th ei fp .c a Th e IF P -H al to n H ill s | T hu rs da y, F eb ru ar y 8, 20 18 | 26 6Habits YouNeed To Successfully Invest For Retirement There's no doubt that investing is part of our job now. Canadians need higher returns that come from investing to fund their home, their kids education, help their parents and retire well. There are some key habits that anyone can develop in order to be a successful investor. However, succeeding as an investor is not necessarily about building a mountain of money -- it's about building wealth on your terms to meet your goals. Recognize your strengths: The successful people put their time to where it serves them best. For most of us, that doesn't mean investing. If you're a writer, write. If you're a manager, manage. If you're a driver, drive. You'll make far more money doing what you do well and outsourcing the investment side to a professional. Be humble about everything else: Even the most experienced and successful investors play the long game because beating the market is extremely difficult, almost impossible. Even on a single stock trade, an amateur investor is placing a bet, usually against a professional investor. You're betting that the stock will go up, and the person on the other side is betting it will go down. That's fine if you're the gambling type. But successful people recognize that they can't consistently win that game. Nobody can. Know who's working for whom: Successful investors are usually tough when it comes to having their money managed. They set clear expectations and boundaries, and expect to pay a fair price for good service. They don't put up with tone-deaf or condescending financial advisors, and they don't sit around swallowing big mutual fund fees. Delay gratification: It's basic, but true. Of course we'd all like to spend all the dollars flowing in as soon as they hit our accounts. Successful investors understand that they need to make their current selves happy -- but also their future selves. Be open to new technology: Don't be afraid to consider and adopt new technology. Successful investors pay their future selves first by automating their saving and investing. People who are comfortable with technology have a big advantage when it comes to building wealth. Define your own success: Knowing yourself as an investor and defining your goals is crucial. The most successful investors aren't on a mission to save as much as they can.They're on a mission to meet their own specific objectives, which means spending a lot of time in the beginning and defining (and redefining) their goals along the way. For more personal finance tips, sign-up for our free Nest Wealth newsletter: learn.nestwealth.com/newsletter This is the Perfect Family Home on a quiet, family oriented street close to schools, parks and the town of Erin. 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Hardwood Floors, Spectacular Reno'd Bath, Finished Basement, Inground Pool, Detached Double Garage! Check It Out Today! Call Cathy For Your Private Viewing! 28FaludondriVe 46HewSonCreSCent,GeorGetown $69 9,9 00 $69 5,0 00 $69 5,0 00 oPenHouSeSunday2-4pm $69 9,9 00 oPenHouSeSaturday2-4PM