Luck is often mentioned in investing, but I believe you create your own luck. The more you learn, act, and put yourself out there, the luckier you get. This is called Return on Luck (ROL) – benefiting more from the luck you get.

Traits for High ROL in Investing

1. Adaptability

• Pivot quickly

• Follow new information

• Adapt to market changes

Personal Example: I started with individual stocks, then shifted to dividend stocks. Now, I focus on ETFs, Bitcoin, and Real Estate. This adaptability helped me navigate market changes effectively.

2. Bias for Action

• Create opportunities

• Generate data through action

• Invest regularly

Personal Example: Regularly investing and analyzing results helped me refine my strategies and improve returns over time.

3. Grit & Resilience

• Get back up after setbacks

• Learn from mistakes

• Persist through downturns

Personal Example: Market downturns taught me resilience. By staying invested and learning from mistakes, I've grown stronger and wiser.

4. Ownership

• Control what you can

• Capitalize on events

• Make informed decisions

Personal Example: Taking charge of my investment journey, I've made informed decisions that align with my goals and risk tolerance.

Investing isn't about waiting for the right moment; it's about creating it. The more you prepare and position yourself, the higher your Return on Luck will be.

Cheers,

Kai

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