What Advice Has Profoundly Influenced Your Investment Strategies as a Financial Advisor?

    What's one piece of advice you've received in your career that has profoundly influenced your investment strategies?

    Gleaning wisdom from seasoned professionals can be a game-changer in the world of finance, so we asked five investment experts, including CEOs and a CPA, to share the advice that has shaped their strategies. From the importance of embracing patience and discipline to the value of investing in capable leaders, discover the pivotal insights that have guided their decisions.

    • Embrace Patience and Discipline
    • Understand Before Investing
    • Spread Resources Wisely
    • Focus on Long-Term Value
    • Invest in Capable Leaders

    Embrace Patience and Discipline

    Another invaluable piece of advice that has significantly influenced my real estate investment strategies is to be patient and disciplined in decision-making.

    Real estate is a long-term game, and rushing into investments without thorough research and analysis can lead to costly mistakes. This advice underscores the importance of maintaining discipline in sticking to predetermined investment criteria, whether it be property type, return expectations, or risk tolerance. Patience allows me to wait for the right opportunities, negotiate favorable deals, and navigate market fluctuations with a long-term perspective.

    By staying disciplined and patient, I can capitalize on favorable market conditions, avoid impulsive decisions, and ultimately enhance the overall success and resilience of my real estate investment portfolio.

    Alex Veytsman
    Alex VeytsmanFounder & CEO, The Offer Sheet

    Understand Before Investing

    One piece of advice I received early on that profoundly shaped my strategies was: "Don't invest in things you don't understand."

    When I first began investing, I was eager to chase the latest hot trends and complex instruments to maximize returns quickly. Whether it was speculative sectors like cannabis or intricate vehicles like options, I spread my capital widely without diving into what I had invested in.

    However, a mentor cautioned me against this dangerous strategy. He stressed that while diversification is wise, you must comprehend what you own on a deeper level before committing money. No matter the hype or FOMO, if you can't explain simply how an asset makes money in plain language, you have no business owning it.

    This advice to avoid investing in anything that I couldn't articulate value for forced me to become an educated investor. Instead of blindly following others' moves, I learned to research market insights, analyst convictions, competitive advantages, and risk factors before buying securities. Doing the work to genuinely understand my holdings gave me conviction during market swings.

    Patience and discernment became cornerstones driving my personal strategies and advisory guidance alike after internalizing this lesson. Curiosity now propels my asset allocation, not anxiety or greed. Thanks to those words of wisdom, I've become an investor as much as someone who invests money.

    Brian Meiggs
    Brian MeiggsFounder, My Millennial Guide

    Spread Resources Wisely

    One impactful piece of advice that stays with me as a tech CEO is, “Don't put all your eggs in one basket.” This wise counsel has been a guiding force for me as it emphasized the importance of diversification in investments.

    Now, instead of launching myself headfirst into one venture, I spread my resources across multiple platforms while still focusing on my company's core areas. It cautions me to be calculative and not to gamble all on a single aspect, be it a technology, market, or trend.

    This strategy has graced our financial decisions with a safety net while leaving room for growth and innovation.

    Abid Salahi
    Abid SalahiCo-founder & CEO, FinlyWealth

    Focus on Long-Term Value

    One piece of advice that has profoundly influenced my investment strategies is to always prioritize long-term value over short-term gains. In the fast-paced world of startups, it can be tempting to chase after quick wins and immediate returns.

    However, this advice has taught me the importance of taking a step back and considering the bigger picture. By focusing on building sustainable and scalable solutions, rather than chasing short-term profits, I have been able to make more informed investment decisions that have yielded long-term success for both my company and our clients.

    This approach has allowed us to create lasting value and establish ourselves as a trusted partner in the software development industry.

    Alex Stasiak
    Alex StasiakCEO & Founder, Startup House

    Invest in Capable Leaders

    One invaluable piece of advice that has truly shaped my investment approach is to "bet on the jockey, not just the horse." It's crucial to invest in promising projects or ideas and the capable and visionary individuals behind them.

    The success of any venture often hinges on the leadership and execution skills of the team driving it forward. This advice has guided me to thoroughly assess the competence, passion, and resilience of the entrepreneurs I choose to back.

    After all, it's the people steering the ship that make all the difference in navigating the unpredictable seas of the business world.

    Jon Morgan
    Jon MorganCEO, Venture Smarter