Profitable Investing Goals – The Number One Tip for Making Profitable Investments
Michael Jordan, Joe Montana, and Tiger Woods were great for a reason, they had goals. The same is true of those entering the investment field, have a goal in your career and set your mind to reach that goal. Before even making your first transaction in the world of stock investing you should ask yourself, what are you expecting to achieve?
Everybody likes to be charitable, but it has a place and a time and neither is found in the world of stock investing.
Most investors simply want a good return on their investment. But what is considered a good return? Enough for retirement? If it is based on what they want for retirement the question becomes how long is it until retirement age? If it is in two years your investment strategy will be much different than for those who are retiring in 15 years time.
As an example, let’s use me as a typical investor. 40 years old with a decent income and the ability to invest $300 per month. We’ll have to change my circumstances just a bit and imagine I have nothing in my portfolio but I want the ultimate dream...