My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Habits

Break Bad Investing Habits by Adopting These Tried-and-True Tips

Phil Town describes a few traits of smart investors.
VIP Contributor
2 min read
Opinions expressed by Entrepreneur contributors are their own.

Many investors unwittingly follow a slew of bad habits that prevent them from making money. Thankfully, if you are one of these people, you can change your course by following these tips from Entrepreneur Network partner, Phil Town.

First off, stop trying to get rich fast. Get-rich-quick schemes often blow up and backfire. A good investor knows that to make money, you should commit to investing in a company for an extended period of time. Exiting an investment too soon directly cuts into your ability to build up wealth, and practicing patience can lead to a big payoff down the road. 

Town says that most people who are willing to take your money and invest it are not great at it. that's why you should dive into companies on your own and figure out the strategies that work for you. You may be surprised to find that it is easier than expected. Plus, you know you can trust the person in change of your money. 

Click play to hear more from Phil Town. 

Related: Want to Improve Your Investing Habits? Try Warren Buffett's Circle of Confidence.

Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on RokuApple TV and the Entrepreneur App available on iOS and Android devices.

 

 

More from Entrepreneur

Corene Summers helps clients advancing their health, careers and lives overall through reducing stress, tension and optimizing sleep.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur