I received an email last week that kind of shook me.
Here’s what it said:
“Louise, I’m a fan, but I have a piece of advice for you that I do hope you’ll follow.
You’re telling people too much.
As an example, I know you openly tell people how it took you 3 years to break even on the share market.
You need to be aware that people don’t want to hear this if they’re going to follow your strategies.
They need to feel they can put their faith in the things that you do, so they’ll be able to trade well.”
Ahhh… isn’t this an interesting topic?
Is it wise to be so open and share so much personal stuff? (Answer: wise – no. Honest – yes.)
Are people more likely to follow someone without a few battle scars? (Answer: Personally, I’m not so crazy about listening to those with the Midas touch.
They’re not all that interesting, relatable, or knowledgeable about the strategies you get to create when your back is to the wall.
Also, when the bullets do start flying about, I’ll bet they’ll be the first to run for cover, crying “Mummy, Mummy…”)
So, yes – I do risk showing you my heart in these articles and pointing out the things I’ve done wrong with trading, as well as right.
However, it seems to me the overwhelming majority of people go through life literally crippled by not wanting to appear embarrassed in front of other people.
They live their lives of quiet desperation and dissatisfaction – subservient when they should take charge, quiet when they should be speaking up, dependent when they should be independent and poor when they should be rich.
As I walk beside you on your investing journey, pointing out the hidden land-mines (because I have stepped on them before), just realise I’m willing to look a bit goofy on the occasion – because I care about your success.
I’d rather tell you what I’ve done wrong, so you can learn from my experiences, and you don’t need to go ahead and repeat them.
And besides… those initial 3 years taught me valuable lessons – so I really don’t look back on them as a ‘failure’.
Without those first few traumatic ups and downs, I wouldn’t be the person I am today.
With this in mind, know I’m just a few steps further down the path than you are, so I can see what awaits – and the view is something that has to be seen to be believed!
Stick with me and I’ll help you avoid the landmines.