DON’T BE A RATE CHASER
Reported by Bahiyah Shabazz, MBA
Smart investors know that each fund is unpredictable. They also know that a portfolio should consist of value and growth funds. It’s impossible to predict the future, but the two ingredients give you an opportunity to maximize your earning potential.
Impulsive investors seek earnings wherever they can. They aren’t loyal and invest in any fund as long as they assume a gain. These investors will contribute and withdraw at the drop of a hat. They also complain about losing a red cent because they didn’t allow their monies to remain long enough to recoup.
One of the smartest gestures you can do as an investor is research. Begin with familiar funds. For example, the long lines you complain about at Wal-Mart can be the beginning of a lasting relationship. Since you know the company is competitive and nearly everyone patronizes them, you will definitely earn monies.
Be aware that nothing is guaranteed. Your investment portfolio is just like the Eagle at Six Flags Great America. The fund goes up and down, it can even go backwards. As a rider, you scream, hang on for dear life and look toward the end. Once the ride is over and the feeling of excitement has left your body, you get back into line for a repeat.
That’s your investment ride!!!
“Love Yourself Enough To Support Yourself.”
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