Fed up with losing money in the stock market? If you are keen to be a self-directed investor then you need somewhere to start but keep in mind the old saying if you don’t know where you are going you will never get there.
A chat to a certified financial planner should be a starting point. Your investing strategy will depend on many factors including your age, you income, yours expenses and your goals. It is only when you have your end in sight that you can begin to find an investing strategy to suit you.
Lack the expertise to do the research yourself? Joining a mastermind investing group could be a solution. If you have been getting investing advice from the local barber or the newspaper chances are it’s either fifth hand information or it is now far too late to buy those shares as the price have shot up so the shares are now considered too expensive to buy.
Jim Rohn is a motivational speaker and author. Jim says that we are the average of the five people we spend the most time with. Are the people you are listening to successful in their own right? Have they made money in the stock market and do they have a growing stock portfolio?
By joining an investing mastermind group you are:-
· Accelerating your chances of success – you are getting advice from active investors who know what they are talking about.
· Making personal connections and building your network – there is always ways to grow your connections that can help you now and in the future.
· Getting feedback from the group of diversified members – the group members have a vested interest in every member of the group doing well.
· Suggestions and research – it is a big world out there and there are many companies listed on the stock exchange. Research plays a key part in selecting stocks to purchase. Investigating reasons for stocks falling can be critical in finding a stock at bargain prices.
Are you serious about what you want to do? If you are then you need to seek out those that have the same interest and spend time with them. Ann Babiarz, together with her investing partner has set up the Bottom Feeders Mastermind Investor group and newsletter. It is a paid group and this group believes in putting some fun back in investing. If you are fed up with losing money in the stock market then find out more about this investing mastermind group by listening to the episode.
Bye for now