Archive for June, 2009
Cornerstones of Self-Confidence
Self-confidence
is something that all of us need if we have to do well in life. It gives us the courage to face the most
difficult of situations, something which cannot be said of people who lack
self-confidence. They often break down in front of challenges.
The question, however, is how do
you achieve self-confidence? You can do so if you define your tasks, and
priorities, correctly. You then need to ask yourself as to how you can
accomplish these tasks. A good strategy is to break your goals into smaller
tasks. This makes the main task seem less daunting. You then need to pat
yourself every time you reach a milestone. This increases your self-confidence,
and makes it easy for you to achieve your goals.
You also need to look at the
image that you have of yourself. If you don’t have a good image of yourself,
and are always running yourself down, then your chances of being successful are
minimal. Your self image or what you believe about yourself can be hurt easily
if you blame yourself for any setback in your life like a business failure,
loss of a job or a divorce. So, avoid
self-flagellation. It feeds on your negative thoughts, and can easily become a
monster. You need to write off your failures, and plan for new challenges. This
is a positive approach to adopt, and can shore up your shaky self-confidence.
Those who are close to you play
an important role in shaping your self-confidence. If they happen to critical
or negative, they will have a negative impact on your self-confidence. Your
priority should be to distance yourself from such people, and find friends and
supporters who are imbued with a positive outlook. Without your knowing, they will add to your
self-confidence.
Another issue that matters is
your reaction to the events in your life. You should consider yourself a unique
person who has his own special place in the world. This will lead to a
development of positive attitudes, beliefs and values, qualities that can give
you the self-confidence to succeed against all odds.
However, there is an inherent
danger in such a world-view. You may become too over-confident, and stop
listening to what the others say. Don’t allow this to happen. Listen to all
criticism, filter out the points that can make you a better individual; junk
the rest. This constant course correction will make you a better individual.
At the same time, you need to
monitor your internal dialogue. You must talk yourself into believing that you
can take up any reasonable assignment. This will drive away negative attitudes
and beliefs, and add to your self-confidence..
In fact, the picture you have of
yourself needs constant monitoring and care. You cannot afford to let it take
care of itself. Your self-confidence, happiness and success depends on it. You
need to guard against selling yourself short. Don’t underestimate yourself and
prevent feelings of inferiority from creeping in. Aim high and feel that you
are capable of achieving anything you choose. Write down how you would like to
see yourself five or ten years from now.
Make a list of your strong
points, the things you do well and the compliments you receive. Write down a
few of the things about yourself, which you think need improvement. Think of
yourself as a self-confident person and act as if you are very self-confident,
even if you don’t feel that way. Try to keep negative attitudes and beliefs
away from yourself and maintain a safe distance from negative and destructive
people.
If you take responsibility for
your life and practice these methods regularly, your self-confidence will rise.
What’s more, it will remain high.
The Joy of Self Confidence
Self confident people stay ahead of deadlines
Self confidence is known to make employees more effective in their jobs. Confident employees are capable of taking up complex tasks that require greater commitment and concentration. Confident executives are filled with hope and enthusiasm and are able to charge up the atmosphere of their workplace thereby inspiring people around them. These executives are a great asset to their employers as they have all that it takes to finish to with perfection the task at hand. Self confident people develop a habit of succeeding in whatever task they put their focus on. These guys surely beat deadlines.
Self confident people remain cheerful
A confident person is able to complete his jobs within the stipulated time and maintains an organized schedule. Staying ahead of deadlines keeps a person in control of the situation and matters at both office and home. A task completed well on time gives a certain joy and lots of time at hand as well. This avoids many tight situations and helps to maintain the calm and poise of a person. Self confidence is the best “face pack” one can have. You can make out a self-confident person with his beaming eyes and a cheerful persona.
Self confident people enjoy better health
Self-confident people are able to deal with chaotic situations with comparatively more calm and poise. They do not get puzzled because they have an inherent belief that they are capable of setting things right and make constructive efforts to solve the problem. This helps them avoid stress, high blood pressure, anger and confusion. Self confident people are, hence, on their way to good health and peaceful life.
Self confident people have more time for their family
A good day at workplace more often than not is quite a big factor as to how a person behaves once he gets back home. A great day at office makes a person cheerful and someone who would like to share happy moments with his family. He will have more time for his family. Spending time with spouse and kids often is a rejuvenating experience and makes him or her look forward for another great day.
Self confident people enjoy stronger relationship bonds
Spending time is the most precious investment one can make in any relationship. These days when divorce is on rise among working couples, confident people take difficulties in their stride. They are better organizers and are able to draw a line between work and family, creating a balance in their work and family lives. They are able to spend quality time with their families. They make sure that the time for the family should remain exclusively for the family and they avoid mixing it with work. Spending more time with children help them grow up with more sense of security and belongingness. These children, thus, have much greater chance to be self-reliant and self-confident when they grow up. Self confident people, by the virtue of their ability to organize things better are able to cement relationships with time and care. Self confident people also have friends and enjoy active social life.
Self confident people make more money
Self confidence helps executives generate a lot of team spirit and to have the ability to take up complex tasks and lead from the front. These qualities certainly bring profits in various ways for the company they work for. They are able to focus at the job at hand and complete it successfully. Self confident people tend to climb the corporate ladder comparatively fast and getter better pay packages!
Self confident people become role models
Self confident people stand a far greater chance of achieving success in life both on their work and personal fronts, than their counterparts. Self-confident people develop a certain charisma around them which makes people look up to them. They believe in themselves and develop the courage to take on bigger problems and provide solutions.
Self-confident people rise to enviable positions and act as a source of inspiration for learners and beginners. Self-confident people have more capability to become an asset to the company they work for and the nation they live in. People take pride in knowing and following them, and they often become role models as an employee of his company or as a father of his kid!
How To Get A High ROI In Stock Market Trading
The Return on Investment (ROI) in stock market trading is the profit you make on the sale of a security or other asset divided by the amount of your investment. ROI in stock market trading is expressed as an as an annual percentage rate.
Return on investment (ROI) is stock market trading includes all the income you earn on the stock. It also includes any profit that results from selling the stock. If the sale price plus any income is higher than the purchase price, then you have a positive ROI. If the sale price plus any income is lower, then your ROI is negative.
Of course as a stock market trader you are always looking not just for a positive but a high ROI. Below are some ways to ensure that you get a high ROI in stock market trading:
Always know what your buying
The most important thing to do to ensure high ROI in stock market trading is to acquire as much information as possible about the company you are planning to invest in. Do some basic analysis to find out if the stock is worth the price or else you will be gambling. You can always ask other people to the research for you if you don’t have time. Reliable sources are websites of major brokerage houses, finance publications and mutual-fund companies.
Don’t confuse smart investing with a bull market.
There are many reasons why you could be getting a high ROI in stock market trading. One is you could really be investing smartly. Another is that you could just be lucky enough to be in the right place at the right time and made money with hardly any effort. Sometimes we feel smart when the market is going up so we’re tempted to trade more frequently and take on riskier positions.
Avoid active trading
It is tempting to trade frequently especially when your gaining. This is particularly true with online stock market trading where investing is only a few clicks of the mouse away. But remember that it’s tough to make money by beating the market consistently. It is advisable to employ a buy-and-hold strategy to ensure a high ROI in stock market trading.
Mind the taxes
Frequent trading could also be very costly particularly so with high income taxes triggered by profits that could reach as high as 40%. To get a high ROI in stock market trading therefore, it is advisable to buy and hold for a period of at least a year so you would qualify for the lower capital gains rate of 20%.
Online Stock Investment Strategy
Wanna Trade? Do It Online!
The first continuous trading on a stock exchange was done in the 17th century in Amsterdam. Prior to this, in 13th century France, product traders used to meet in a house which they later called “Bruges Bourse”. Nowadays, stock markets can be found in most countries but the biggest markets can be found in the United States, Japan, China, and the United Kingdom.
Long before the advent of online stock market investments, trading was done by individual buyers and sellers. These are business persons who do their own trading activities. Later on, as market participants in the stock market increased, stock brokers began to represent individuals and other big firms who are interested to buy stocks.
A wealthy businessman has his own set of stock brokers representing his business interest in the world’s big stock markets. Brokerage houses were then established to cater to the increasing demands of the trend. These big firms are called brokerage houses and examples include Morgan Stanley, Merrill Lynch, and Charles Schwab.
Due to the Internet’s capacity to connect many people from different places at the same time, the process of buying and selling stocks has become faster, easier and less expensive. Online stock market investments have been availed by many investors because of its unique features compared to the traditional stocks trading.
Online stock market investments are easier to do because if a buyer or seller decides to do online trading, he does not have to pay a stock broker anymore. Stock brokers can charge up to as much as $100 per trade, while online stock market brokers can charge as low as $10 per trade.
Online stock market trading allows investors to do all transactions in front of the computer. An online stock market investor can also check and manage with his stock portfolio in real time using a computer. Several online stock trading companies have opened their websites to cater to the demands of their increasing clientele.
Online stock market investing has made the business of trading easier, faster, and cheaper. An investor who does online trading will not need to call his broker to conduct business. All he has to do is go the stock broker’s website and indicate the stocks he wants to buy or sell and these orders will be processed in real time.
These online stock market brokers or stock market websites, as they are called, also contains a lot of additional services in their websites. They can provide online stock market traders with stock market information, and other relevant insights.