It is sad that society and business discourage new ideas. High school teaches us to hone concrete intelligence. Anything that does not make instant sense is dismissed out of hand. We heap ridicule on offbeat thinking.
Business and stocks are prime losers of the structured way or premature evaluation. Creativity is encouraged in art though it has productive applications in trade and commerce. Have your traditional stock investing methods run out of steam? Here are five steps you can take to inject creative energy into a deflated stock portfolio:
1. Develop formal skills in creative thinking: Edward de Bono is a prolific author on systematic creativity as a business process. There are other approaches available as well. Integrate creativity in to your daily stock investing operations.
2. Simulate using qualitative guides: stock investing is not only about past figures. Garner qualitative inputs from business managers about how they aim to build market shares and profits. Use these leads to model future stock values.
3. Start affordable risk-taking: set up small and dedicated funds using parts of previous stock market winnings. Deploy modest amounts in low probability but high-benefit options.
4. Learn from failure as well: do not let success become a burden, because every lucky run has to end. Keep track of your decisions, and you could turn failures in to profits.
5. Consider listening to stock ideas from unlikely sources: disinformation is a primary weapon in the stock market battle field. Friends may sell you lemons. Turn to adults who are not active in stock investing, and possibly land great catches from their unbiased minds.
The summer of 2008 is an opportune period in your stock investing career to join the creativity highway. Start making better stock picks today.
Let us hear your thoughts below:
