Catalina Norena Valderrama
Did you know that most people buy lottery tickets because it allows them to ๐™™๐™ง๐™š๐™–๐™ข, and not because they believe they will win? ๐Ÿ’ธ This is something I learned on my first year of university in my psychology class, and it has always stood with me. The importance of ๐™ฉ๐™–๐™ฃ๐™œ๐™ž๐™—๐™ก๐™š elements in order to be able to really dream. Even if we don't really think they will become true. We humans need it as a prerequisite to dream. How does this tie in with ๐™ž๐™ฃ๐™ซ๐™š๐™จ๐™ฉ๐™ž๐™ฃ๐™œ, you may think? ๐Ÿ™‚ Well, I highly recommend ๐™ซ๐™ž๐™จ๐™ž๐™ค๐™ฃ before action. In order to be a good investor you need to have a vision of where you want your investments to go. You may say, Catalina, it is obvious that we all want our investments to growโ€ฆ ๐Ÿ’ต But "๐—ต๐—ผ๐˜„?" I ask. Do you have a clear vision for the future? When you decide to invest in a company, do you have a clear vision of your ๐™š๐™ฃ๐™ฉ๐™ง๐™ฎ and ๐™š๐™ญ๐™ž๐™ฉ points? This is one of the first things I learned following Warren Buffett. Always set up your margins. Being able to dream and to have a vision is critical for an investor, but at the same time being tangible about those dreams is what draws the line between crazy risks and a sound trading ๐™จ๐™ฉ๐™ง๐™–๐™ฉ๐™š๐™œ๐™ฎ ๐Ÿ‘ฉ If you ask my position, the picture below presents the first lottery ticket I have purchased in years ๐ŸŽซ. I got it just for the sake of this post. I donโ€™t need a lottery ticket to dream and to have a vision of where I want my investments to take me. I know that ๐™˜๐™ค๐™ฃ๐™จ๐™ž๐™จ๐™ฉ๐™š๐™ฃ๐™˜๐™ฎ and ๐™๐™–๐™ง๐™™ ๐™ฌ๐™ค๐™ง๐™  have a much better payoff. At the end of the day, easy comes, easy goes, and most lottery winners lose it all in a few yearsโ€ฆ Your money is safer if you invest it and will definitely ๐™˜๐™ค๐™ข๐™ฅ๐™ค๐™ช๐™ฃ๐™™ more ๐Ÿ“ˆ
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