Many investors don't care about the share price. Let me say that again. In Australia, there is a very y large chunk of retiree investors who simply don't care about the capital value of their shares because they are entirely focused on living off the income and the franking. "The kids will get the shares," they will tell you, "and I don't care what the share price is when I'm dead." Is that you? Cue the seven traits of an income investor. See if you qualify.
Income investors are generally not interested in the stockmarket
Their focus is milking it for income. It might provide some intellectual stimulation on a weekend when they read the newspaper or chat about it at dinner, but they do not wish to be watching the stockmarket, making decisions about the stockmarket, worrying about the stockmarket. There is tremendous value in avoiding stress. These investors have worked that out. Income investors value their state of mind over money.
Income investors are genuine investors, not traders
This story is from the June 2022 edition of Money Magazine Australia.
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This story is from the June 2022 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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