• ABOUT – DICK YOUNG
  • YWMF – ARCHIVES

Young's World Money Forecast

Since 1978 With a 32 Year Vacation

  • DICK YOUNG
    • FROM RICHARD C. YOUNG
    • THE FINAL INTELLIGENCE REPORT
  • INVESTING STRATEGIES
    • RETIREMENT COMPOUNDERS®
    • DYNAMIC MAXIMIZERS®
    • GOLD & SILVER
  • DIVIDENDS & COMPOUNDING
    • MIRACLE OF COMPOUNDING
    • DIVIDENDS
  • GRAHAM & RUSSELL
    • BEN GRAHAM
    • RICHARD RUSSELL
  • THE DOW AND THE LEADERS
    • DOW vs. S&P 500
    • DOW vs. DOW DIVIDEND PER SHARE
  • WELLINGTON MANAGEMENT COMPANY
  • YOUR SURVIVAL GUY
  • BANK CREDIT & MONEY
  • THE PRUDENT MAN

The Right Attitude for Winning Investing

October 26, 2018 By Richard Young

Investing is all about attitude. Are you too eager to take on risk in good times? Too ready to cut and run in bad? Can’t commit to an investing plan? Don’t have the resolve to stick to a sustainable withdrawal rate?

In early 1999 I talked with the former American League MVP, Boog Powell about attitude. I wrote this that May:

I was talking to Baltimore Oriole baseball legend Boog Powell recently. During the baseball season, Boog runs Boog’s Barbecue at Camden Yards in Baltimore. Off-season, he is in Key West occasionally as “guest” barbecue celeb at his high-school buddy’s local spot. Boog will tell you that barbecue is an attitude. Well, successful investing is also all about an attitude. Your mental framework will go a long way in making you a successful investor. The primo way for you to have a winning attitude 100% of the time is to become a programmed investor. Operate on the premise that the economy grows over time, as do corporate earnings, and thus stock prices. Don’t trade in and out. Ride the long wave to prosperity in a risk adjusted way that reflects your age, investment acuity, financial resources, risk tolerance, and need for income from your investments.

Managing your attitude is the hardest part of successful investing. Keeping calm during market turbulence isn’t easy when you’re on your own. Working with a professional can make a difference in your comfort during difficult times. If the last week of market volatility has you looking for guidance, sign up for the Richard C. Young & Co., Ltd. monthly client letter (free even for non-clients). Take some time to read through older letters to understand our steady approach to investing.

image_printPrint Page

Related

Filed Under: Investing Strategies

RSS New From Young Research & Publishing

  • Your Social Life During the Pandemic and MORE
  • Good Timing? Virgin Galactic Shares Tumble After Chairman Sells Shares
  • Do You Remember When You Purchased Your First Home?
  • Which Fossil Fuel Wins in a Shift to Renewables?
  • Richard Young Reports: The Great Money Explosion and Disasters
  • Fidelity’s 26 Million Retail Accounts in 2020, Up 17%
  • You’re Rich When You Invest Like Croesus
  • Joel Kotkin: Economic Civil War
  • Depositors in Europe Now Being Charged by Banks
  • Teaching A Family Investment: Warren Buffett’s Annual Letter and You

RSS New From Your Survival Guy

  • Your Social Life During the Pandemic and MORE
  • Do You Remember When You Purchased Your First Home?
  • Richard Young Reports: The Great Money Explosion and Disasters
  • Fidelity’s 26 Million Retail Accounts in 2020, Up 17%
  • You’re Rich When You Invest Like Croesus
  • Are You Working with Someone Who Understands Your Struggles?
  • Joel Kotkin: Economic Civil War
  • Teaching A Family Investment: Warren Buffett’s Annual Letter and You
  • Welcome to the Interest Rate Prediction Business, JACK!
  • Petrified Snow/Ice Fishing? How about a Boat? and More

Search Our Site

Richard C. Young & Co., Ltd.

–Client Letter Sign Up–

Sign up to receive email alerts when our latest client letter is posted on our website.

Copyright © 2021 · About Dick Young · Terms & Conditions