Money Magazine

Skills you need to be successful

MANAGED FUNDS Max Riaz

Finding enduring success in anything in life requires a set of good habits (process), necessary skills and a winning mindset (emotional intelligence). This applies to being a successful investor.

This month's article is inspired by Greg H, a reader who shared his view that finance skill is but a minor part of what it takes to be a good investor. My response is that it really depends on how you are investing and what you are investing in.

Certain types of investing will require you to have negligible or basic-level knowledge of finance, while in other cases you will need to be fully across the financial statements of your invested

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine4 min read
Should You Renovate Or Move?
Home is a structure that provides us with accommodation, but for many of us it's much more than that; it's our sanctuary, a place where we feel happy and secure. Even if our home no longer provides the space or layout we need, many of us are still re
Money Magazine1 min read
Shares
▶ MORE SHARES STORIES ON P78-85 Shareholders are increasingly objecting to what they regard as company executives’ inflated pay packets. Strikes against executive salaries among the 300 largest companies listed on the Australian SecuritiesExchange (A
Money Magazine4 min read
Boost Your Cashflow With Mortgage Funds
Individual investors can now more easily access mortgage funds, an investment opportunity that has traditionally only been available to institutional investors and highnetworth individuals, and benefit from the regular income and diversification adva

Related Books & Audiobooks