Money
Talk
Intuitive
Investing - To
Decide or not to decide
By Morton Litwack Decison making
is at the heart of intuitive investing. We all must make decisions in
order to conduct our daily lives. Thus the saying - "not to decide
is to decide" (actually its a decision to do nothing).
How are you in
your own decision making? How comfortable are you in making decisions?
Do you enjoy making decisions? Do you try to ñmake an omelette without
cracking a few eggs?" Meaning, with every decision there are consequences.
Are you willing to accept the consequences? Or do you have the kind of
perfect pictures that prevent you from making a decision?
In life, there
are many forks in the road. Places where you must choose to go in one
direction or another. Some people get stuck, and sit at the fork, waiting
for something to change so that the downside risks will go away. For example,
you may have a stock that really zoomed up in value and then took a nosedive.
How long do you hold onto it to return to it's former value? At what point
can you become neutral enough to assess the stock's potential for growth,
compare this with other investments, and then make the decision to hold
on to your position or to sell the stock and reinvest the funds in a holding
that offers more potential?
I believe that
in order to be a good decision maker you have to do it a lot, and listen
to the feedback. Most people don't have decision making opportunities
in their jobs and therefore they don't exercise their decision making
muscles. Investing provides many ways to develop your decision making
abilities. Also, you can apply this ability to so many other aspects of
your life. Your prosperity really depends upon your ability to make good
decisions.
The question arises,
where do you get the information to make these decisions? There are people
who are data oriented and they believe the information for making the
decision comes from past experience or future projections. In intuitive
in-vesting, we take in outside sources of information, but the ultimate
decision is based upon intuition. We are guided by internal images or
pictures to make the proper decision. We look inside to gain the proper
direction. In order to do that you need faith. Faith that you are entitled
to be prosperous. Faith in believing there is something beyond your cognitive
self that will provide you with information. Faith in yourself to believe
you can make the best choice from the options generated.
So there you have
it. A formula for entering into the world of intuitive investing. Good
luck!
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