Which kind of investor are you, and what kinds of investments should you be considering?
Let’s start with where you shouldn’t invest (these are only examples, and not meant as advice specific to your situation:)
There’s chasing after the hottest stock. There’s gambling. There’s investing in things you don’t understand. There’s deferring your investing strategy and wealth to a financial planner who could put your money in a one-size-fits-many plan and look at it once a year.
And then there’s strengthvesting – investing in things you are STRONG at.
Today we’re going to take a look into Strengthvesting, or your Investor DNA, to show you the difference it makes to your bottom line when you invest in things you understand and are GOOD at understanding, instead of hitting the major pitfalls and disasters that hit most people one time or another when investing outside of their circle of competence.
Use an “investment scorecard” to help you identify how aligned you are with an investment, and whether it’s the right investment for you, or something you should pass on.
It takes a lot of “no’s” to find the right “yes,” and strengthvesting will help you filter out the no’s and distractions to get to yes.
We want to protect your abundance, and leverage your strengths, so you can put your money to work in a safe and secure way that’s aligned with what you know and value.
To help you get started, we’ve created the StrengthsVesting Investment Scorecard for you. Grab it for free right here.
Strengthsvesting
At Wealth Factory, we believe in empowering our community with the right tools to navigate the investment landscape successfully. In our journey, we have uncovered critical insights that help prevent entrepreneurs from from potential setbacks, like that one bad investment decision you wish you could go back and re-do (or not do at all).
We’re sharing the Investor Scorecard – a series of questions designed to gauge the compatibility of an investment with your personal and financial profile.
- Alignment with Knowledge: Does the investment resonate with what you know? Are you familiar with its intricacies or will you be venturing into unknown territories?
- Alignment with Strengths: Does it leverage what you’re good at? Investments that tap into your core strengths often yield better outcomes.
- Right Investment Assessment: Is it genuinely suitable for you or is it a passing temptation that you should decline?
Drawing a parallel to baseball, consider a player at bat. If they swing at every pitch that comes their way, their chances of making a successful hit are slim. Similarly, in investing, one must be selective. Aiming for the perfect opportunity is better than taking every shot that presents itself. In essence, to hit that financial home run, one might have to pass on numerous pitches.
Understanding this, strengths investing emerges as a key strategy. It not only elucidates why certain investments flourished while others floundered but also helps in distinguishing the golden opportunities from mere distractions. And yes, we use the term “distractions” intentionally. Some investments, while enticing on the surface, can divert you from your core competencies, leading to missed opportunities.
Particularly for the entrepreneurs among us: steer clear of investments that might induce a scarcity mindset. Our mission is to uphold and magnify your abundant perspective, ensuring you maximize your potential just as you do in your leadership roles.
So, are you ready to discover your investing persona? Dive into Wealth Factory’s Investor Scorecard. By the end, you’ll have a clearer picture of the investment avenues that are truly worthy of your capital.
Want a little more guidance? Tap here to see if working with our team of Wealth Architects and professional network 1-on-1 is right for you.
