Top 4 Smart Investment Tips From The Investment Guru
Phil Town, an American investors, motivational speaker, and author of two books on financial investment talks about 4 TIPS you could apply wisely in every of your investment.
- Avoid watching the price of stocks on a daily basis. Just like a watched pot never boils, you can’t expect major changes to happen each day. Stick to the 10/10 rules, never invest a business or any property for 10 minutes if you are not going to hold it for the next 10 years.
- Live off one stream of income, then invest the other. Town emphasizes the importance of paying your bills and maintaining a quality lifestyle; once you’ve settled the basics, try to invest whatever you have left. Treat your investment like a business whether they are stocks, real estates, or any other commodities.
- Buy businesses, not stocks. Town stresses that you must believe in the companies you invest in. For instance, think about this way, does the value of the property matched your value when you are investing a property. This is because you are not just buying a physical products, you are investing a value that your property would possibly generate for you in future.
- Treat all your investments the same. If your investment will still be active in a decade, keep at the process and stick with the business to see its true performance. Invest in something you know that you are able to earn a positive return in long run. Ask yourself, is it a wonderful business, do I understand the business, can I stand out of competition, and am I investing at a great price.
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