It is quite an insult to be called "cheap" and it is true, in daily life, money is made to go around and socially, being cheap is not an attractive quality.
However, as a prudent investor, being a cheap skate, tight wad is the most desire-able quality you can have.
The whole point of investing is to spend as little money as possible and get as much as you can for your investment.
When you have this cheapskate attitude, you can often get much better returns.
There are no social niceties in business as it is business and not a social environment.
Keeping your investment business nice and tight and lean is crucial to success because everything you do in terms of money translates to the bottom line so every penny must be accounted for and working for you.
This may sound extreme, however, it is not the money values, shrewd investors keep their eye on, it is the actual percentage ratios.
We all understand the skewed effect compounding has.
For example a 20% return over the year will compound your capital at a certain level.
But a 40% return is not twice as fast, in fact it is triple or close to quadruple times faster.
The answer lays in the math and understanding that squeezing out even just a few percentage points each year can have massive ramifications on ones port folio.
Thus, being a tight wad cheapskate with your investment business is not only prudent, but it is essential for the fitness and successful compounding of your initial seed capital account.