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Goals – Build Your Investment Portfolio to Maximize Returns
What makes so many
people fail very woefully when investing is that they go into it
without understanding the rules regulating it. The truth that is very
obvious is that you won’t be able to win a game while violating its
rules. But, you have to know the rules before you can think about how
to avoid violating them. Another main reason lots of people fail in
investing is that they get into it without understanding what it is
all about. This is the actual reason it is very important to know the
meaning of the word, ‘investment’. Now what is an investment? An
investment is a valuable that generate
income.
How
to find the right investment for you
In today’s market,
there are lots of opportunities for people to invest money and make
good profit. The main reason people don’t invest is because they
find it hard to choose what the best options are for their specific
situation. With a few simple tips, investing can be highly easy and
profitable.
To start with all you
have to do is find investments that you can trust. The easiest way to
do this is to research very well a stock company that you have some
interest in.
Always remember to
use only the companies that have a very long history of public trading
and are also successful in their specific business market. These are
the kinds of stocks that are the backbone of any successful stock
portfolio because they offer security, stability, and predictability.
Use the information
you will get to know if this is the type of company you really want to
invest in. After making your choice you have to stay informed.
Normally seek out periodic information about all your stock
investments. A company that is stable today can easily slide into the
red without you even knowing about it.
Another good way to
pick up vital stock tips is keeping up with business news. Business
news stories can give some important indicators of where the market is
and where it is going. The value of the company and its stocks can
also be influence by these news stories.
Top business news
always includes the success and failures of public companies as they
develop. Most especially when dealing with the scandals of big
companies. Big scandals can easily crash stock prices and you keeping
up to date on the news can make you to be able to sell shares before
the price actually drops. The same is true with positive news.
Mergers and upcoming
events can be good indicators that a company’s stock prices are about
to go up. All you have to do is invest in their stocks prior to these
events.
Another great
way to make money are Technology stocks, because of the
advancements in technology, most especially in health care and drug
companies, occur very fast and offer increased earning
power. New
technologies normally increases stock prices associated with these
types of companies.
Do you know that
learning about technologies that are new and keeping a very close eye
on their development can help you in knowing the right companies for
your portfolio. Remember that not all technologies actually succeed so
that is the main reason why it is very important to be an investor
that is up to date and educated.
The power to predict
the right investment platform will become very simple with the time
and effort you spend on research because while so many short terms
investments have the potential to make
money fast they also have the potential to clear out your bank
account so short term investments have to be balanced by long term
investments in companies that are solid.
You can always ask
co-workers, family, and friends, for help and advice or any tips they
have. Most people are very willing to share with you their successes.
Now you have to remember to balance advice with sound research and
invest in companies you trust and like.
Discipline
The most important
thing when considering your investment plan is your ability to
maintain discipline. Ideally, your investment plan was created based
on what was discovered following your planning discipline. After
adjusting for the factors you have control over we seek to find a
portfolio that best achieves the return you need to reach your goals
while taking the least amount of risk to get there.
Persistence
Persistence is the
act of continuing to do something in spite of difficulties. It is the
ability for one to tarry in whatsoever he is doing until he achieves a
desirable end. A persistent man does not see obstacles the way others
see them. To him, obstacles are stepping stones to his destination. A
persistent man is not easily dissuaded, he is like a tree that is cut
down but geminates again because it has its root in the ground. A
persistent man sees rejections and failures as opportunity for him to
start afresh. In a statement – he is immovable.
For everyone who
wants to generate wealth and flourish in it, he / she must be
persistent in whatsoever he / she does. The popular saying that
winners never quit and quitters never win is applicable in this
illustration. A man with feeble minds cannot flourish in wealth
because to acquire wealth is not an easy task. There are always
obstacles on the way to success. Your friends may turn against you out
of jealousy and envy. But you must not give up because you are
conscious of your destination. All men are moving but few are
conscious of their destinations. Those few are the ones that persist
in their pursuit for success and wealth. You must be persistent in the
journey of life.
One of the reasons
why you should be focus and persist is because there are dreams
killers and discouragers in the journey of life. People are out there
who would not want you to surpass them in life. They are the mediocre,
maintaining the status quo. They hate you when you are succeeding and
they can do anything to dissuade you from prospering. But, as a
persistent man, your dream should drive you and make you cross the
hurdles of life.
Persistence is the
key to wealth! Do not quit that business because you have failed once,
twice or anytime. If the business is genuine and profitable, you
should continue in persistency. All you need to do is to learn from
past experiences and plan out new business strategy for your success
business. The ability for you to remain while others are quitting
makes you a lord in that business.
What I am saying is
that whatsoever you are doing that is of interest to you; and that has
the capacity of generating wealth for you should be taken with
persistence and seriousness. Never you quit because people are
quitting.
For example, in stock
exchange business, the right time to invest is when market is
down. People quit at this point, but a persistent man would invest
seriously in it, knowing fully well that tremendous wealth would be
knocking on his door immediately market is up. No man makes wealth
without persistency in his daily endeavour. Wealth could come in a
platter of Gold but you need to maintain the source of that wealth
with persistency. Any vision you have must be maintained in order for
you to have a maximized destiny.
Conclusively, wealth
is the desire of every human being on earth. Unfortunately, many still
remain poor and die wretched. People who could have become world icon
and legend, but lack of perseverance robbed them of God’s given
wealth. Some people commit suicide for first failure, others relent in
their effort because of disappointment, not realizing that they could
have taken just one more step. Just one more trial could make a
difference and change a man’s destiny. Try that thing just one more
time, just try it again and you would record high success. Persistence
is the key to wealth.
Taking
control of your money
The fact is, the
people who are financially successful are those who devote time into
managing their money. They put all their energy into budgeting,
saving, eliminating debt, and finding income producing assets. They
have the discipline to educate themselves.
It is not difficult
to get financial education because we do not suffer from lack of
information. Financial
literacy is hardly taught in schools or at home. There are
thousands of books, seminars, and coaches who could teach you all you
have to know.
Most people learn
through others mistakes and some others never learn at all and it
doesn’t matter what economic bracket you are in because there are a
lot of entertainers, athletes and lotto winners who fail to take
control of their money.
Get
out of debt
Those who want to
get out of debt really have to make lots of changes in their life.
Your debt proves the fact that there is something very wrong with the
way you once lived your life. So that means you seriously need to
change something to make sure that you will never go back to the same
debt situation again. This will either be minor or a total turnaround
– depending on the amount of debt
you are currently in.
As you begin on your
road towards financial
freedom you have to always do things the right way. That means
starting with a plan. Nothing can ever beat proper management
techniques in handling your debt. So how do you intend to plan for
your debt relief program?
To start with, you
have to make a monthly budget. This is not just an easy plotting of
income, expenses and debt. You need to think about where your money
goes. Decide which ones should be stopped so you have more to put into
your debt payment fund.
Always separate your
wants from the needs in your expenses list. As you are doing that,
check out any expense that you can take away. For example, the gym
membership that you don’t use most times can be cancelled, also with
the cable subscription that you are not maximizing. Now once you have
finished the savings that you can easily get from your expenses list,
get the total and remove it from your income. This is your disposable
income – which is the money that you can simply use for your debt
payments.
After accomplishing
that, go ahead with your debt list. You have to put in writing all of
your credit obligations. You need to make payment plan that you can
easily monitor by creating a list on how much you need to pay for
every month… The goal here is to check if your disposable income is
enough to pay for your monthly debt obligations.
If the answer is yes,
then you have to categorize a couple of debts so you easily finish
them quickly. The truth is, working on your debts one after the other
will help you experience success faster because after you have
finished paying off one debt, you will get the right motivation needed
to pay off the rest.
Now if your
disposable income is not enough to cover your monthly debt
requirement, you will have to research on debt relief programs that
you can avail. Your choice will also depend on the balance of your
debt and unique financial capabilities. Growing your income or selling
off some of your assets to add to your disposable income is also a
very good idea.
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Start
investment
early
When you start by
taking some little steps into the working world, a step that normally
comes hand in hand with finally moving out on your own, there are so
many places your money will suddenly start disappearing to. Not only
will there be an onset of bills like you may have never thought about
but there will also be the desire to buy all those things you were
always wanting to buy. It is always very hard to stop yourself now
that you finally have the money to get that bigger TV, the car and
gadgets you have always wanted.
The issues so many
people have when they normally get to this position is that the money
vanishes faster than they would have ever thought when they do all of
this spending. The fact is the value of a dollar never does not show
itself fully until you start making what you supposedly think is a lot
of money and then watch it add up to nothing.
Now in other words
there is nothing wrong with this. It is a stage of life like that
normally comes with its own lessons to be learned. Avoiding any
significant debt is the most important thing to keep track of during
this period; this is doubly true if you are just getting out of school
and already have that education debt hanging over you.
If you are one of the
very few people who learn how to handle that and then manage their
money wisely then there are some other steps which are just as
important, to take. Most of us have never been taught what we are
expected to do with our money and also how we can make it work for us.
Some people manage to avoid debt and even find a way to save chunks of
each paycheck in a bank account but very few of them don’t do
anything more with their savings than that.
Leaving money sitting
in a bank is a bad idea for so many reasons; one of the reasons is
because by the end of each year the bank is very likely to take more
fees than it gives interest. While leaving a lot of liquid funds to
get by every month is important, taking big funds and investing them
is also very important. Now for people who do not have bid amount of
funds it is even more important that they find a way to create them.
By practically investing
the money wisely, let’s say starting off with profitable
investments that build slowly but steadily, then you are able to
better make sure you have lots of money for your later years. And just
because your later years are somehow far away doesn’t mean you should
wait to invest. You have to know that the best investments are the
ones that normally take lots of time to pay off. The ones that will
instantly make you rich over night are very few and they are also the
ones that are also risky enough to make you very broke overnight as
well.
When you start
investing those few extra dollars you are always able to put aside
early, they will be able to turn into bigger dollars in the years that
follow. Take for instance, twenty dollars a week going into an average
paying fund will not turn into thousands after some few years; but if
you start that twenty dollars a week when you are young, then it will
be worth something significant when you really need it.
Take
advantage of the power of compounding
Do you know that one
of the most popular investment tactics that most people wish they had
implemented is the “start investing young” tactic? With this
investment tactic rates of return are assume to be compounded, but
most times the idea of compounding is assumed to also come from
income-paying investments like term deposits.
To the contrary, compounding
can also come with gains in mutual funds, dividend reinvestment plans
and unrealized gains on equities or other assets. So, thinking about
the magic of compounding
with the magic of unrealized gains can also bring about the results so
many investors seek with their investments.
For instance, an
equity that has gained as much as an average of 8% in value every year
could be said to have a compounded rate return of 8%. This is a good
return rate, especially over a long period of time investing.
An investment program
that is started at a very young age not only allows the benefits of
compounding to take effect, but it creates a very healthy financial
safety net when non-tenured employees are cut back during hard
economic times. Since most companies usually lay off workers who are
less tenured, the younger employees are mostly in the cross-hairs when
it comes to getting laid offs. When you establish a savings plan while
still very young, it allows the most-vulnerable workers to draw on
savings instead of credit.
Starting very young
normally establish a savings culture within the household. While
purely psychological in nature, savings programs are extremely hard to
start implement and this behavior becomes even harder to get started
as we age. Starting young will allow us to avoid the saying that
teaching an old dog new tricks is (virtually) impossible.
Starting early also
allows for greater net worth, which will result in good rates on
mortgages, and more financial flexibility in ways of financing
purchases that are larger as well as overall debt loads that are less.
While the opposite of borrowing is often seen as savings because they
often mostly go hand in hand. Someone with a great net worth will
hardly have poor borrowing habits (and a poor credit score). Savings
at a young age will instill better financial views and objectives in
the long-run.
Aside from the power
of compounding working to a young saver’s advantage, there are
a lot of other behavioral, financial and psychological advantages to
starting very early. Also by knowing the fact that compounding does
not only works for straight interest payments but also for other
investment rates of return, people that are new to investing can
quickly see the potential benefits to starting an investment program as
early as possible.
Spend
some time reading investment books
Quality investing
books offer lots of good advice on topics relating to wealth creation,
which is quite wide-range and covers so many investment choices. The
purpose of these books that are based on investment is to give the
reading a very good comprehension of all risks involved and the
potential benefits from investing in such things as bonds, stocks,
property, and currency.
In the past years, a
lot of the very best knowledge and secrets that is related to
investments has made its way on to the bookshelves. A number of
successful and good investors have written on paper about their
extensive knowledge and experience, which makes it very easier for the
keen, first-time trader to invest with a great deal of intellect which
brings greater profitability chances.
There are two types
of books written about investment that you can examine, and they are
much related to those targeting the professional and the complete
beginner. On the bookshelves are so many books about investment to
sift through, some very good and some are bad, so it is always
difficult to choose the perfect one for your particular needs. Most of
the books on investment take a particular approach, because they are
most effective for the author, so the ways given to invest on the same
subject matter are often different from one book to the next. It is
therefore very important to make a research about the possible choices
and choose one that gives information you can use yourself in the real
world.
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Make
Investing a Habit
Setting
Investment Goals
The most important
step towards financial independence is to set investment
goals.
Identifying the type of investments you are interested in is the
process of setting goals. For instance, do you want to make money that
you can easily use right now? Do you want to invest your money because
of your retirement, or do you want to easily make investments that
will improve your net worth?
After setting your
investment goals, the next step required will be to identify
investment products that can help you reach your investment goals. In
doing this you have to use investment research tools like tables,
calculators, case studies and lists. You can easily find these tools
online.
As you start
investigating investment products you will have to start selecting
investments that you are interested in. When you find four or five
investment products that you are interested in, then you can start
researching these products. To know about these products you have to
review the history of their performance, you can easily talk with the
company that offers the product, and you can also read through the
product’s promotional material.
Talking to an
investment professional is the last step in setting investment goals.
They are the ones that will be able to tell you the right investment
products that are best for achieving your investment goals. They will
also be able to tell you how good the investment products you have
selected are. Before you visit with your financial professional make
sure that you have a list of investment goals that you want, as well
as a list of questions that you have about the investment products
that you have researched.
Monitor
Your Investments
Do you know that
monitoring your investments
is very important and it is one of the best ways to establish a very
fruitful and secure investment portfolio? Many people always get
involved with investing and when it wears off, they normally forget
about their investments. Again, so many people believe that there is
no need to always monitor investments, most especially long term low
risk investments. These are all bunch of excuses to be lazy because
not one of them is actually true. It can be very stressful to keep
record of your expenses and your investments but however it is not
impossible.
Learn
from your mistakes
The act of making a
mistake is mostly seen as a failure because no one really want to make
a mistake in life but if one can actually learn to always grow
financially or personally from these blunders, then they will achieve
what over 95% of others have not done. When some people make a
mistake, they normally try to justify their actions so that it won’t
look like one. They will beat around until no one remembers the
mistake and they will never have the chance to learn from it.
The fact is the most
important aspect about making mistake is admitting to it. If the
mistake affects you alone, then make sure that you are well aware of
what you did and write about it. But if it also affected others, then
you have to confess to the mistake and talk about what could have
simply been done to avoid it. You also have to write about this as
well.
Keep
Your Emotions in Check
Man has the most
developed brain among all species because it is a rational being. But,
in all this, man is also governed by his emotions. You have to know
that man is ruled by the heart more than his mind. And his emotions
always play a big role in man’s investments too. This is one of the
reason which sees a particular person at one time might want to invest
in the stock market, while at another time might find the same too
much of a risk.
The company one is
investing in is often controlled by emotions. Generally brand
loyalties normally come into the picture here too. For instance, if
someone prefers buying his sportswear from Nike, then he may want to
also invest in its stocks, although the stocks of Reeboks may be doing
better. It is very good to conduct a good research and check the new
trends rather than following your heart blindly. You have to always
know that you are not dealing with the super market but the stock
market.
The very next
important thing is the stock price. I believe we all know the fact
that a Ferrari is far better than a Civic. But even the Ferrari has a
price range, because it has more features and is better than the Civic
does not mean you should pay an exorbitant amount, which is far
greater than its price tag. A similar logic has to be applied while
investing in stocks. Even when going for your favorite brand, remember
that the reason you are investing is for you to earn a profit and not
because you prefer the stuff they produce.
You need to know that
no matter how hard we try to we cannot actually eliminate our emotions
from playing a role while investing. But what we have to do is apply
same amounts of logic and common sense. You have to know that it is
your money that is going to be affected in this venture. Always
calculate the fair value of a common stock that you have to invest in.
The fair value of an investment is based upon the profit that came out
from it. If, over a period of time, organization A does very well than
organization B, then organization A will surely be more valued than
organization B. While investing, stay cool and always go in for the
firm with the better fair value. This will ensure that you are a very
happy investor, earning lots of profits on your investments.
Diversify
Your Investments
Spreading your risk
among different investments normally diversify the risk you take. Now
this is very important for the average investor, the new investor and
the small investor. By going into different investments, you decrease
your risk and this most times doesn’t lower your average expected
return.
Types of assets is
the first part of diversification because this is most often see among
stocks, bonds, cash and even real estate. The longer you normally
invest your savings, the higher a percentage you will also have to
invest in real estate and stocks. But the more you fear risk, the
greater a percentage should be invested in bonds and cash. The amount
you invest in each type of asset actually depends on your individual
preference and situation.
Each type of assets
is the second part of diversification. Normally with this
diversification, you always get something for nothing. Spreading your
investment among various assets within one type is not going to reduce
the return you have to expect on average, but it is going to decrease
the risk involve.
When investing in
stocks it should not only be from one company. You should buy shares
in many companies and in different industries. If you invest in shares
in 20 different banks, you have only succeeded in diversifying the
risk from each company, but not the risk from the entire banking
industry. To diversify the industry risk, you have to always buy
shares from companies in different industries – for instance, a
transportation company, an industrial company, a bank, etc.
Now to diversify your
bonds investment you have to buy a bond that has different nominal
interest rates and different maturity dates. You can also buy bonds
from different institutions. Although you need to be very careful with
corporate bonds. They can be very hard to evaluate and some of them
are very risky.
Now to get it just a
little more complicated, you don’t have to over-diversify, because
when you invest in too many things, you will find it very hard to
focus on all of your investments, and your risk will be lowered only a
little. If all you have is about ten stocks, a few bonds with
different expiration dates, a little cash and maybe some real estate,
then you will have what it takes to diversify your risk.
Here is a quote to
think about from the world famous investor, Warren Buffett, he was
quoted as saying: “Wide diversification is required only when
investors do not understand what they are doing”. That is good
for the small, the average, and the new investor. They actually don’t
know much about investing or they sometimes want to spend a lot of
their time planning out what to invest in. But what if they just
decide to diversify, they can do all right, anyway.
Conclusion
Success in investing
can be obtained by using all of the tips mentioned above, but you
don’t have to limit yourself to these, life is a constant learning
process, no investor out there actually knows everything there is to
know about investing. Find out what will actually work best for you
and then just get out there and have a go so that you can achieve your
investing success.
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