This November 18th is Collector’s Day. However, this day could also be celebrated by investors, as every good investor is a good collector. I comment because investing is all about collecting.
As a child, I collected figurines, stamps and coins. After adolescence, I dropped all collections except the last one. However, instead of collecting old coins, I started collecting coins turned into applications. Today, I can say that I am a good collector.
Contrary to popular belief, collecting is not just about keeping. Just as investing goes beyond simply saving.
According to wikipediacollector is the person who has the practice of “saving, organizing, selecting, exchanging and displaying different items by category, according to their personal interests”.
These are all habits of a good investor.
If you know any good collectors, you know he wouldn’t trade any of his pieces for simple pleasure. Likewise, investors know how to save and do not exchange their assets for any short-term desire. This does not mean that one cannot have pleasures in life, but if well planned, they do not waste the “collection”.
A good investor cultivates the habit of selecting assets well and organizing them into categories in order to have a well-diversified portfolio. Just as a collector dedicates himself to studying his pieces and those that can be acquired, so the investor takes pleasure in studying his assets and other potentials to be acquired.
However, the collector does not necessarily keep the same pieces throughout his life. He knows how to change and renew his collection.
As I have mentioned in the past, knowing how to trade assets is essential for maintaining a robust and healthy investment portfolio.
It is essential that investors analyze their assets at all times, which, analogously, would be their “collection”, and what is outside of it. In this way, you can take advantage of exchanges that provide safe portfolio growth.
Knowing how to expose your portfolio in an orderly manner that facilitates analysis and monitoring is also the activity of a good investor.
Finally, the collector’s personal interest is translated, for the investor’s universe, into having a clear objective so that he has a path that guides him on what to do and how to do with the assets in the portfolio.
Congratulations to collectors and investors who dedicate themselves to this rewarding activity.
Michael Viriato is an investment advisor and founding partner of Investor House
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I have over 10 years of experience working in the news industry. I have worked for several different news organizations, including a large news website like News Bulletin 247. I am an expert in the field of economics and have written several books on the subject. I am a highly skilled writer and editor, and have a strong knowledge of social media. I am a highly respected member of the news industry, and my work has been featured in many major publications.
