Taking a loss doesn’t make you a loser
Maybe the due diligence you did wasn’t quite up to scratch or perhaps your circumstances have changed. Maybe some external force has altered the plans you had.
If you are going to make a loss, here’s a few steps to make sure that you still continue with your investing journey.
Don’t repeat your mistakes
What happened exactly? Where did you go wrong? Could you have done something differently? If so, what? Analyse your mistakes, as well as the actions and decisions you could have made differently and write them down.
It’s important that you understand fully what did happen, and what you should have done differently, so you don’t make the same mistakes again.
Admit you were wrong, have a wallow, then move on
You made a mistake, so what? Everyone makes them – you are not the first one ever to make a loss on an investment.
Read about any successful entrepreneur and you will see somewhere in their past lies a mistake they made that cost them money. Sometimes something happened that was out of their control, like the crash in the 80s, which almost wiped out many of today’s big property developers.
Look at visionaries like Gerry Harvey or Steve Jobs who got kicked out of their own businesses. The main thing that these people did after losing was to keep going and to believe in their ability.
It’s okay to lick your wounds, but after that, you need to pick yourself up and move on.
Time to change
Understand that you made the best decision with the information you had available at that time, but now that the situation has changed, you too must change. Now you have discovered and admitted your mistake, it’s time to act in a different way. Remember, making a mistake doesn’t mean you’re stupid and it doesn’t mean that you can’t invest. You just might need to do something differently.
Maybe you decided to buy a property that didn’t fit with your direction and now you have to take a loss through selling in order to move on to better investments. Whatever the case, you must change something about the current situation in order to move on and to reach your goals, because no matter what, you can’t give up.
Channel your energy into something positive
Start putting the energy you were using for feeling miserable and beating yourself up into doing something that will have a positive result. Can you find a new, better investment that will help you achieve your goals? Or maybe take it as a sign that you need to make some changes in your personal life (such as allowing yourself more time to think through decisions).
This is the stage to get into gear and make mental changes so that you can feel confident in yourself.
This is the scary bit! If everyone stopped the minute they made a mistake we wouldn’t have iPhones, skyscrapers, or a high level of health and wellbeing in our communities. No-one would achieve anything. Admit that you were wrong, learn from it and aim to never do it again!
Don’t let the past stop you and don’t let a mistake, even one that causes a monetary loss, prevent you from being successful.
When to deep dive into the advanced trading concepts?
Learning a strategy meticulously is commendable but knowing when a person is prepared to go those length is vital. Many people invest but only a few could make a profit. Traders blame their failure for lack of knowledge and want to know the market in detail. This brings the dilemma when investors should take this task. Beginners face this most as they have no mastery over this industry. They start with advanced methods to make more money but get distracted. These plots need wisdom that only experienced individuals could master. As a result, they are left with a basic understanding. This affects their confidence and soon they lose their capital believing their formula is not good enough to cope with the volatility.
In this article, we will explain when a person should take these extra tasks to improve their outcomes. Remember, this will not happen instantly. This takes time and you might have a changed mindset afterward. Evolving is part of growing in the Forex community. Traders can still make a profit with elementary formulas. But knowing the challenges in the ETF market can help you to execute much better trades.
When the present strategy is failing
If you find out the existing method is not working properly, this is worth the time. Evolving is part of growing up in this community which the majority never understands. They focus on using the latest techniques, get helps from scammers and buy premium courses. Instead of practicing, they spend time on those vague concepts. When you try to focus on inner mechanisms, many mysteries begin to unravel. People get to know why their plan was not working. This helps them to design a better scheme and improve their performance.
Does this idea bring an inquiry to mind which is why not start from the first place? If we know failure is inevitable, extensive skills would have saved the capital. The answer is that without experiencing these elementary ideas, we can never understand the market thoroughly. Traders believe this would save time but in a practical context, this would only produce gaps in your knowledge. By advancing from the beginning, we can rule out the possible reasons why some parts are not working. This gives you a better grip on your performance.
Ensuring steady cash flow
Do you want to ensure steady cash flow in your trading business? If so, you have to think like the professional investors who trade bonds. Professional bond traders are very good at analyzing market data because they have strong analytical knowledge. As a new trader, you should learn about the important factors at trading. Instead of trading with real money, we suggest starting to trade in the demo account. This will significantly improve your decision-making skills and help you to trade the market in an improved fashion. Eventually, you can make a consistent profit from this market.
During career transformation
Transformation in a career is a prime phase as this is when a beginner becomes an intermediate investor. A person no longer remains in the elementary tier and graduates to play with the big players. Rookie experts can be found at this level and to compete against the rivals, meticulous planning is needed. Investors cannot compete with their beginning ideas. They need a comprehensive grasp of the market. We understand this can be difficult as they are dealing with new settings but this is part of the challenge. Never give up and seek assistance from experts. Once an individual gets accustomed to these settings, their performance will be consistent as before.
When traders want to graduate
This is not the completion of a degree but the mindset to turn a new leaf in life. The trading community strives for excellence and this is the best way to manage the risks. When they enter the new atmosphere, risks will come up but managing and mitigating them will become easy with more advanced knowledge.
Superannuation property fund ISPT invests in Brisbane malls
Property On behalf of its ISPT Retail Property Trust (IRAPT), ISPT is buy a 3741sq m property in Springfield and a 4889sq m neighbourhood centre in Ipswich. Both were growing areas supported by strong residential catchments, said IRAPT fund manager Cameron Gregson. “Obviously the quality of the anchor tenants in both centres also was a…Read More→
On behalf of its ISPT Retail Property Trust (IRAPT), ISPT is buy a 3741sq m property in Springfield and a 4889sq m neighbourhood centre in Ipswich.
Both were growing areas supported by strong residential catchments, said IRAPT fund manager Cameron Gregson.
“Obviously the quality of the anchor tenants in both centres also was a drawcard for IRAPT,” he said.
The Springfield property comprises of a 3200sq m supermarket leased to Woolworths on a 20-year lease, along with eight specialty retail outlets.
The Ipswich centre, located just 2km from the Ipswich CBD, has a 15-year lease commitment from Coles to open a 4200sq m supermarket in June 2017.
The two properties will be developed by Brisbane private property group Citimark, which has $1.5 billion of diversified development book focused on southeast Queensland.
“IRAPT’s decision to acquire both the Silkstone and Springfield retail centres is a huge show of confidence in these projects and the southwest corridor (of Brisbane),” said Citimark’s director of commercial and retail Jonathan King.
McNab Constructions has been appointed to build the Springfield centre, with completion expected in May 2017, while Hutchinson Builder will build the Ipswich Centre.
Sam Hatcher from JLL and Craig O’Donnell from CBRE managed the sale.
Originally Published On: http://www.theaustralian.com.au/
Property Market Focus On South East Queensland: Report
The property industry has shifted focus from regional Queensland back to the built-up South East, according to the UDIA’s new Industry Insights Report. Prepared by The National Property Research Company (NPR Co), the report says that owner occupiers are expected to return to the market in force as their choices begin to increase and the outlook for…Read More→
The property industry has shifted focus from regional Queensland back to the built-up South East, according to the UDIA’s new Industry Insights Report.
Prepared by The National Property Research Company (NPR Co), the report says that owner occupiers are expected to return to the market in force as their choices begin to increase and the outlook for interest rates remains positive.
South East Queensland hotspots include Brisbane, Gold Coast, Ipswich, Logan and Moreton Bay, all showing price growth in land and house sales volume.
Medium to high density median prices – houses and apartments – remained fairly static, with growing sales volume, this is a reflection of the strong supply into the market in this category.
The UDIA (Qld) Industry Insights Report also reveals that in Brisbane, almost all respondents reported a rising market across all forms of housing over the last six months, with the majority view that we were yet to see the top of the cycle for apartments.
Interest rates and population growth were cited as the most positive market influences. The outlook for the Sunshine Coast was also positive.
While median price rises were slight across the board, the hospital nearing completion, investigation into improved transport infrastructure, economic diversification and improving domestic tourism figures buoyed the market.
In Ipswich, the market is steadily rising, although there was concern about the negative impacts of low employment growth and infrastructure investment that may limit growth.
Two thirds of respondents reported healthy levels of demand from international buyers.
Logan, Gladstone and Toowoomba led the state for land, with modest growth in land volume sales.
While Gladstone is coming off a low base, the outlook is more positive into 2016.
Logan has reaped the benefits of two major masterplanned communities and may well prove to be Brisbane’s newest and most dynamic corridor.
Population growth in the Fraser Coast, Mackay and Gladstone has challenged recovery in these areas.
The outlook for the Gold Coast is very positive with a large majority of respondents confident about a continued rising market, particular for houses, and very healthy overseas demand from both investors and owner occupiers.
UDIA (Qld) President Brett Gillan said Queensland’s new property market made a positive contribution to economic growth and jobs in Queensland in the first half of 2015, noting the buoyancy of the South East
“We are seeing the return of owner occupiers to the market, and they are looking for diversity and fresh choices in housing types and locations,” Mr Gillian said.
“Our challenge is to respond to this demand, and meet their lifestyle aspirations at an affordable price,” he said.
“We are seeing positive signs across the state, and increasing the supply of developable land will facilitate and encourage greater economic growth.”
UDIA (Qld) is actively working with the State Government to ensure that developable land is released to the market in a timely manner, so we can respond to the needs of home buyers and the community,” Mr Gillan said.
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