Becoming a successful investor is a gradual process that unfolds over time, rather than happening overnight. Mastering the complications  of the financial world and understanding your own investor persona require dedication, patience, and the ability to learn from trial and error. In this article, we’ll guide you through the initial seven steps of your journey into the realm of investing, highlighting key aspects to be mindful of as you navigate this path.


1. Getting Started in Investing:

Embarking on the investment journey is akin to setting out on a prolonged expedition rather than a singular event. To initiate this venture, it is crucial to approach it with the same preparation as one would for a long trip. Start by clearly outlining your destination, then strategically plan your investment trajectory. For instance, if your goal is to retire at the age of 55 in 20 years, begin by determining the financial requirements for such a retirement. Pose essential questions like these to shape your investment objectives. The devised plan will be tailored to align with your specific investment goals.

2. Know What Works in the Market:

Read Books or enroll in courses that delve into contemporary financial concepts. Nobel laureates who formulated theories like portfolio optimization, diversification, and market efficiency did so for valid reasons. Investing is a blend of both science, rooted in financial fundamentals, and art, which encompasses qualitative factors.Begin by delving into the scientific aspect of finance, as it provides a robust foundation. If scientific concepts seem challenging, there are accessible texts, such as Jeremy Siegel’s “Stocks for the Long Run,” which simplifies high-level financial ideas for easy comprehension.Once you grasp what works in the market, develop straightforward rules that align with your approach. Take Warren Buffett, one of the most successful investors, for example. His uncomplicated investment style is encapsulated in the renowned quote: “Never invest in a business you cannot understand.” This principle has proven successful for him; while he may have missed the tech boom, he also avoided the subsequent damaging downturn of the high-tech bubble in 2000.

3. Know Your Investment Strategy:


You know yourself better than anyone else. So, you can be the best person to handle your own investments, with just a little guidance. Figure out the traits you have that can help or hinder your success in investing, and then manage them wisely.There’s a helpful model created by fund managers Tom Bailard, Larry Biehl, and Ron Kaiser that makes it easy for investors to understand themselves.



The BB&K model categorizes investors based on two key traits: their approach to action (careful or impetuous) and their level of confidence (confident or anxious).

According to these traits, the BB&K model classifies investors into five groups:

  • Individualist – Takes a do-it-yourself approach, careful, and confident.
  • Adventurer – Volatile, entrepreneurial, and strong-willed.
  • Celebrity – Follows the latest investment trends and fads.
  • Guardian – Highly risk-averse, prioritizes wealth preservation.
  • Straight Arrow – Exhibits a balance of characteristics from all the above groups.

Typically, the most successful investment outcomes are observed in individuals with an individualist mindset – those who approach investments analytically, confidently, and possess a keen sense of value. However, if you identify more with the traits of an adventurer, you can still achieve success by adjusting your strategy accordingly.

In essence, regardless of your group classification, managing your core assets in a systematic and disciplined manner is crucial for investment success.


4. Know your Friends and Enemies:

Be cautious of false friends in the investment world, like some untrustworthy professionals with conflicting interests. Remember, you’re competing with well-resourced financial institutions with faster access to information.

5. Find The Right Investment Path:


Recognize that you could be your own obstacle. Assess your personality, strategy, and circumstances honestly. For instance, a risk-averse guardian pursuing short-term gains contradicts their nature.

Identify and modify factors hindering your success. Choose the right path based on your knowledge, personality, and resources:

  • Diversify your investments to spread risk.
  • Focus on one investment but monitor it closely.
  • Combine both strategies with tactical bets on a core portfolio.

Successful investors often start with low-risk, diversified portfolios, gradually becoming more active as their knowledge grows.


6. Be In It for A Long Term:

Opting for a long-term investment strategy may not be the most thrilling choice, but sticking with it can enhance your chances of success. Resist letting emotions or misleading influences sway you.

7. Be Willing To Learn:

Be open to learning because the market is unpredictable and often volatile. Success as an investor is a gradual journey, and setbacks are inevitable. Embrace the certainty of market fluctuations, acknowledge when you’re wrong, and use mistakes as valuable learning experiences.




In conclusion, embarking on the path of investment is a journey that requires careful planning, self-awareness, and a commitment to learning. By understanding market dynamics, identifying your investor personality, and staying resilient in the face of challenges, you can set the stage for a successful investment journey.

Remember, the key to long-term success lies in adopting a strategic, disciplined approach and being open to continuous learning. Now is the time to take the first step towards financial growth.

To kickstart your investment journey, visit Credlanche’s website( and begin your venture into the world of investing. Start now and pave the way for a prosperous financial future.