I'm reading the book "59 seconds", by Prof Richard Wiseman. He has a section on motivation, and I'd like to rephrase his questionnaire in terms that are helpful or counterproductive in achieving your goals.
- make a step-by-step plan
- tell other people about your goals
- think about the good things that will happen if you achieve your goals
- reward yourself for making progress towards your goal
- record your progress (e.g. in a journal or chart)
- motivate yourself by focussing on someone you admire for achieving so much (e.g. a celbrity role model or great leader)
- think about the bad things that will happen of you fail to achieve your goal
- trying to suppress unhelpful thoughts (e.g. by not thinking about unhealthy food or smoking)
- rely on willpower
- fantasize about how great life will be when you achieve your goal
Here are a few share ideas that I lifted directly from a thread on Motley Fool:
- JDG (Judges Scientific) It designs and makes scientific instruments, operating in 4 segments: fire testing, fibre optic testing, ultra high vacuum manipulation, and sample preparation for electron microscopy. ROC 26.5%, EV/EBITDA 7.3, intangibles:total assets 41%. It has a market cap of £18.2m, and directors own £3m worth of shares.
- PSPI (Public Service Properties) It is a property investment company which leases out real estate from government sources in areas such as nursing and residential homes, school and resource centre for children and adults with special learning needs. It's a contrarian play, with a yield of 11%, and a PER of 6.7. Its gearing is 114%. Interest cover is 1.9. It has a market cap of £64m, with negligible director ownership. Seems pretty risky, this one.
- LOQ (Lo-Q) Designs queuing systems for theme parks, so punters don't have to queue as long. They make a "Qbot". You rent it, and it allows you to reserve a place in a virtual queue line for your favourite rides without having to actually stand in line. You get a little gadget to select your ride, and receive a ride time. ROCE 28.7%, EV/EBITDA 9.1, intangibles:TA 12%. Market cap £28.5m, directors own £6.2m. There was a large directors sell for £1.5m in March 2011 at 154p. Share are currently at 166p.