Directory:Investing for Beginners
Name: Investing for Beginners
Address: 1623 Military RdCity: Nigagara Falls
State: NY
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Country: USA
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This article is about Investing for Beginners. As a beginning investor you must ask yourself Two question before you embark on your jorney, "What is important me about investing," and "Is there anyone around me that has successfully done what I'm about to do?"
The first question, "What is important to me about investing" speaks to your values. Understanding your values is crucial to your success. Values guide your decision making, they tell what is important to you right now; they tell what your priorities are. When you understand what your values are, which in turn speaks to what needs you have that must be fulfilled. Many successful investors focus on cash flow. Cash flow can be broken into three parts. Do you need cash now? Do you need cash flow? Do you need cash later? The best solution is a opportunity that addresses all three stages of cash flow. The final component of understanding cash flow is assessing how quickly your total capital outlay is replenished by the cash flow from the invested, this is referred to as cash on cash return. A good rule of thumb is to ensure the investment returns your initial investment in 5 years.
The second question, "Is there anyone around me that has successfully done what I'm about to do" speaks to you finding a coach or mentor that can help you navigate the waters. Never try to reinvent the wheel, the chances are pretty good that whatever you are about to do, someone else has already done it successfully. All you need to do is follow in their footsteps and it is reasonable to assume you will have similar success. <sharethis />
