3 Things You Need to Make Money Practically No Matter What the World Throws at You
People ask me all the time about what it takes to become a successful investor and they’re usually surprised by my answer.
They’re thinking about profits but success really comes down to something entirely different.
You need three things to make money practically no matter what the world throws at you.
- The ability to think differently and recognize big trends even when the headlines make you think there aren’t any;
- A simple, decluttered approach to investing that’s equally effective in good times and bad; and,
- Tactics that match your lifestyle and emotional drivers
Just not for reasons most people expect.
- Manage risk and profits will follow – not the other way around
- The most expensive “losses” are the opportunities you don’t take
- Buying when it “hurts” can create huge profits if you know what to look for-
Until next time,