Five important qualities/factors make you long term Investor.
Long Term View
Basic requirement for being long term investor is to have longer perspective of
investment in various assets class.
Patience
This is the most important quality in making wealth from the stock market. As Warren
Buffet puts it: "Stock market is a device for transferring money from the impatient
to patient"
Quality stock/ Diversify portfolio
Investor should have portfolio of good quality stock which have been thoroughly
researched for management and business. As Warren Buffet categorize the businesses"as
Great, Good and Gruesome"
Don't be too greedy
Volatility ……yes…. Volatility in the market makes investor greedy.
Don't sell in panic
This market is the ocean of information where one needs to keep themselves calm
while making any investment decision.