Investment Strategies To Make Large Sum Of Doe By Making The Decision To Best Suit Your Personality

To prevent this from happening I have come up with a few helpful strategies and tips

that should be useful if you are planning to take your money and put it into an investment bond or stock.

With this problem in mind let's cover some of the most important things to remember.

1) Firstly, you first need to determine what type of investor you are going to be. Perhaps you will be a niche player, challenger, follower or maybe even leader. These specific personality types are the key types of personality when buying stocks and by doing the research and knowing which one you are, you will have a clearer idea of how to invest your money. But which type is which?

- Leader: This specific type is a leader in the market and they make the tough and risky decisions that the majority of the time help them to make a return. Although this can be daunting for the newcomer, if done right it can be very profitable.

- Follower: As suggested in the name a follower follows. Following? If you are a follower then you are the opposite of a leader and instead you see what others are doing and then follow their lead in order to make a decision. This way of doing things, although it can make a profit, is cumbersome and slow to develop as you will always be trying to play catch up as they are always behind the market leaders.

- Challenger: This type will rarely follow a specific set of rules or a strategy but instead they will come up with their own strategy. This involves throwing out the stock market textbook and being a bit of a non-conformist. If this sounds like you, then remember to take chances and make opportunities. Although this can be an effective method it is also risky.

- Nicher: This investor will only invest in a specific sector and only focus on markets that they are confident about and feel that they can safely predict. This is perhaps the best strategy for beginners as it ensures that a person doesn't go beyond their limits and it is can also ensure you have an idea of the nature or background of a company you want to invest in.

2) What type of strategy should you use? There are different types of strategy that have been developed in a specific way to pay attention a particular area of the market. For example, there are strategies that have been developed to focus on company growth, new technology and on the profit reports of a business. But which one is right for your needs?

- Innovation strategies: This strategy is all about having the latest information on the most current technology and innovative updates. It is a good idea to follow a business's corporate blog and then keep a log of when products are set to be released. Therefore investing in a business before the release of a new piece of technology could see you make a killing once it is available and stock options increase.

- Late follower: This strategy is all about stability and strength. You really should avoid taking chances but instead making strong investments in promising companies that are extremely unlikely to loss you money.

3) And remember, put some money aside. You should really put 10% of any profits back into a secure domestic bank account, this way you will not lose all of your money in one big investment. You should also think about splitting an investment into several different companies, so as to not put your eggs all in one basket.

However, perhaps the stock market is not for everyone and instead you may prefer an Instant Access ISA if you would like to to try something a little safer and research more of a secure investment option.

by: Marcella Jaylon

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