Thursday, December 27, 2012
My favorite superhero would have to be Batman. Not only because he is amazingly wealthy as Bruce Wayne, he seems to be always 2 steps ahead of his opponents. I write this post because the year is about to end and we are about to enter a new year. A fresh start to evaluate your investments, to re-balance, to prune out and plant new ones too. Central to all of this would be a Batman - like ability to plan ahead, to be 2 steps ahead of potential problems even before they become obvious. For stock investments, this would mean reading their financial reports and looking for threats that may undermine the company's future performance. For real estate, this would mean looking for signs of a price bubble or simply checking your property's vicinity for potential problems. And for double your money schemes disguised as legitimate investments, well you know what to do - run away from them as fast as you can. Have a plan when your investments perform well and more importantly, have a plan when they lose. There is no investor that gets it right all the time. What separates those who become rich from those who don't is the degree of preparation the investor has for events that are largely out of his control. So have a plan A, plan B and even plan C for your investments. In that way, just like the Batman, you are always prepared for whatever 2013 throws at you. Happy investing!
Posted by simple pinoy investor at 9:50 PM