Most investors invest in various investments vehicles as stated in the previous article without a plan, and as a result they also lost money in the market. According to Robert Kiyosaki in his book: RICH DAD GUIDES TO INVESTMENT, investment is a plan.
Investment entails a complete and total body of knowledge. And for one to be successful with his investment, it means one will be totally commited to his investment education. But most atimes investors entrust their hard earn money completely in the hands of the so call professional without understanding how the money is being managed.
The time people spend in searching or shopping for the non essential things in life, like groceries. toilettries, automobiles, rented apartment etc, if half of the time is used in planning and shopping for investments, alot of people will be financially free.
Before commiting funds into any investment, take out time to research the investment, determine you entry and exit strategy look all both the risk and reward side and weigh the two before taking ACTION. With all these in place you can then be said to be investing with a plan.
About Me
- samham
- An Astute Entreprenuer with interest in Capital market,printing & publishing, Real Estate, Oil &Gas and internet Marketing