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Banks don’t like to give away their money. That mindset is reflected in the interest rates of checking and savings accounts of 0,5% and 0.9% avg. annual interest respectively.
When you deposit your money in the bank, the bank turns around and invests that money at 7% a year or more. ...
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People who invest are those who love the risk, trade frequently and have enough confidence to think they will beat the market.
A 2011 study found out that most investors underperform, namely 82%, because they were trading instinctively rather than strategically.
Grit is about orienting yourself to pursue a long-term goal despite setbacks, while a strategic mindset is looking for efficiency in any goal, short or long term. To be gritty without finding improved ways to achieve your goal is not ideal. By thinking strategica...
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