matt Aitchison Media, Inc

Productivity, Stocks, Realestate, Lifestyle, Finance, Commercialrealestateinvesting, Personalgrowth, Entrepreneur, Business, Entrepreneurship, Rich, Mastermind, Money, Personalfinance, Millionaire, Mentorship, Realestateinvesting, Success, Mentor, Wealth, Investing, Millennials

4.4 • 716 Ratings

🗓️ 31 August 2016

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

For many investors, when asked why or how they lost money, they point back to their due diligence period. Almost all will tell - the good ones at least - that the investing game is won or lost on the due diligence battlefield. Here are a 3 simple questions to ask yourself each time when completing your investing due diligence, in addition to the niche specific research that will need to be analyzed. Avoid looking like a rookie and learn how you can win the investing game by following the pro's.

Transcript

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0:00.0	Episode 49 of the Millionaire Mindcast.
0:03.5	Today I'm going to be talking about what separates the professional investors from the rookies and the novices.
0:10.6	Let's dive in.
0:11.9	What's going on, everybody?
0:13.3	Welcome into today's Wealth Tip Wednesday.
0:18.4	Hey, thanks for tuning in for another episode of Millionaire Mindcast, this show where
0:22.8	Mindset Money Meet.
0:24.0	I'm your host, Maddie A.
0:25.9	And each week I dive into a particular wealth-building conversation, strategy, topic, something
0:33.4	to focus on that will empower you to maybe think differently or act differently
0:38.3	on your own journey.
0:39.9	And one of the areas, one of the topics that I've noticed all wealthy people are either
0:45.6	very knowledgeable in their field in or have a team of knowledgeable people in is this
0:52.0	area of due diligence, understanding what questions need to be asked,
0:58.4	what things need to be further investigated, what research needs to be done in order for them
1:03.0	to make a sound decision and feel confident in moving forward with their decision.
1:08.1	And all smart investors will tell you that the game of investing is one or
1:12.4	lost on the due diligence battlefield and when talking with seasoned investors I'm always curious
1:19.2	you know how did they make their money and what did they do that allow them to be successful
1:24.9	but even more so I like to know those battle stories, those experiences where they maybe got
1:31.2	caught with their pants down or they made a bad investment that they wished they wouldn't
1:34.5	have.
	...

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