Investing is one of the best ways to set yourself up for financial freedom and retirement. Every and anyone should be investing in something. Depending on your upbringing many of you don’t know where to start. Well I want to help you get started. But get started the right way. There are only 2 Rules to investing. Rule 1 Don’t lose money. Rule 2 Look back at Rule 1. So, we are going to talk about what do you invest in.
How do you know what to invest in? Don’t make the same mistake I made when I started. Don’t start investing randomly. That’s called speculative investing. Have a formula. Find what you like to do. Then find what you are talented in. Then find where you are spending your money. That’s the start to it all. You need to invest in something you know about. You don’t need to know everything about it but you need to have an idea of what’s going on.
Once you get your list together then you need to see what keeps repeating. What goes hand and hand with each other. Take that information and start figuring what company’s meet those characteristics. I would say write down as many businesses as possible. Once you get into the numbers a lot of them will not meet the criteria you need to make a smart investment.
Hopefully this gave you a good idea of what you should be investing in. It doesn’t have to be super complicated like how people make it seem. Keep it simple and invest in what you know. You may be surprised at how much you know about a business or industry. Take your time and do it right.
During the first period of a man's life the greatest danger is not to take the risk.