INVESTMENT NUGGETS: WHAT YOU SHOULD KNOW ABOUT INVESTMENT #001

As I journeyed in the tracks of life and in business and investments I have come to realize that building sustainable wealth is a marathon, not a sprint. Discipline is a key ingredient.

Hi guys, i shall be doing a series on the nitty gritty of investment and more in my subsiquent post. I indulge you to stay tuned for more insightful contents.

Graham could not have put it more clearer when he said:

An investment operation is one which upon thorough analysis, promises safety of principal and adequate returns.

This buttress the fact and reality that so many would could to move tor and fro within the corridors of investment without making any significant achievement because they have not taken the place of research seriously. Its sad to know that a lot of folks yet still put they hard earned cash into an investment vehicle they know little or nothing about and they sure would have themselves to be blamed for the unrewarding outcome in the long run.

Investing in something you have little or no knowledge about is like waving at (flirting with) a lady in the dark. There you are doing your best to come through and impress her visually but the reality is that she has no clue of what gestures you are making and so your message would not have been passed on and you know what that means.

Before you invest, go for knowledge

An investment in knowledge pays the best interest… Benjamin Franklin

When you are properly informed on that blue chip company, or whatever stock or coin you want to invest in, your decision would pay off because you would be better positioned to act wisely and not from a blind spot of ignorance. Knowledge in informs and influence your decisions to a great intent

Understand the times

If you have been in the crypto space for a while for instance you should be a bit comfortable with the above nugget.
Like it is often said: Buy low and sell high.
Knowledge the right time to take a major decision in your business/investment endeavor can be a game changer for you. Some folks have actually lost millions at one point or the other in certain investment vehicles because of factor. Know what works and when it works well.

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A proper timing (entry point and exit point) can be all that matter most of the time in that investment decision. Timing is everything.
A minute earlier or a minute late can make a whole lot of difference in life and in investment as well.

Investment is not always bed of roses… Be warned!

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Am sure nobody enjoy failure in any field of endeavor but when it happens you must face it and conquer it. Learn to fail forward. Thomas Edison has this to say.

I have not failed. I have just found 10,000 ways that won’t work.

This statement is indicative of the fact that he recognized where he was not doing well and each step of the way he got more information on how to do it well the next time. That you failed does not mean you were stupid its just a feedback mechanism and you need to figure out how to do it better the next time.

Failure is simply the opportunity to begin again, this time more intelligently. Henry Ford.

Having this kind of mindset in your investment endeavor would sure give you an edge. Its hard to say but I must be plain to say you should be prepared to loss a few dollar in your investment journey.
However If your take some time to do the below the story may be different for you:

invest what you are willing to lose
Invest the right time
Invest after you have done your research properly
Invest only when you have the discipline to wait your seed to die, sprout, grow and mature for harvest.

Above all I am always of the opinion that before you invest in any thing else, invest first in yourself. Make up your mind to go all out for wisdom: get wisdom and get understanding. Step out of your comfort zone, buy books, listen to tapes, go for serminars and get trained for the area your have interest in.

Kindly resteem this post if you found it worthwhile. Thank you so much for having the patience to read through. I look forward to your view in the section below.