Invest in an Asset, not a liability, with your own TimeLine,taking Risks/Return into account
It is very important to know that everyone’s requirements are different, everyone risk tolerance and time horizon is different, do not follow the crowd, what is good for you may not be good for another. But the basics are the same, do not buy what you cannot afford until you get returns from your Assets, one of the most stupid thing to do is keeping up with the Jones, you do not see how they get their assets, maybe they could be owing the banks millions of dollars. Do not believe in “Get Rich” schemes, those who say they get rich owing multiple properties, do you know the Risks they undertake, if a property they buy cannot be rented out, you will be faced with bankruptcy. I am not saying that will not happen, but you need perfection to execute perfection, the access to information to buy the right properties that can generate rental returns beyond your installment payments, especially if no downpayment is utilised. The access to the right information is always crucial to success. The use of the right platform is always a must. I always believe in Value Investing, and Wealth Park has all the information of companies to help you find success. Always spend time to do your own research, following the crowd will always mean you are always too late, to benefit for your own work. Having an AI platform to tell you everything about the company, it’s PE ratio, it’s dividends and it’s balance sheets, it’s potential and the direction it is heading will always give you it’s earning potential, not having access to information means you are trading blindly, 100% sure to lose money. Contributed by Oogle.