Ep 66 - The evolution of a successful investor - identify your investor profile. Don't be number 5!

In Episode 66 of the Investing Insights podcast, Victor Kumar and Steve Waters from Right Property Group unpack five investor profiles. The evolution of a successful investor is about identifying your investor profile. Victor and Steve have for many years referenced the four investor profiles and most recently have added a fifth. 1. The collector loves ownership, wants to buys something. Just wants to be an investor. We see a lot of them in this market. Generally not strategic as they get caught up in brag rights and number of doors they have and mistake action with results. On the upside buying one is better than doing nothing! 2. The Observer loves the idea of investing but does nothing as there is always a reason for not doing something which is usually wrapped around fear? FOMO in reverse – shoulda, woulda coulda…… The observer spends endless hours poring over analysis and opinion, discussing statistics and rationalising their choices. They will set up an extraordinary number of ‘watch lists’ on their favourite property portal, and examine the results forevermore. The key failing is they get caught in the endless loop of analysis and are eventually paralysed into inaction. The right time is always now! To get to the profits, end goal you have to be IN the market to begin with. 3. The speculator loves to brag and accumulate front doors, quick wins, and rolls the dice. They are lovers of action and the thrill of the chase. Most that speculate tend to only look at the positive side rather than looking at the finer details and what could go wrong. Any investment class has a form of speculation around it . Everyone has been a speculator in some capacity. Being a speculator sounds like a heap of fun, because they operate with almost no perception of risk, making big decisions on the fly. Who isn’t thrilled by the adrenaline rush of quick wins? The speculator is on the constant hunt for opportunities to purchase and profit. Driven by the desire for fast gains, they’ll forego sensible due diligence and, instea