Ask Ed: Know Thyself
Question: What type of investor are you?
Answer: Some investors are eternal optimists. This can be hazardous to your financial health as impulse may drive your decisions. To compensate, you need a trusted advisor-an attorney or accountant- to act as a filter before making big commitments or signing contracts.
Question: Are you a glass half-full investor?
Answer: Always looking for problems is a good thing, but may prove too much of a good thing causing you to miss out on certain opportunities. Being self-aware of this tendency is the first step. Try not to judge quite so hastily.