No. of Recommendations: 0

I used to work in the trades myself. So I’d like you to succeed more than most who hang out at TMF, the self-styled ‘management consultants’ and such, who think the stock market is their private ATM machine and that it that owes them fat returns for their just showing up at the front door.

Well, more than any other work place in the world, markets are a meritocracy. If you have a sound process, and if you have a solid work ethic (i.e., discipline and consistency in applying your process), you will pull more money out of markets than you bring to them, on average and over the long haul. It’s just that simple.

This isn’t to say that ‘luck’ doesn’t play a role in one’s results. But ‘investing skill’ is real, and ‘consistent effort’ matters even far more. In short, ‘grinders’ will prevail. In any given year, they won’t make the best money. But nearly every year, they will make their targets, which isn’t a bad track record. So put together a sound, solid investment plan, and then work that plan.

Best wishes, Charlie
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