With my prior blog I posted about common sense and using a plan for long term. Avoiding very costly mistakes should be your # 1 plan. The reason I moved on to a simpler blog was because it is easier to focus on several investments rather than the market as a whole and avoiding too much political opinions. Political will always be a problem and if they fix them they will find 100 more to replace them. So let me get back to a simple plan.
Try to keep it simple ! Make your investments affordable without a commitment above the " minimum " amount of your income. Plan for bad times and how you get through those times to maintain your holdings. Often times this is where many make mistakes then they have to start all over. Learn from your mistakes, stay disiplined !! Make your investments when there is a calculated bottom, not when they are on a hill. Cycles happen, market crashes and economic uncertinty. Starting out is difficult, most things come from persistence on a longer plan, just stay determined. Most of all use your own integrity and don`t be influenced others at critical times. Be confident in yourself.
Real Estate and Pecious Metals even have cycles much like anything else. Some of the best advice I have read is focus a few things rather than a hundred. One hundred is just too much and one just can`t be an expect on so many. Be your own expert and trust it. Reading many different opinions will help you form your own. Anticipate complications and have an option. Know that paper currencies fail and it is a international bankers game which can get more complicated than many of us can understand. Own things that are immune to that game.
Start your own business if possible unless of course your one of the very fortunate to make an exceptional salary. It`s all about taking control of your own thinking.
No comments:
Post a Comment