Mental Success Tool #1: Constant Value Investing

It might seem strange that my investment Technique, Constant value investing, should be considered a mental tool for success and happiness.

However, I consider it similar to a martial art like Tae Kwon Do, Karate, Akido, etc. When practiced properly, they not only allow you to defend yourself and develop physical fitness, but their practitioners achieve confidence, peace of mind, and loss of self.

This is exactly what happens when I practice constant value investing. At the outer level, it is a simple, but powerful trading system that anyone can use to build their portfolios and save for retirement. At a higher level, constant value investing teaches the philosophical concepts of cycles, rebalancing, and "ready, fire, aim" self-correcting feedback loops.

You develop the confidence to trust yourself, and be patient. Let success come to you. For example, instead of procrastinating on a stock purchase (waiting for the "perfect" price), you buy an initial position in a good stock at a reasonable price, then use market feedback (i.e. prices) to trade around the core position - buying more shares as the stock drops and selling if the stock rises.

Here are all 7 mental success tools.