Thursday, June 11, 2009
Golden Rules For Financial Success
Rule 1: FIND SAFTETY IN NUMBERS
Find Safety in Numbers!Invest in many different places;there is safety in numbers.(Eccles. 11v2)
Divesify: in shares and bonds,as in much else -there is safety in numbers!So you must diversify,by company,by industry,by risks,and .......by country!!
Remember the saying: "the man who names his pigs is broke and doesnt know it"
The morals of this is that YOU dont get emotionally attached to your investments.
There is a risk in ALL investments.Please note that "a winning plan must involve losing!" - Robert Kiyosaki
Apply your personal philosophy about risk & return to temper these general guidelines.
Studies show that people spend far more time thinking about specific investments
and where markets are headed than about allocating assets or resources to assets.
The same studies show that 90% of investment returns are due to asset allocation rather than selection of specific investments or short-term timing decisions.
"DO NOT CONFUSE CERTAINTY WITH SECURITY.LESS CASH;MORE EQUITY ASSETS ARE ADVISED"
- Sir John Templeton
People who think they can play it safe by holding cash reserve decieve themselves,they cant!
Generally speaking;Equity Stocks return 10% approx.,Bonds - 5%,Money Market - 3%.
Invest!Economic Meltdown notwithstanding! Success Rewards Action!!
To your Covenant Success,
Taiwo Ogunkoya
DreamsDreamer
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