Are you confused on what investments you should do? Has the financial analyst had you stumped because there opinions on the market vary by the minute? In this time of uncertainty who can you trust to invest your money?
If you are anything like me you are sick of the one size fits all investment advice answers. You are smart enough to know that each person is different and what’s good for Joe Sloe to invest in may not be a good investment for you.
As you read this article you will get key points to think about before investing in anything. This is critical your money is important this article will let you know for yourself how to invest when you are not sure who to believe.
Before we begin lets clear up an investment myth to help you start off on the right track. It’s a mishap that many people fall into and what many analysts don’t know or understand themselves. What I am referring to here is disclosing what investing really is.
Investing is a plan foremost in which you perform certain procedures to get the result of income that you can access now not in the future. The result or goal is to earn money daily monthly quarterly, or yearly anything outside of this is not really investing it is something else. Understanding this concept is pivotal especially when you are not sure who to believe or invest in. Every investment decision you make should be centered on this idea.
So many times people find their money is lost because they invest on hot tips, fly by night pipe dreams and sometimes even good investment concepts but they don’t center around the fact that they have to generate income on a regular basis.
Let’s take stocks for instance if you use a broker does his investment plan for you focus on you earning a dividend? Is his or her suggestion of stocks based on companies that consistently pay dividends or are they based on recommendations of stocks that may exhibit a huge spike. One recommendation is for cash flow and the other for capital gains. If you are unsure about who to trust in investing your strategy should be on the cash flow play aka earning a dividend.
The same is true for real estate are you buying properties to rent or to sell? Again one is focused on investing and the other is not. There is nothing inherently wrong with either approach but when it comes to investing when you are not sure it’s better to focus your energy on receiving income regularly not in bursts or spurts that may or may not happen.