Remember the old saying “the rich get richer and the poor get poorer?” Rather than going along with the perceived picture wouldn’t you rather know why the rich get rich in investment and how you can too?
You might be surprised to discover the basic concept is really quite simple. If you never invest you will never get wealthy and that’s why the rich get rich in investment and how you can too. It doesn’t matter how much you have whether it’s a dollar or hundred dollars the point is you must start somewhere because if you don’t you will never invest and you will never become wealthy and you will be living the words of that old saying. Your investment today will determine your financial wealth tomorrow and that’s why the rich get rich in investment and how you can too.
Your first goal will be to identify market opportunities. Looking for excellent growth opportunities in the future is why the rich get rich in investment and how you can too. Do not be afraid of those buy low situations as long as you’ve done your research and are confident for their potential.
Your job as an investor doesn’t end there which is why the rich get rich in investment and how you can too. The cost of trading and taxes can add up over time so if you are a smart investor you will plan ahead otherwise you are going to take a real kicking on your returns.
You need to be aware of how the tax man will hit you. Remember just a couple of bad moves and you’ll go from excellent returns on your investments to average which is why the rich get rich in investment and how you can too.
Then again don’t get greedy. Let’s say you’re sitting on a stock that’s doubled in value. Remember a success story can turn into a disaster story in 60 seconds. The rich are constantly flipping and moving stock and that’s why the rich get rich in investment and how you can too.
Who better to learn from then some of the wealthiest and best investors the world has ever seen which is why the rich get rich in investment and how you can too. Jack Bogle and David Gardner have a message for new investors. “There are four things - diversification, tax efficiency, lower costs, and a long time horizon – will allow you to capture excellent returns over time because even with a market that is uncertain time is your friend and it will work itself out. Word to live by – that’s why the rich get richer in investments and now you can too!
Copyright © 2007 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only.)
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