A wise investment involves best options that are good for one 's money. An investment made is always based on one 's goals, the risk taking ability and time. To become a successful investor, one need not be a graduate in Economics or Finance. Investors can invest smart when they decide on what is best for them and by having an understanding of where the money is being invested. Successful investment strategies always have to be personal, but it also has to be understood that this is just the beginning. By taking a look at what successful investors do, one can easily deduce the key elements that are factored towards their success.