Track performance and adjust strategies accordingly from "summary" of Investment Biker by Jim Rogers
When you're out on the road, you must constantly monitor how your investments are performing. This involves keeping a close eye on the markets, analyzing the data, and comparing it to your initial expectations. You need to be able to quickly identify any trends or patterns that may impact your investments. Once you have a clear understanding of how your investments are performing, you must be willing to make adjustments to your strategies. This could mean selling off underperforming assets, reallocating your portfolio, or even entering into new positions. The key is to be flexible and willing to adapt to changing market conditions. By tracking your performance and adjusting your strategies accordingly, you can increase your chances of success in the long run. It's important to remember that investing is not a set-it-and-forget-it activity. It requires constant monitoring and adjustment to ensure that your portfolio remains aligned with your goals and objectives.- The ability to track your performance and adjust your strategies accordingly is a crucial skill for any investor. It allows you to stay ahead of the curve and take advantage of opportunities as they arise. So, the next time you hit the road, remember to keep a close eye on your investments and be prepared to make changes as needed.
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