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What is Investment Mindset Coaching?
Most people, with some spare money, get involved in investment.
Simply put, investment is putting in some money on some instruments or
something, over time, there is hope that the money will grow and hence
make extra money.
Some make money. Majority loose their money.
More and more, serious investors
realize that the crucial success factors are the Mindset, or Attitudes, Belief systems,
Psychology and Disciplines. Even given the best, proven
investment strategy by an expert or guru, an investor without appropriate
mindset can still lose his or her money, while another using the same
strategy, makes money.
Author Mark Tier's latest book
"The Winning Investment Habits of Warren Buffett & George Soros"
emphases winning investment HABITS, which are behavioral results of
mindset or attitudes. Bearing in mind that the two world greatest
investors Warren Buffett and George Soros use totally different investment
techniques and strategies, be it fundamental, technical analysis or gut
feeling. both can be successful in investment, due to a common underlying
mindset.
Why Mindset Coaching?
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Realizing
the importance of mindset, as driver of behaviors and habits, that
determine the success or failure of investment, it becomes easier to
understand why coaching is necessary.
Inappropriate
mindsets and habits that cause losing trades or investment, do not get
changed easily. A period of coaching time is necessary to ensure
un-learning take place, with installation of new mindset and hence new
habits.
Furthermore many investors do not even know what are the
inappropriate mindsets or habits inherently they get stuck with.
Investment Mindset Coaching will uncover the underlying thoughts,
assumptions, motives, beliefs, and values of the investor. He or
she will then take recognition of such discovery and take responsibilities
for the consequences that can results from such drivers.
Mindset coaching process will then
help him or her to create other choices, with different mindset for
experimentation until he or she feels comfortable and congruent with his
or her style and philosophy of life.
How to go about
Mindset Coaching?
There are two ways to go about
Mindset Coaching: a) by email, b) face to face (if in the same location,
Kuala Lumpur)
Coaching is not teaching.
In teaching, the teacher has
materials to pour into the mind of the students. But not so in coaching.
A good coach poses coaching questions (being expert in this field,
the coach designs powerful coaching question on the subject matter) and /
or give instructions and the coachee needs to respond. The coach then gets
the coachee to summarize or derive learning points, and take actions.
Coaching is a more powerful way of
learning as compared with teaching.
Email coaching usually takes 3-6 months (as frequent as the coachee making responses through emails), and
face-to-face coaching takes 2-3 months (once a week or fortnightly)
What possible outcomes after
Investment Mindset Coaching?
- Better understanding of your own
commitment and discipline to investing, without which you are sure a
loser.
- Better awareness of your
underlying assumptions, mindset or belief of investment, if not
surfaced, may get in the ways of successful trades. (In the old days,
the erroneous belief / mindset that the earth was flat, people would
not venture far, fearful of dropping into bottomless pit at the edge
of the world.)
- Realize the important mindset on
the need of a learning system to create a sound investment strategies
and system. Such system will help to cultivate sound habits to ensure
consistent gain in investment.
- Investment Mindset Coaching is
NOT teaching you to use a particular technique (Technical analysis, or
fundamental, or use of astrology etc.) to do investment. Coaching
questions are generated to keep challenging you the underlying mindset
(in whatever techniques you use) to surface your mindset, philosophy
in investing - in what ways it works, or not works towards a sound
investment system and strategies that suit you.
- Some may take longer time, some
shorter, some 3-6 month email coaching, others lesser time.
- It is also possible that after
Mindset Coaching, you realize that investment is really not your cup
of tea. Then you maybe saved from bankruptcy by knowing that you do
not have the mental make up in investing. (When your child does not
have the mental make-up or mindset to be a medical doctor, for
example, he or she faints when seeing blood, then don't force him or
her to be a doctor!)
- Successful Investment Mindset
Coaching will lead you to take action and personal responsibilities in
your trades or investment, to let the good results (investment
performance) to reinforce your system of operation. or poor results to
feedback to you on improving the system.
- Remember, there is no teaching,
only COACHING you to find and create a credible investment system, on
your own, backed by appropriate mindset, philosophy and principles.
End.
QIS
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