The world of investment is very confusing for people because the word “investment” itself has countless different meanings for people. For some people, “investing” means buying mutual funds. For some people, the word means buying common stock, preferred stock, blue chip stock, technology stock, small capital stock, bond or foreign currency. For others, however, investing means buying commercial real estate. For others, investing means buying residential real estate. Without beating the dead horse here, the point is that there are many paths you can pursue as an “investor.” However, I think we need to hear Warren Buffett’s words on this issue again. Warren once said, “Don’t diversify. Put all your eggs in one basket and watch them closely.”
My friends, there is not a single person on the planet who is truly the guru of all sources of investment. There are many different investment products, strategies and procedures, but you only have one life. Choose the path that is most suitable for you.
Added confusion caused by too much chatter from the idiotic media
Today we live in an age where we have 200+ TV stations to choose from and each station is determined to have 24-hour programming, even if it means having POMEGRANITE-FISH-OIL-INFO-MERCIAL all the time. In this lively world, Fox News, MSNBC, CNN and other news stations believe that we need to warn you and me of any potential threat that may face us at any time. I went through my childhood without wearing a helmet, and you?
While the media is looking for news, they just go out and attract these so-called experts who make incredible statements like “The market is very large right now. I predict 8 months of contraction, followed by a double recession. , with oil prices moving at record lows, this could simply offset the market downturn, enough to bring foreign investors back into the game, which will support our currency against the euro. this change. “
What the hell is the media talking about? Does Warren Buffett say these things? Does Bill Gates talk this nonsense? Q. Didi or LeBron James say these things? The answer is “NO”. No, they don’t say that because they are too busy to take advantage of the opportunities and earn money to take time off their schedule to listen to the pin-head / investment expert / retired professor at I-have-never- University. really-left still on campus or running a business in your life.
I always hear people at social gatherings say things like, “Hey, do you know what their next supplies will be?” Dude, by the time you and I hear about hot stocks, it won’t be hot anymore. Create your own warm stock. Make your own IPO, do not look for crumbs for domestic investors.
Most people use the word “investing” to refer to the rationale for irrational goals
Have you ever witnessed someone trying to justify buying a brand new vehicle to save 4 miles per gallon of gasoline? Have you witnessed someone trying to convince you that their house, for which they will pay twice after paying all their interest, is a good investment? How about this one. Have you ever heard a middle-aged woman justify completely remodeling her entire house to “improve the resale value.” Have you done math in your head on any of these scenarios? Friends, these “investments” are not investments. These costs are irrational costs. If they bring you pleasure, that’s fine. But don’t call them a good investment because they aren’t.