Good, Bad, and Ugly! How to make money Part II
You've decided to finally take charge of your
financial life and start an investment programa
That's good!
You train a monkey to throw darts at a financial
board in order to decide what to invest ina
That's bad!
The monkey does just as well as a majority of fund
managers in the finance industrya
Now that's ugly!
It is important to remember when investing in
anything, that prices move up and down based
on supply and demand. If there is little demand
of a stock, the price falls to a level where people
will buy. When the price is moving up, demand is rising,
people will buy until the price gets too high.
When the price is too high, people no longer
will buy at that level and the whole cycle starts
over again.
This is true for any investment.
Here are three important tips to help insure
investment success.
Three keys to investment success.
#1. Be even keeled emotionally.
Don't be overly emotional, or overly nonchalant.
Investing is neither an exact science, nor an art form.
You don't have to be Einstein or Picasso,
but you do have to be Spock.
#2. Develop a systematic plan of savings and investing.
The time your money stays in the savings or investment
account is the key. Why you ask? Because the longer
an investment has to work, the more compounding of
interest, dividends, and stock appreciation is available
to help multiply your money seedlings.
#3. Continue to feed the monkey, ice the throwing arm
after extensive dart throwing sessions to avoid injury,
and make sure it gets proper rest.
A healthy monkey insures its ability to compete with
all the other fund managers.
Until next time
remember investing must make money sense...
Maximize your dreams
Organize to overcome obstacles
Network to net-worth
Enjoy the moment
Yield and abundance
Sensible
Enlightenment
Non-partisan
Strength
Excellence
Your money coach
Todd A. Williams
End
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Resource:
Todd A. Williams is a Money Coach. An Author,
educator, and public speaker. subscribe to his free ezine
at
http://www.moneybytodd.comContact him at
Coach@...
