If your focus is on growth you should
➔ have in-depth sector knowledge,
➔ always be up-to-date,
➔ diversify as little as possible, but as much as necessary.
➔ watch your investments closely
Growth and diversification?
There is no magic formula for both!
There are only 2 Options: You decide
A: "Diversification of assets preserves wealth".
B: "Concentration of assets creates wealth".
Here are 5 ideas to protect yourself against the fear of being privately insolvent.
➔ Invest in cash-flowing projects
➔ Save a minimum of 6 months of your spending
➔ Build a unique network of investors
➔ Build other streams of income
➔ Keep your mind open for new Ideas
90% of short term traders lose their hard earned money.
Whereas 90% of long term hard asset investors generate cash flow
and increase their wealth.
Don’t be a trader, be an investor.
Invest in hard assets which generate cash flow.
Here are my top 5 for escaping the rat race
1. Give yourself a Why
2. Pay yourself First
3. Acquire Assets
4. Learn Sales & Markeing
5. Pick Up a Side Hustle
Timing the market is crucial to increase your profits.
Problem:
I haven’t met anyone who did it successfully.
Solution:
Invest outside the stock market.
It provides,
- less stress
- better returns
- a regular income
- more predictability
No entrepreneur is satisfied with an 8% margin.
Because they know that ...
- their money has to work as hard as they do.
- what opportunity costs are.
- average results are not an option.
Everyone should aim for double-digit returns!
The more Investments I see the more I'm convinced:
Investing in projects which provide essential products to society is
the most satisfying and profitable way.