financial freedom inspiration

RSS Feeds Twitter Facebook

What Business Should I Invest in?

Posted on | February 19, 2010 | 8 Comments

I get this question each time the subject of investing comes up, which is pretty often. Folks look for an investment outlet whereby they will simply “drop off” their money, and wait for returns. Now that the stock market is a no go area to most, and the credit crunch is restricting access to real estate investments, people are wondering what next?

At times like this, the way to go is to return to the basics, that is learning to become an investor rather than a trader. An investor can make his way through any season, while traders depend on market moves and sentiments to make money.

What should one invest in?

The first thing to invest in, is to invest in yourself. Invest in your financial and investment education. Start by buying and actually reading books on personal finance, investing etc. Attend seminars, step up your game.

Secondly, invest time in knowing who you are, what your talents and core skills are. What is your dream? What is your goal? Where do you see yourself in 20 years time?

Thirdly, invest in your personal finance acumen. Learn how to take control of your expenses, rather than running after it when the damage has been done, month in month out. Learn how to draw up and implement a personal financial plan, so that you don’t spend on impulse, spending money you don’t have, to buy what you don’t need, to impress people you don’t like. Learn to have a long term financial plan



With a sound financial and investment knowledge, knowledge of who you are, what you want, and where you are going, coupled with seed capital saved up through sound personal financial management, you are ready to fly. Your are ready to start the next phase of the journey. As a soldier fresh out of military academy, you are ready for your first battle.

There is no short cut to enduring success. You have to be ready to pay the price, or remain with the crowd, standing on the outside looking in

I will be taking each point in detail in subsequent posts.

What business can I invest in?

Can you handle the answer?

SUBSCRIBE TO FINANCIAL FREEDOM INSPIRATION NEWSLETTER

Enter your email address:

Delivered by FeedBurner

Related posts:

  1. Invest in Your Personal Financial Acumen
  2. Invest in Yourself
  3. How to Raise Money to Start Your Business 2
  4. How to Decide Which Business to Go Into 2 : Who Are You?
  5. How to Decide Which Business to Go into 3: Be Yourself
Category: Uncategorized

Comments

8 Responses to “What Business Should I Invest in?”

  1. ken
    February 22nd, 2010 @ 1:16 am

    KEEP UP THE GOOD WORK !

  2. Osita Nwaneri
    March 8th, 2010 @ 7:27 am

    It is erroneous to take the falling stocks as a failure. No. The market failed not the investor. As is the great principle of value investing recognized globally, always buy good companies and never sell them, never. That is the open secret of Warren Buffet and Mcneri. I have never sold. When the market is dropping, I am buying, when it is rising, I am buying. When it is static, I am buying. Just keep on buying good socks. They will be there when you are gone.

    In the west because of good transparency, many people advocate putting all your eggs in one basket. For me, I'd rather you diversify. If you are not an expert, go to a stock broker and ask which are the two top companies in 5 sectors of the economy? Buy their shares automatically: monthly, as the money comes. You will smile at the end of the day, trust me you will.

  3. Newdawn
    March 14th, 2010 @ 12:10 am

    Good point. However, what happened in Nigeria was akin to a meltdown. Folks lost more that 50% of their money. The market will sure recover, and may go back to 2006/2007 levels, but it will take a while.

    The guy that got out him money as better off, as he can re-enter the market to buy cheap, rather than wait for the market to rebound. His money moves faster, hence the concept of velocity of money.

    By and large you are right. In the long term, the person that invests in solid companies wins in the long term

  4. paul-andy
    June 15th, 2010 @ 5:44 pm

    Quite inspiring write up you have here. stumbled on it by inpulse and i must say iam glad i did. There is no short cut to success.

  5. ip camera
    December 19th, 2010 @ 4:49 pm

    First of all, great looking site you have here and great post too. I would like to keep up with your posts but having problem subscribing to your rss.

  6. 泳鏡
    December 21st, 2010 @ 9:37 am

    Thanks for this! I’ve been searching all over the web for the info.

  7. Newdawn
    December 22nd, 2010 @ 9:19 am

    Thanks. I will look into it

  8. winston
    December 20th, 2011 @ 1:39 am

    thank you for a better insite into inhancing my thoughts on knowing what you realy want to do in your life-buisnness and most importantly this basis of a good foundation,this was inspirational,

Leave a Reply