Successful Investors Have These 4 Habits in Common
It may seem as though you have to be an expert to invest your money in a meaningful way. Numerous studies show that individual investors aren't very good at managing money on their own: many of us make investment decisions based on emotions, and we fail to hold investments for long enough.
And when an investor fails, it's usually because of a lack of preparation. A 2019 study conducted by the FINRA Foundation showed that only 34% of participants could answer 4 out of 5 basic questions about financial literacy. That same study showed that 54% of people hadn't given any thought about how much money they would need to retire.
While these findings highlight that a large number of Americans likely aren't investing in a meaningful way, many investors are still managing their finances wisely, and living well as a result.
Source Fool.com
