World InvestorNZ Dec2012 issue
1
WeffiLth: the new frontler lnvestment success in the 21 sl Century wiLl. require a pioneering mindset, says TAMMY HAMAWI ur modern age of constant and massive change brings a real smell of this NEW world emerging. It excites me to be absorbing, learning and develop- ing throughout this time. It calls on all senses and all intelligences; be it "Intellectual" or the mother of all intelligences, "Emotional". This is why I felt compelled to write about the pioneering mindset of an investor today. We are the new breed of investor - more curious, more accountable, and more willing to diversifu into a sea of options. Re- gardless of 4g€, wealth or education, anyone seriously investittg today is pioneering for the future generations. This has become more so today as our governments have delegated the responsibility for many of their social responsibilities back to us. With ta;res higher than ever before, we are now expected to cover our own health, education and retirement costs. So how do we handle the huge op- porttrnities, risks and responsibilities that come with that? Here are some great tips I would like to share with you: Know who you are and where your values lie My personality grew through a tough and global upbringrng. I gained experience in business through a cut-throat and competitive industry which shaped me. I dso became more intuitive and flexible about many things including investing. Who are you? What iue your core values about monry and life that anchor you? Iftrowing who you are allows you to set up a plan that works best for you. For example, as investors, we are divided. Some of us like to manage our investments while others want to delegate that responsibility to others. Knowing what's comfortable for you allows you to choose the best, and therefore, reduce stress and anxiety over money. Ask the right questions from yourself and others Whether managing people, selling to customers, or raising kids, I have learned a very valuable lesson in asking the right questions. This is essential in avoiding frustrating dead ends or wasting time by taking wrong turns. In other words, are you asking the right questions about investing? Where do the opportuni- ties lie right now? Are you consid- ering the future when you look at where you should invest your money? Rather than asking'Are pharmaceu- tical companies bad?" ASK "Who is currently developing innovative medicine that combines conventional with holistic science?" Consumers want both today. Which companies are known to be working on inno- vative products that meet current demands and future needs? If it is stocks you're considering then let's not forget that making real moncy comes from investing early in the cycle of that stock, before it becomes a trend. |FK's father, |oseph P. Kennedy, claimed that he knew the rampant stock speculation of the late 1920s would lead to a crash. It is said that he knew it was time to get out of the market when he received stock tips from a shoe-shine boy! Understand what core beliefs drive you and manage them For me it nras not enough to be it *y ourn business, I wanted to influence my environment and my indtrstry. This is a core belief for me and by catering to it, I was able to take risk and gain confidence, which in turn gave me the depth of my e4perience. *My world was bigger than just me". By knowing your core beliefs you can choose investments that resonate with you, excite lou, and even compel you to take risk and learn more. Take responsibitity about your financiaL education We don't stop learning when we leave school or university. Education has to be something you hunger for. And you must be discerning in whom you gain that knowledge from. We can learn a lot from historical and modern wealth creators. |oseph Kennedy survived the 1920's crash "because he possessed a passion for facts, a complete lack of sentiment and a marvelous sense of timing': During the Great Depression Kennedy increased his fortune from $4 million (equivalent to $54.1 million today) In 1929, to $180 million (equivalent to $3.05 billion today) in 1935. Today, we have a teacher in Warren Buffetr What is Buffett's secret? According to his business partner, the plainspo- ken Charlie Munger, Buffett spends at least half his waking hours 'just sitting on his ass and reading!" Thmtny Hamawi is a businesstryoffiah inv estot b ests elling co - author, educator and motivational sp ealcn www.tribunity.com worl.dlnvestorNZ.com . December 2012 - January zolg I Sg
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Transcript of World InvestorNZ Dec2012 issue
WeffiLth: the new frontlerlnvestment success in the 21 sl Century wiLl. require a
pioneering mindset, says TAMMY HAMAWI
ur modern age of constantand massive change brings a
real smell of this NEW worldemerging. It excites me to
be absorbing, learning and develop-ing throughout this time. It calls onall senses and all intelligences; be it"Intellectual" or the mother of allintelligences, "Emotional".
This is why I felt compelled towrite about the pioneering mindsetof an investor today. We are the newbreed of investor - more curious,more accountable, and more willingto diversifu into a sea of options. Re-
gardless of 4g€, wealth or education,anyone seriously investittg today ispioneering for the future generations.
This has become more so today as
our governments have delegated theresponsibility for many of their socialresponsibilities back to us. With ta;res
higher than ever before, we are nowexpected to cover our own health,education and retirement costs.
So how do we handle the huge op-porttrnities, risks and responsibilitiesthat come with that? Here are somegreat tips I would like to share withyou:
Know who you are and whereyour values lieMy personality grew through a toughand global upbringrng. I gainedexperience in business through acut-throat and competitive industrywhich shaped me. I dso became moreintuitive and flexible about manythings including investing. Who areyou? What iue your core values aboutmonry and life that anchor you?
Iftrowing who you are allows youto set up a plan that works best foryou. For example, as investors, we are
divided. Some of us like to manage
our investments while others want todelegate that responsibility to others.
Knowing what's comfortable for youallows you to choose the best, and
therefore, reduce stress and anxietyover money.
Ask the right questions fromyourself and othersWhether managing people, sellingto customers, or raising kids, I have
learned a very valuable lesson inasking the right questions. This is
essential in avoiding frustratingdead ends or wasting time by takingwrong turns. In other words, areyou asking the right questions aboutinvesting? Where do the opportuni-ties lie right now? Are you consid-ering the future when you look atwhere you should invest your money?
Rather than asking'Are pharmaceu-tical companies bad?" ASK "Whois currently developing innovativemedicine that combines conventionalwith holistic science?" Consumers
want both today. Which companies
are known to be working on inno-vative products that meet currentdemands and future needs? If it isstocks you're considering then let'snot forget that making real moncycomes from investing early in thecycle of that stock, before it becomes a
trend. |FK's father, |oseph P. Kennedy,
claimed that he knew the rampantstock speculation of the late 1920s
would lead to a crash. It is said thathe knew it was time to get out of themarket when he received stock tipsfrom a shoe-shine boy!
Understand what core beliefsdrive you and manage themFor me it nras not enough to be it *yourn business, I wanted to influencemy environment and my indtrstry.This is a core belief for me and bycatering to it, I was able to take riskand gain confidence, which in turn
gave me the depth of my e4perience.*My world was bigger than just me".
By knowing your core beliefs you can
choose investments that resonate withyou, excite lou, and even compel youto take risk and learn more.
Take responsibitity about yourfinanciaL educationWe don't stop learning when we leave
school or university. Education has
to be something you hunger for. Andyou must be discerning in whomyou gain that knowledge from. We
can learn a lot from historical andmodern wealth creators. |osephKennedy survived the 1920's crash"because he possessed a passion forfacts, a complete lack of sentimentand a marvelous sense of timing':During the Great Depression Kennedyincreased his fortune from $4 million(equivalent to $54.1 million today) In1929, to $180 million (equivalent to$3.05 billion today) in 1935. Today,
we have a teacher in Warren BuffetrWhat is Buffett's secret? Accordingto his business partner, the plainspo-ken Charlie Munger, Buffett spendsat least half his waking hours 'justsitting on his ass and reading!"
Thmtny Hamawi is a businesstryoffiah
inv estot b ests elling co - author, educator
and motivational sp ealcn
www.tribunity.com
worl.dlnvestorNZ.com . December 2012 - January zolg I Sg
