Lessons From the Field #9:
No Bad Time for a Good Investment
Finding an investment that is right for you can be difficult; even more so when the economy is unstable. As you watch today’s 55 seconds, you may want to ask yourself:
Regardless of the economic environment, the formula for successful investing is always the same: know what you are getting into, understand the long term value, buy low, and sell high.
Uncertainty breeds fear and fear breeds inaction…fail to act…and the world passes you by.
Not just any action will do, you must be smart about it. Act rashly and you get burned.
Socrates said, “the secret of change is to focus all your energy, not on fighting the old, but on building the new”.
Some investments are currently out of favor…but if their fundamentals are good and if you have enough time their discounted prices could be a bargain.
Others may be casualties of the broader market whose prices are depressed because similar assets are in trouble.
Still others are taking off because of the new world order.
It’s been said, you make your money when you buy…and take your profits when you sell.
Where could you be making money right now?