Investing your money is not an easy thing; some people have lost their money while some other people gain more money through it. It is not because some people are born with a great talent in investment, but this is all because of how deep you understand about this field. So, whatever your investment strategies are property, market neutral and etc hopefully you can be successful in it through following these simple steps.
- You can’t be rich through overnight investing
A minimum time for becoming a proper investor is at least a two year horizon. Don’t ever get tempted to investors who can double their money within a month, since it is a very risky game and you can lose all your money as quick as you get them. So, be patience is one of the keys to survive in this field, if you don’t adjust your thinking in line with this, chances are you’ll end up losing a lot of money.
- Invest in the Field that You Understand
Putting your money into something that you don’t understand will only increase the risk of losing your money. If you don’t comprehend how to acquire money on the investment, it means you need to take more time on studying it. If you still cannot get it, you better skip that investment and find another investment that is easier to be understood.
- Learn from History
It takes me by surprise to find out that investors never learn that history repeats. The 2007-2008 property prices rise and make good example for many people. In 2006, people thought property prices could never go down. But two years later something happened reversely, people thought property prices can never go up. The truth is somewhere in between.
Remember that you want to sell an investment when it’s expensive and everybody loves. And you want to buy an investment when everybody hates it. In addition, you can also learn from the most famous investor of all time, Warren Buffet to always be fearful when others are greedy and be greedy when others are fearful.