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Here’s The Guide To Making All The Right Investments For Mega Success

15 Jul 2015
Rosemary Rugnetta
0

Investments are enormously tough to get right. It takes a lot of time and skill to get to the point where you can pick out a winner immediately. A lot of investors don’t walk away with more money than they spent. They learn to get to the stage where they know a good investment when they see it. The thing is, most are already broke before they even halfway get to that stage. That’s not going to happen to you. We’ve got a guide that’ll help you to pick the right investments.

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Skepticism

Being skeptical helps enormously. Whenever possible, try to poke holes in the plans of the investment opportunity. Ask the obvious questions such as how much risk there is, or when you can expect to see a return. Ask the questions that aren’t obvious too. Be blunt if you need to be. Make them convince you without a doubt that your money is safe in this investment opportunity. Even if they give you compelling evidence that a return is guaranteed, never just take their word for it. Run the numbers yourself. Assess their business plan. Never take anything told to you as a given.

Proper Planning

You need to plan out your investments for the long and short term. You can’t just throw you money at an investment then wait for it to come back. Some investments can take years to see a return. Sometimes even as long as a decade. You can get investment planning advice from Blueprint Wealth. An investment management company should be able to break down to you what your current and future options are. What the long term and short term investments are looking like. Sometimes you need professional advice as to where to put your money. A solid two or five-year plan should give you a blueprint of investments to work with.

Be Flexible

The markets will change. From time to time they may change enormously. You’ve got to be ready to move with the markets. It’s like fighting the current of the ocean. It cannot be done, you’ll just be pulled under as a result. Keeping your eye on investment trends and financial markets should indicate ahead of time where the changes are going to happen. Keep your eyes open and your ears to the ground.

Accept Losses

Even if you follow this guide, it is not guaranteed success all of the time. Every investor has losses to their name. There’s not a single one who doesn’t. You need to limit your losses in size and number, but you cannot eliminate them altogether. Don’t be afraid once you see a loss or two from your investments. So long as your portfolio is diverse you should be able to sustain the hit quite easily.

Protect Your Profit

Never reinvest your entire profit into something else. Don’t even use half. Investing is about growing a large sum of money out of something much smaller. While a large investment will mean a larger sum back, as the returned sum is never guaranteed it’s wise only to reinvest in smaller chunks.

 

About the Author
Rosemary is a lifestyle and finance blogger from the US. Currently living in London and making a living as a life coach and financial blogger. Lover of life and permanently with her four-legged friend, she's making the world a more positive place, one blog post at a time.

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