Finally what he had done? He contributed his major share to a charity house through Bill Gates, the founder of Microsoft.
Required amount of greed is good but crossing the limit always give you worry from the lose by taking wrong decisions eying a lots of money immediately. Remember, investment can’t make you millionaire or billionaire within some days or some months or years. It required time and it also required proper preparations and action. Greed to money is another major factor that can give large investment failures.
Blind follower
You can see the small fishes always like to follow its mother. It will follow in a line and when the mother turn back, they also turn back and again start following her path.
Some investors are like this. They always like to follow others. If the person is little famous, then such followers will never look around but always look on the path where there self inspired mentor is doing. They have a tendency to do the same at the earliest. Remember, this is very wrong approach if you are an investor. A true investor should learn from other investor’s success but, blindly following his path will put him to big trouble. How a goat can eat like an elephant?
Tips taker
This is another factor which can give solid investment failure and great lose of money. Tips are fire if you are not approaching the same properly. The poison in the tip lying on the responsibility that someone need to take. Most cases, people frequently providing tips to investors but with a small clause at the end of there report saying “the person will not be responsible for any lose that happening to this who follow and act as per what we said in this report or tips”. Tips are just like someone who nicely smiling on us with an intention to kill us.
Blindly following the tips from any source are the another important factor that can lead to investment failure.
Lack of passion
Here is an example. Michael Phelps got nine gold medals as well as Olympics record in Beijing Olympics. He was into swimming. Suppose the US Olympic committee had decided and informed Phelps to participate 100 meter race instead of 100 meter swimming, what will have happened? Of course, he will have not won and US will have lost 100 meter medal as well as swimming medal. Phelps personally has lost the Olympic record as well as a possible gold medal.
Why US didn’t force him to participate 100 meter race? They are well aware that Phelps is into swimming and he can perform there. Because, he passionate to swimming and he can do whatever he want with that. Why I am saying this is, you should have look deeper into yourself to identify your passion before committing to anything. Investing required someone have true passion to that. Or there is enough possibility of investment failure. I hope you understood the requirement of passion from the above example itself.
Lack of confidence and fear to act
Less confidence and fear is another major factor that can lead an investor to the investment failure and huge lose. This character can be seen in some people who doesn’t have risk taking capacity but want to invest in high risk instruments by seeing the profit that instrument generating. Such people always have suspicious mind and that will lead then to miss out better opportunities to buy as well as sell. If you decide to do something, go ahead like Alexander the Great. You can win. Or you can lose. An example is, If a train is 1000 meter away from you, you can cross the rail. If the train is just 10 meter away, will you cross the rail? If you are not crossing the rail when the train was 1000 meter away, you are losing the opportunity to cross the rail and have to wait till the train pass. Thus, you are losing your time too.