What Makes a Good Investment?
Wall Street is the home of the New York Stock Exchange and many other enormous financial giants. For me, one of the strangest things about the stock market is how little we really understand it. What do you know about the stock exchange?
The Truth About the Stock Market
If you watch the business channel or business news or read a financial paper, people talk as if the stock market is all science, but it isn't. There are no proven theories or formulas. Sometimes, markets do what we expect. Other times, they don't. You can have a huge amount of experience and pragmatism and still suffer huge losses, or you can be an idiot with your money who just gets lucky.
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What Is a Good Investment?
So what makes a good investment? I'm not just talking about money. The investment includes time, people, stocks, house and so on.
Make sure you know exactly what you're getting into. Risk is fine as long as you know how much there is. You don't want to put your head out of water. When investing, make sure you invest in several different baskets.
If you want to invest in someone's business, make sure you understand it, be it two or three years' time or straight away. If you're investing your time in a course or training program, learn what you can use it for and where it's accepted.
The Final Word
Whatever you invest in, do your research.
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