Investment Tips

Four Elementary Lesson of Investment

They said that discretion is the better part of valor. Bravery is not the same as reckless, being brave means having a good calculation and like the saying said, discretion. Though there are always risk in investment, if you do it bravely like rich people did, you will do just fine even if you failed. Then how to do it right? Patience, we will get there soon. But first, I would like to remind you four elementary principals of investment.
First, there are no investment without risk. Hell, there are no such thing as no risk. Even the most perfectly calculated plan have the tendency to fail. Life always have its share of risk, and most of the time it is proportional with the potential. Highly profitable investment has high risk also.

Second, don't be tempted by an outer looks. Often, someone will come to us and promise a good and tempting investment offer. Looking at the first lesson, never decide anything before learning the investment terms thoroughly.

Third, Do not put all of your eggs in one basket. Diverse, that is what my father always tell me. If you lose one you could depends on the others. Never gamble with your life unless you are sure you won't be broke if you fail.

Last but not least, never mix investment with insurance. So whatever happen to your investment you can continue with your life. Consider investment as a video game to increase your wealth and insurance is your life not your life credit in the video game. If you lose your credit, you could always buy more credit but if your real life gone, then no video games for you.