Image via WikipediaIn these current economic times it can be well worth investing US$1.99 per week in the online version of The Wall Street Journal or US$2.29 for the print version (US$2.99 for the print and online version).
If history is anything to go by then the markets will bottom and then turn upwards - but where is the bottom? This is why you need to stay informed.
If you wait until the media reports an up turn, it will be too late.
I've always followed the Tony Robbins financial methodology, which for me is, to create cash flow by operating an electrical contracting business and selling products online.
Then investing 15% of my total income (before paying any expenses) into secure assets and into growth assets at a 50/50 ratio.
For me, the secure assets (low risk, low return) are fixed return deposits and investing in our house. The growth assets (higher risk, potentially higher returns) are the share market, property and new businesses.
This methodology has worked exceptionally well for me, especially when the "financial crisis" hit. I know of many people that only invested in shares and property using loans to gain leverage... and now they are hurting.
In the good times these people got complacent and thought that the good returns would never end. They applied leverage with loans, never considering the downside. This "crisis" has forced them to re-educate themselves and the value of investing in secure assets (low risk, low return) has become very apparent.
But I have learned that it is very important to stay informed. By knowing what is happening in the markets allows you to make adjustments along the way. The way I stay informed is with The Wall Street Journal.
The Wall Street Journal has become the most respected source for news and business information. It is an indispensable reference for business professionals, providing business and financial news coverage, personal and company profiles, feature reporting, special reports, and regular columns.
The Wall Street Journal offers a print and WSJ.com online edition. The Wall Street Journal online edition allows you to log in and access the Wall Street Journal anytime or anywhere.
If history is anything to go by then the markets will bottom and then turn upwards - but where is the bottom? This is why you need to stay informed.
If you wait until the media reports an up turn, it will be too late.
I've always followed the Tony Robbins financial methodology, which for me is, to create cash flow by operating an electrical contracting business and selling products online.
Then investing 15% of my total income (before paying any expenses) into secure assets and into growth assets at a 50/50 ratio.
For me, the secure assets (low risk, low return) are fixed return deposits and investing in our house. The growth assets (higher risk, potentially higher returns) are the share market, property and new businesses.
This methodology has worked exceptionally well for me, especially when the "financial crisis" hit. I know of many people that only invested in shares and property using loans to gain leverage... and now they are hurting.
In the good times these people got complacent and thought that the good returns would never end. They applied leverage with loans, never considering the downside. This "crisis" has forced them to re-educate themselves and the value of investing in secure assets (low risk, low return) has become very apparent.
But I have learned that it is very important to stay informed. By knowing what is happening in the markets allows you to make adjustments along the way. The way I stay informed is with The Wall Street Journal.
The Wall Street Journal has become the most respected source for news and business information. It is an indispensable reference for business professionals, providing business and financial news coverage, personal and company profiles, feature reporting, special reports, and regular columns.
The Wall Street Journal offers a print and WSJ.com online edition. The Wall Street Journal online edition allows you to log in and access the Wall Street Journal anytime or anywhere.
Get The Wall Street Journal for 75% off >>
1 comment:
The Wall Street Journal is offering 75% off the normal price, so now is a good time to subscribe.
Just one piece of valuable information a year would make the subscrption very worth while.
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