7 Steps To a Successful Investment Journey

4 min read
stock market

Are you someone who would love to invest in the stock market but doesn’t know how? You see people all around you making big money and changing their circumstances, but you don’t know where to start. Would you like to change that?

Well, you’ll need to prepare yourself to go the long haul and stay the course of the journey because it will not be easy at first.

Continue reading to learn the seven starting steps to help you on your investment journey.

7. How To Start

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Preparation is the key here. Pretend that you are going on a long journey and consider what you need to reach your destination successfully. Plan your investments to reflect the needs for your short and long-term goals.

For example, if you plan to retire at the age of 50, how much would you need to have in your bank account and in your investments to live out your dream comfortably? Your investment goals will determine what plan you choose.

6. Know the Stock Market and What Works

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If you decide to be serious and take the plunge, you must know what you are doing. There are countless resources available online to teach you the nitty-gritty. Numerous books and texts also introduce you to the tips and tricks to having passive income.

Successful investment combines the science of finance and the art of figuring quality factors that will most likely lead to financial gain. So, spend time learning about stock market efficiency and diversity to optimize your investment portfolio.

You must understand the science of finance—the science of going forward for true success. The book titled “Stocks for the Long Run” by Jeremy Siegel is a good place to start making sense of things.

As Warren Buffett, the well-known investor, said, “never invest in a business you cannot understand.”

5. Your Investment Strategy


It’s an integral part of an investment to know yourself. What personality traits do you possess? One that will keep you back or one that will propel you to stay the course and be victorious.

BB&K model classifies investors into five groups:

  • The celebrity–someone who follows the latest investment fads.
  • The adventurer–strong-willed and volatile with an entrepreneurial spirit.
  • The individualist–confident and careful with mostly a do-it-yourself approach.
  • The guardian–a wealth preserver who is supremely risk-averse.
  • The straight arrow–shares the characteristics of all the above equations.

The individualist, or that person with an analytical behavior, has an eye for investment value. This person will be the successful one. But regardless of the group you fall in, you need to manage your investments in a disciplined and systematic way. Don’t get ahead of yourself, or you’ll end up losing a lot of money.

4. Know Your Enemies and Friends

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Not everyone means well and wants you to succeed. So, beware of people pretending they are so-called “professionals investors.” You are competing against large conglomerates and finance organizations that own more resources than you and faster ways to access information. They can chew you up and spit you out!

Don’t be your worst enemy and sabotage yourself. If you are a guardian, you shouldn’t go against your personality type and follow the latest market trends for short-term profit.

Even if you are a high-risk investor and will be more affected by high losses, stay true to yourself. Seek out and make changes to those factors that will stop you from investing successfully or moving away from your comfort zone.

3. The Right Investment Path for You

path, success

Your knowledge base and personality type will determine the path you take. Investors generally follow one of the following strategies:

  • Put all your eggs in one basket and carefully watch that basket.
  • Don’t put your eggs in one basket. Be diverse.
  • Combine both strategies and make informed bets on passive core portfolio.

2. Reap Long Term Benefits


Work out an optimal long-term plan and stick to it. It may not be the most exciting option, but your chances of success will increase if you stay the course and hold strain. Do not let your emotions move you, or allow those “frienemies” to outsmart you.

1. You Must Be Willing To Learn

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The investment arena can be unpredictable because the stock market is truly a volatile place. Be determined to learn, and you will gradually be a successful investor.

The process of investing and the journey to fulfillment can be a long one. The market can prove you wrong sometimes too, but don’t give up. Accept where you went wrong and learn from your mistakes.

Be patient…

Remember that your investment journey starts with a plan. Know the time frame you want to work with and whatever you hope to gain in that time frame. You then put the structure in place to achieve it.

Don’t be turned off by high financiers and their grand portfolios. Take that first step to achieve what you conceive, and develop the mindset to be the winners that you already are.