Anosh Ahmed explains, this is practically no! Taking your emotions might be impossible, however taking control of it especially when under pressure is vital

1. Must have skills to
become a successful
investor
D R A N O S H A H M E D

2. What makes a difference between a pro and an amateur
is the skills. What makes even more difference between a
successful investor and a failing one is the application of
those skills. Investment isn't about spray and pray. It's
about applying the right skills and strategies for positive
results. Think about the days when you just entered the
investment world with little knowledge and skills. Think
about how you have made huge mistakes that got your
pockets drained. If not anything, seasoned investors will
tell you the importance of getting the right skills if you
have to amasse what the market has to offer.

3. When we talk about investment skills, it's definitely not a one time thing. You can't
outsmart the market and there will be times it will play you if you aren't getting your
investment game right. Hence, skills should be acquired and learning should take place
daily.

4. First, invest in
financial education
The importance of financial literacy in successful
investment cannot be overemphasised. Talk to any
investment wizards and they will tell you how financial
literacy helps them understand where to channel
resources for great returns. They control money. Money
works for them, not them chasing after money. Lack of
financial education can lead to various problems such as
debt accumulation, inability to manage finances. Poor
investment decisions, bankruptcy and much more. "The
real estate world is full of horror stories who end up in
financial woes because of lack of financial education. But
when you are financially literate, it won't only help you in
making informed investment decisions, but also on
efficient savings, better debt management and
retirement planning. These are what makes up a good
financial well-being", Anosh Ahmed, MD says.

5. Assess the IQ,
intelligent
(investment) quotient
Take it or leave it, the level of intelligence also plays a key
role in investment. Evidence has shown that Participation
in the stock market is driven by intelligence level and
higher IQ investors tend to have a better trade execution
suitable for any market environment. IQ analyses the
ability to acquire and apply knowledge and skills and
investment is sometimes full of mathematical jargons
and data. Is it the market trend to analyse, pile of data to
look into, complex ideas or the technical analysis to carry
out? These will require strong cognitive skills, problem-
solving skills, technical skills and much more.

6. IQ plus EQ is what makes up FQ(financial intelligence). This is
to say a smart investor might still not be successful if the
person can control his emotions. " Many say one has to be cold
blooded, undeterred, and knock out emotions when it comes
to investment. But this is practically no! Taking your emotions
might be impossible, however taking control of it especially
when under pressure is vital" Anosh Ahmed explains. What is
required is to bring both IQ and EQ to the game, developing
them in order to make an informed, unbiased decision for a
financially empowered life.
Invest regionally, be
emotionally
intelligent

7. Making learning
part of your life
If Warren Buffett is still learning, then you shouldn't be
sleeping on acquiring more knowledge. Don't ever see
yourself as a maven but rather as a student. Learning is a
lifelong, never-ending process. There will always be the
market to study, new trends to keep abreast of, more
tools and techniques to analyse. Investment landscape is
ever-evolving and the best thing you can do for your
investment is to evolve with it.

8. Become a researcher
Savvy investors are researchers and this means if you want to be ahead of the curve, you have to keep abreast of
the news. Not only will investors assess various financial instruments or companies' performance, they also need
to know about technological advancements, new rules and government policies and so much more.

9. Have investment
strategies
One can reach the top of the investment ladder without
strategies. Investment strategies are what serve as
guiding principles navigating you through the landscape
by considering the skills, investment goals, risk tolerance
and profit objective. There are different strategies out
there but not all of them are suitable for your needs.
Therefore, analyse the various strategies and go for the
right ones for you. However, understand that strategies
shouldn't be static but rather should be reviewed as
personal personal needs changes.

10. To be successful in
investment, you
need to make
informed decisions
and as fast as
possible if you don't
want to miss out on
opportunities. Think
fast, Act fast is the
key.

11. Thank You