How To Invest And Breathe Together?
Windowofworld.com – Well, you said you were ready to invest, on your own. There are no stockbrokers, no financial advisors, just you and the open market. What an exciting prospect. Wait, are you seriously considering this proposition?
Please let me make some suggestions: Don’t do it. I’m speaking with some experience, having lost my fair share of the open market as a do-it-yourself investor. The odds of being successful in this type of investment are proportional to the chances of winning the lottery. This is bullshit. Unless you’re willing to take the time to investigate, investigate and then carry out an investigation. Successful investing is not the privilege of stockbrokers and financial analysts, alone. This is an area open to voluntary participation from all walks of life. The catch here is that you have to be well rounded, or you will lose.
Take the time to understand all the components of the investing arena, before you risk losing your little nest egg in ten minutes or less. What you’ve spent on a lifetime of savings can be lost in just ten minutes. Now that should be a frightening thought for any sane, rational investor.
If you still intend to invest on your own, here are some tips and guidelines to help ensure your success. If you are going to invest, at least hire some form of investment professional to advise you. There’s no need to let them invest, but use common sense, here. They know things you don’t know, and haven’t had time to learn.
Another piece of advice: if it sounds too good to be true, it is. Hands down, dream investment doesn’t exist. If you know someone who acted on a friend’s great tip, you can bet that someone worked hard on the information, and it probably won’t yield the big returns promised.
You have to be patient when investing. Investing is like saving money, it takes time to accumulate tangible results. Don’t panic, take a moment to step back and look at your investments and market indicators objectively. Panic costs you money. Hand in hand with patience, there should be some educational reading about the investment process on your part. If you’re going to invest, take the time to study the process, learn how to read a prospectus, how to calculate and distinguish a healthy business from one that is going out of business. Your knowledge will be your ticket to investing success by showing tangible returns.
It can be done, done every day, by people like you and me. You just need to understand the amount of commitment it takes to be a successful investor.