Most investments are unpredictable. There are many frauds and scams when it comes to any type of investment. It does not matter the nature, product of credentials of a person.
People should take Warren's Buffett investment principle and focus on investing on their area of competence. Areas where you are a specialist in and that has potential for profit with a particular strategy that you can continue to repeat over and over again.
Cash is King
Why do you want to make investments in the first place? To generate more cash right?
Stocks
Stocks are for short term profits. Long Term is a Farce!
Contrary to Warren Buffetts philosophy holding an investment Forever is risky.
Housing
Housing is best used for enjoyment and not for purely for financial investments. There is high risk when investing the housing market for pure financial gain.
Diamonds
Diamonds are a complicated investment. Diamond investment should generally be purchased with a high quality lab certification like GIA, AGS, or HRD. Diamonds are somewhat easy to buy but difficult to sell for a profit. Like any investment, diamond investment can somewhat be unpredictable especially to a novice. However, with an immediate end buyer; there can be instant profit which then makes it predictable.
Gold
Gold is a very popular and historic investments. Investments can be made in numerous ways. Examples are trading for short or long terms fluctuations. It can be used as an accumulation of an asset. What is great about gold is that it is simple. It is concentrated, simple and it is liquid. Gold price can be looked up easy and stored easily. Mistakes people make when investing in gold is to overpay for commissions on the both buy and sell side. What is bad about gold is that it is similar to the stock market if you sell at a discounted price.
No comments:
Post a Comment