My earliest teacher of investment principles was my dad. He drilled this FUNDAMENTAL BOND PREMISE into me. It served me well in the beginning and still governs my investing today. The price of a bond moves in the opposite direction of interest rates.
NO ONE IS UNHAPPY IF THEY MAKE MORE MONEY ON AN INVESTMENT THAN PLANNED! So the risk is really that your investment will be worth less in the future than when you started. In fact, if you have invested at all, then you already know that sometimes the value of your investment holdings GO DOWN as well as UP.
It’s no secret that persistence is a fundamental trait of success. How many times have you embarked on a new pursuit or a project only to give up after awhile because results aren’t forthcoming? Clearly, without persistence and tenacity, success is impossible.
The only way to avoid taxes is to be dead or not to earn any money. Which alternative would you choose? As Franklin succinctly implied, there is no positive manner to get away from the tax man!
Another tenet of mine is to live in accord with your values. That means spend your most precious resource, time, in the way that affords you the most pleasure and reward possible.
“Wealth is created when natural resources, labor, intellectual capital, and financial capital combine to produce economic growth. As an investor, you are entitled to a share of that economic growth when your financial assets are invested in and used by the global economy. This is not a free lunch. It is your fair share of profits as compensation for putting your money to work.” Dan Goldie
Welcome to the first of a monthly series featuring in-depth interviews with the super stars of the on-line PERSONAL FINANCE universe. These interviews will educate and inform offering insight into their successes and challenges. Learn what Makes Flexo of Consumerism Commentary tick.
“Success consists of going from failure to failure without loss of enthusiasm. ” Winston Churchill
If this sounds preachy, relax. Life is an attitude. Financial planning creates control and confidence. Wise living, within your means leads to peace of mind.
“Science can lift people out of poverty & cure disease. That in turn will reduce civil unrest. The key