Thursday, 31 October 2019

How to Stop Worrying and Start Living by Dale Carnegie

How to Live Beyond Your Limits

“We’re not the cause, we’re the effect.” - Nipsey Hussle
I am always in awe of the divine design of life. A true believer in the philosophy that “there are no coincidences,” I am always fascinated by the people who cross my path. Whether it be someone I am standing next to in a long line or the person who sits next to me at seminar, workshop, or dinner party, I am always curious as to what the connection will be and why we are crossing each other’s path at that moment in time. This is especially true when I travel – I am always intrigued to see who will be in the seat next to me and why.
About nine months ago, I was flying from Miami to Los Angeles. Trained to get on the plane as early as you can to get that overhead space, I was all settled in and just waiting for my flying partner to appear. A man in his thirties wearing big gold with diamonds chains finally came and claimed the seat next to me. As he got comfortable in his window seat, I realized that many of the people walking by seemed to know and pay homage to him with a high-five, thumbs-up, or some sort of gesture of recognition and respect. Now totally curious as to who he was, I decided to ask. He humbly and gracefully explained that he was a rapper. Later he shared that his name was Nipsey Hussle.
Admittedly, I had no idea who he was. However, being someone who works with so many people who feel stuck, cannot get out of their own way, or remain the victim of their past or some life situation, I am always in awe of the people who manage to move past their stories of victimization - “Oh woe is me” or “life is unfair” - and manifest huge success. Wanting to learn more about who he was and what had driven him, we chatted for a while. He shared about where he had come from, his family, his work ethic, his different business ventures, and all that he was doing to give back to the community. Reflecting on all he had created, he said that what really struck him is that one day he woke up and found that he had “crossed that imaginary line.”
My conversation with Nipsey has stuck with me. The fact is, whether we realize it or not, most of us have this imaginary (or, for some people, very vivid), line of what we think is possible. We have stories filled with limiting beliefs about what we think we can achieve or manifest in our lifetime. Think of the times you have told yourself that you can’t do, have, or achieve something because of your age, background, physical appearance, finances, education, or life circumstances.
Think of the times you believed thoughts such as, I’m:
● from the wrong side of town to ever amount to anything,
● too old to start a new career,
● not educated enough to get a better job or pursue my passion,
● destined to live a life just like or no bigger than my parents,
● not significant or engaging enough to fit in with a certain group of people, or
● not fit, good-looking, or interesting enough to find love
Whether we realize it or not, we are drawing a line in the sand that more likely than not will become an unscalable wall.
But here is the thing. The line is not real! It is made up of thoughts and stories that we have repeated to ourselves so many times that we have come to believe they are the truth!
But they are not.
That is why it is crucial to learn to bust our beliefs and to start consciously distinguishing between thoughts and truths.
Truths are facts. They are details that can be verified by others, like: I am __ years old, I am single, my level of education is ___ . Our thoughts are the meanings we attach to these facts. They are not truths but interpretations. Unfortunately, most of us tend to create negative interpretations of the facts of our life and it is the limiting stories and beliefs that we make up that keep us stuck, never crossing or even realizing that we have drawn this imaginary line that is in the way of us reaching our desires.
The good news is that just like we are the ones who drew the line and created the self-imposed barriers, we have the power to obliterate them. How? By changing our thoughts.
There are two kinds of thoughts. There are those that imprison us and those that empower us. Since neither category of thought is more true than the other, at any moment we can replace a thought that imprisons us with the one that empowers us. We can go from “stinking thinking” and always believing, “I am not…” and “I cannot…” to the power of positivity and the realization that “I am…” and “I can…” We can cross over the line and bust through the barriers that we once might have thought were impenetrable road blocks.
It was never my intention to ever write about this concept of the imaginary line. It was Nipsey’s story to tell and after a little encouragement, he agreed it would make a great song.
Like many of you, I was shocked and saddened to hear that Nipsey Hussle was murdered a few months ago. I am still not 100% sure why our paths crossed that day on the airplane, but I do know as a tribute to him, a person who I probably would have never met in my day-to-day life, but for some reason sat next to on a 5-hour flight, it felt fitting to share what I learned from him.
It is vital that all of us realize that transformation is a shift in perception. By shifting our thoughts from those that imprison us to those that empower us, we can bust through the confines of our smallest thoughts and enjoy the vastness of a life beyond our wildest dreams.
So this week I invite you to start uncovering the lines you might have drawn.
Transformational Action Steps
(1) Think about a goal or desire you have.
(2) As you ponder this goal or desire, be aware of the negative thoughts that flood your mind and tell you why you can’t have this goal. Write these down.
(3) Allow yourself to really see how these negative thoughts have stopped you, kept you stuck, and have created a line between what you desire and what you are experiencing.
(4) Now replace the thoughts. Since they are just interpretations, see if you can replace the thoughts that imprison you with ones that empower you.
(5) Let these empowering thoughts be the “wind beneath your wings” as you create a plan to realize your desires.
To gain even more insight on how to cross the invisible line to live a life of integrity and abundance, you can read my book The Integrity Advantage or book a one-on-one session with me. If you want to learn more about how to love yourself and your body, please join me at my upcoming in-person workshop ‘The Body Shadow: From Self-Loathing to Self-Loving’ hosted by Omega June 14th-16th, 2019.

Wednesday, 30 October 2019


Powerful Body Language tips

Powerful Body Language tips for your Interview

Interviews can be a tough dream to crack through even with full preparation and knowledge of the subject if you don’t maintain a proper body language. Yes, your body doesn’t need your voice to make conversation and interviewers are quick to notice that message. Everybody language has something to say about you. Whenever we start a communication with other people, it’s not restricted to what we say but how we deliver it. Non-verbal communication has a great role in setting the first impression. That’s why you have noticed that in public places it is easier to connect with a few people whereas with other we refrain from interacting even before interacting with them. It’s because we make an opinion about the other person based on how they behave. His rule goes with you in your interview room too. You interviewer is a stranger who will surely make an opinion about yourself at the very first glance and treat you accordingly.
Let’s look at the factors that can help us in leaving an impactful first impression on the interviewer.
• Smile – No matter how nervous you are, you are not supposed to show that in front of your interviewer. And what can be a better thing than a smile to do that task. A smile not only makes you look positive and pleasant but also helps the interviewer to connect with you better. Always carry a nice smile throughout your interview process. But make sure not to overdo it. Grinning ear to ear never looks good during interviews especially for Back Office Jobs in Kolkata. You are supposed to look professional and not an amateur. So keep a good hold of your smile.
• Mirror the action – We all function subconsciously half of the time. So do you interviewer will. All you have to do is to observe him/her and pick up a few decent moves during your interview for Jobs in Kolkata as fresher. Warning - Don’t mimic. Sporting those actions will make them like you instantly.
• Maintain an eye contact. – When you are having a conversation with your interviewer, you should try to maintain a healthy eye contact whenever possible. Again the warning here is not to start staring them. This will end up making you look like a creep. Eye contact displays your trustworthiness and confidence. This helps them to Find and hire Candidates.
• Response with little gesture. – Don’t just dump all the info you have in front of the interviewer. You should use some actions like your hands to make gestures while having a conversation with them. This will show your ease with the topic.
• Respond - No matter whether you know the answer or not, it’s more imp. To respond than just sitting there with a blank face. In case you don’t have the answer, politely let the interviewer know you don’t know. He/she will simply move forward on the next question. Remember, interviews are there to know you i9n person better than digging the exact info. Everybody knows. All you have to do is to be attentive and respond according to the situation.
With these must do’s, there are few don’t like never touch your face during an interview, this indicates you are nervous. Never tap your hands and feet as this shows your lack of interest in the ongoing conversation. And most importantly sit straight. This is another indicator of your lack of interest. Keep these things in your mind and start applying for jobs now.

Tuesday, 29 October 2019

Warren Buffett shares advice on becoming successful

The Truth About Passive Income

If you seek the net for "passive profits", you could discover a definition or , but in most cases, what you locate are web sites seeking to sell you on the passive-profits-taste-of-the-day. It's frustrating, I know. I don't know about you, but before I soar into any opportunity or even before I take a trip, I love to do my studies. That being stated, there are a whole lot of accurate possibilities obtainable. But before you begin spending cash, let's talk what passive profits is and, most importantly, what it is not.
Webster's dictionary defines passive profits as "of, relating to, or being commercial enterprise interest wherein the investor does now not have on the spot manipulate over income". I don't think that tells the entire story. Passive earnings is cash that you get hold of over and over once more while not having to do a whole lot work (note I did not say "any work"). It is distinct than earned profits in which you aren't receiving money to your time (like you'll a job). But relying on the passive profits move that you pick out, you may in truth have immediate manipulate over your profits. But I'll get to that later.
Why would you want passive profits? Well, like Robert Kiyosaki explains in his ebook Rich Dad Poor Dad, that is the principle difference between the rich and the center elegance. The rich make investments their money in numerous passive income streams. When their passive profits exceeds their costs, then they are financially unfastened. "Financially loose" simply manner that you do not must have an afternoon job to pay your expenses. And you're "unfastened" to then do something you want!
What Passive Income Isn't
Before I cross into telling you what passive profits is, permit me first inform you want it isn't always. Passive earnings isn't always the identical element as "residual earnings". Residual income is money which you acquire on a normal basis after having performed paintings as soon as. The high-quality example might be TV sitcoms. Some actors get "residuals". Actors receives a commission for filming the display. Afterwards, a few actors get paid each time the display repeats. Sales human beings that sell offerings, subscriptions, or renewable merchandise (like insurance) sell that item once and, presenting the purchaser renews, gets a fee off of every renewal. Royalties from the sale of books and music also are residual.
Many say that multi-level-advertising and marketing or network advertising and marketing sales provide you with passive profits. Guess what? That's residual too.
If you have got a small commercial enterprise or are self-hired, even in case you are making a variety of cash, that is NOT passive earnings. If you receive a earnings out of your enterprise, this is earned profits. There is a way to show this into passive profits, however - so live tuned.
You know, I even have to say that beginning your very own internet site cannot be passive earnings. Whether you're promoting a product (which includes an eBook, seminar or different information) or a provider, you continue to have to market your website. You will need to do that no matter whether or not you're promoting your OWN merchandise or have the rights to promote other's products. Marketing your internet site is paintings, easy as that. But it's now not a task. And once your advertising and marketing efforts begin taking off, you may make plenty of money with little extra attempt. But this is residual in my e-book, no longer passive.
What Passive Income IS
Passive income is a lot of things. The first factor that involves mind, and additionally, I believe, the maximum famous example is real estate. If you personal investment assets and are becoming a fine coins go with the flow from a house, commercial property, or rental, this is passive profits. If you hire rooms in your house, it truly is passive income too. You best need to set this up as soon as, after which the income comes in month after month. Interest profits from savings money owed, CDs, and cash-marketplace accounts are passive - the bank will pay you for maintaining your cash in those accounts. If you have a internet site with banner commercials or Google AdSense commercials, that may be known as passive as properly.
If you invest in any commercial enterprise, but do not manipulate it, your income are considered passive earnings, precisely what Webster become thinking about whilst he wrote the definition.
What approximately commercial enterprise? Well, that depends on the way you set it up. Rich people create groups and installation a machine that the commercial enterprise follows. That way, if the proprietor is going on vacation for a month to Fiji, the employees observe the gadget and the owner still gets the profits. Any business will of route start off with a lot of paintings, but in case you make the effort to installation a commercial enterprise so that it gets reproducible consequences (exactly like a franchise), those profits turn out to be passive. And, in keeping with the IRS, any income you get out of your enterprise is taken into consideration "earned" but income are taken into consideration "passive". It is critical whilst starting a commercial enterprise to check with an accountant and an lawyer to set up your enterprise that financially blessings you the fine.
What else may be taken into consideration passive income? How about self-storage centers, parking garages/plenty and dry cleaners! They all require a while to begin up, but once they are installation, you collect money over and over again.
Residual vs Passive Income
Residual and passive profits are like siblings. They are both very comparable and the general public simply bear in mind them synonyms. What does it matter, anyway? They are each first-rate approaches to get cash in your hands month after month after month with out trading a while or your freedom. How can it get better than that?
Reality Check
Beware of anyone that tells you that there's NO paintings involved in passive earnings. Passive earnings does now not imply no paintings! If you'll invest in a enterprise, a inventory, or a actual property assets, you may need to do your studies (that is known as "due diligence"). Research is paintings! You can also be required to control your investments, to test up on their development and make modifications as necessary. That's work too!
The accurate information is that studies and management is simplest a component-time endeavor. And most of the time, that work can be executed from almost anywhere, together with on a beach in Fiji.

Monday, 28 October 2019

'Alan Suger is a Small Man' | Katie Hopkins Talks The Apprentice

Uplifting Quotes To Live By

We are often fascinated by famous personalities of the present and past. People admire famous personalities because they have done something extraordinary in their lives and have broken the shackles which most people aren’t able to do in their life. Their quotes reflect their way of thinking, what they perceive, what they feel about the society, how to inspire people and so many things to mention here. People have the habit of following quotes of great personalities be it from the past or of present who inspire their everyday life.
People follow different personalities because they have inclination toward their attitude, behavior, speech, body language, attire and wealth. It’s not always that personalities from the past are the one which inspire people. Every generation has their own famous personalities to admire be it from politics, sports, entertainment or business. Personality like Michelle Obama too have a very big fan following though she did not represented herself from a particular political party but still people love her. Some loved her as the first lady, some love her as lawyer while some love her as an activist, author, motivator, mother, wife.
Her quotes from her speeches at public gathering, meetings, social welfare have garnered her a lot of fan base. Some of Michelle Obama Quotes are truly very motivating and some of her quotes have very deep meaning. Her work for girl power is what makes her stand apart and her attitude of being very vocal for issues that centered girls and women have made her a household personality. The famous quote of her “when they go low, we go high” has very deep meaning. Another quote from Michelle Obama "Whether you come from a council estate or a country estate, your success will be determined by your own confidence and fortitude." literally can show the path to anyone who is low in self-confidence.
It’s not like quotes from famous personalities are the one which inspire people. There are many quotes from different categories also inspire people because they have been created from the life journey. Something like spirituality quotes, motivational quotes are the one which have come up because people can relate them with their life. Quotes have their own categories and it can be hundreds.
What role quotes plays in common people lives:
Motivate: Quotes are looked upon as the best motivator. We often see people referring to some famous quote and fills up with energy in doing so. Quotes have the power to boost the inner self of any person in any situation. They show the path to people that if he/she has done it why I cannot do it.
Revive People: People do encounter Ups and Downs in their live and it is the time where quotes play a major role in reviving people. We have often seen people who were deprived but did not give up and succeed and their quote make people learn that everything is achievable no matter how bad the situation is.
Quotes are a part of everyone’s life and they cannot be ignored. Quotes are created from life experiences and they certainly have the power to change the lives of others.

Sunday, 27 October 2019

William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour

Highlights: Wales v South Africa - Rugby World Cup 2019

How to Realize Positive Change in Your Life

How to Realize Positive Change in Your Life

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Expert Author Wade C Wilson
Our personal beliefs form the internal and external context of our lives. Beliefs are perhaps the most powerful force in the world. On a global scale, belief systems cause cultures to draw boundaries, ideologies to clash, and wars to be fought. On a personal level, what we believe to be true about ourselves and the world around us appears in our lives as our lives. To realize a change in our lives we must first change our beliefs, which is possible when we change the point of origination where the power of our beliefs manifests into our life, i.e. at the subconscious.
In my book, The Hidden Truth, I provided compelling evidence that nothing exists outside of a universal consciousness. This universal consciousness has an equivalence with light and energy, and we showed mathematically how everything in existence, both seen (i.e. mass) and unseen, is nothing but some form of that energy; a connected, flowing, unending, indestructible energy. Because the universal consciousness is also the universal energy and you are part of that consciousness, you can thus also tap into and use that universal energy as needed in your life. In fact, this happens whether you realize it or not because your subconscious is your connection to the universal consciousness and ensures you remain within a functioning representation of physical reality and thus remain focused on that physical reality as it unfolds into the life experiences you perceive everyday.
On a day-to-day basis, most Westerners don't think of or commune with our subconscious. However, when we realize the power that our subconscious has over the life that we live, we have no excuse for being dissatisfied with our life if we do not engage with the one means we have at our disposal to make a change in our lives for the better.
Think of the subconscious in very simplistic terms as a computer program. The subconscious runs routines in the background to create a life experience that meets the expectations of our beliefs. Thus, if you live your life with a closed mind and are not willing to examine or change your own beliefs, then you are stuck in the life you've got; like it or not.
The prototypical example is the comparison between an optimist and a pessimist. An optimist believes where there's a will there's a way, and with sufficient effort and persistence any challenge can be overcome. To a pessimist, nothing good comes from the world so why try. These are self-fulfilling prophesies because every life has challenges, thus proving the point of the pessimist, and every challenge will be overcome unto the point of our death, thus proving the point of the optimist. However, the strength of the underlying beliefs influences the frequency of perceived challenges and successes. Of further import however, the positive beliefs of an optimist provide an underlying strength for the optimist to seek improvement and solutions in his/her life, thus providing the optimist an edge on life.
Now, this was the simplest example of manifestation but does not explain how to implement change so you can benefit from the exercise of modified beliefs. There are three simple means everyone can utilize to take charge of the beliefs that rule their life and then change those beliefs to realize an improvement.
The first is through positive assertions. These can be statements, verbal or nonverbal (such as visualization boards or written assertions), that assert something will occur in your life. Persistence and belief is the key, followed by actions whenever possible to bring the assertion into your life. To help solidify the manifestation, whenever possible one should act as if the assertion has already been received and give thanks to God/Universal Consciousness for hearing and fulfilling your request. I and many others have written on this topic, so please refer to my many other articles in this blog for a more in-depth discussion on this point.
The second is through meditation. By meditating and silencing your conscious mind's incessant chatter inside your head, you allow your subconscious to come forward and instill inspiration - and even other-worldly experiences of communing with the Oneness - such that you realize how to overcome any life challenges that you may be facing. I wrote on this topic at length in my blog article, 'Receiving the Gift of Inspiration at Will.'
The subconscious can only bridge the brain-mind gap and commune with your conscious mind when your brain waves have been slowed (i.e. quieted) so that the frequencies of both match, and your brain thus becomes a working receiver, much like tuning a radio. When your conscious mind is active, talking and thinking, its frequencies are not compatible for communion with the subconscious. This doesn't mean the subconscious is inactive. No; your subconscious is constantly working in the background to keep your conscious mind firmly locked in and focused on physical reality. But if your intention is to commune with and influence how your subconscious works to create the experiences you will perceive in physical reality, then you have to modify your conscious mind's wavelengths to match the subconscious so they can share information across the brain-mind gap.
If meditation is too much trouble to accomplish the frequency match, the third means to commune with the subconscious is via therapeutic hypnosis. Hypnosis is not magic and indeed you don't even need another person to put yourself into a hypnotic state. Hypnosis is simply directed concentration coupled with deep relaxation and is a natural state of mind that everyone experiences a few times a day, such as when transitioning to and from sleep or even when daydreaming. The benefit of using a trained hypno-therapist to realize a specific goal is the therapist can help you accomplish the feat of entering the hypnotic state-of-mind more efficiently, and then lead the conversation with your subconscious for which your conscious mind intended. Amazing feats have been achieved through guided hypnotherapy to affect change in one's life using no other power than the power that the subconscious taps into to create the reality in which we live. Examples include loss of weight, the power to quit smoking, developing self confidence, and amazing health benefits such as overcoming chronic pain and even inexplicable cures from some of life's most devastating diseases like cancer.
Hypnotherapy is not a cure-all for life's ailments because some problems are intentional additions by our Over-Soul to introduce challenges into our life that we must face for some life purpose. Further, a single hypnotherapy session may not be enough to realize a permanent change in one's life because, again, you will manifest the life experiences that you believe you deserve. If you don't believe in the power of hypnotherapy then any temporary improvement from the session that is followed by a relapse will simply become another self-fulfilling prophesy. However, this doesn't mean that you can't change your beliefs and realize lasting improvements with multiple hypnotherapy sessions, but there must be an intention and real desire to change - through whichever means you use to effect change in your beliefs and subconscious - if lasting changes are ever to be realized in your life.
Wade is the author of The Hidden Truth: A logical path through compelling evidence to discover the nature of reality and the meaning of life, available at Amazon. The first half of the book can be downloaded for free.
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Saturday, 26 October 2019

The ULTIMATE Beginner's Guide to Investing in Real Estate Step-By-Step

England v New Zealand Highlights

Law Of Attraction Anger

Law Of Attraction Anger

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Expert Author Tim Halloran
I recently became aware of some powerful attractive forces which have been working in my life for a long period of time.
Uncovering the source of many of my life's problems was a huge moment of relief. I realised that an unconscious behaviour pattern, which was established in my youth, had been perpetuating many of my problems and difficulties.
When things start appearing in life which you're dissatisfied with, you might become angry and try to push them away. But what if you're the cause of these situations and circumstances and they are trying to teach you something? What if pushing them away only draws more of the same into your life?
There's a well known sports related visualisation technique called visual motor rehearsal. In the film The Secret, Denis Waitley talks about this technique which he used in the olympics to train athletes.
When the athletes were told to rehearse in their minds the action in their sports, the same muscles fired in the same order as they would during an actual physical situation.
The mind didn't know the difference between the actual physical circumstances and the visualisation techniques. The things we 'see' and rehearse in the mind are brought about in reality as situations, events and circumstances.
My problem was, I was rehearsing fighting with my brother. I was 'stuck' in this 'daydream' because it was how I remembered my brother after he had died. It was the most powerful way to remember him.
I created a number of actual physical confrontations and got heavily into the martial arts for a number of years.
When things continued to be difficult, frustrating and confrontational in working life, I withdrew from life and from work altogether to avoid the pain associated with these feelings I kept perpetuating.
I kept asking myself why was my life so difficult. Surly this isn't what most people experience in life? Why was everything so painful and emotionally draining?
Once I uncovered this insight into my own mind, I could see the truth of what I was continually creating in life. I was angry and not at peace in my own mind. Therefore I kept perpetuating difficult, traumatic circumstances.
I am sure that many people are doing this - creating adversity because it gives their life meaning and importance, in some way. In what ways do you make yourself important at the expense of your peace of mind and happiness?
What visual images are you continually thinking about?
Many of my 'daydreams' were patterns of thinking which I was unconscious of. It took a lot of pain and insight to stop and really take a close look at my thoughts and emotional habit patterns.
I began meditating and quit drinking alcohol. I started spending more time on positive habits and less time with people who reinforced negative, and angry emotions within me.
This took some time. With regular daily meditation I became more aware of my thinking processes. When I drifted into a negative thinking pattern, I was able to notice. Whereas for years I must have run these old programs on autopilot.
This process was like letting go of who I thought I was.
When you identify with a certain emotion, you begin to think you are that emotion. You begin to think you are your thoughts. When there's nothing to fight against, large pieces of your world view fall away. It feels like you're losing your mind.
Who are we without our problems and difficulties? They often define us and give us our identity. They give us structure to hold on to!
When you become the observer, through learning meditation, you can notice what's going on inside and realise how it controls your life.
So if you're giving a lot of time and attention to negative, angry and difficult emotions, thoughts and words, consider that you may be addicted to them. You may be giving yourself an identity to hold on to, because without it, you won't know who you are.
Think about which friends you hang about with. Do you talk about things which annoy and frustrate you? To really change your life, you must stop giving thoughts and attention to the things which grow your angers and frustrations. Stop spending time with people who anger you and bring up those angry and frustrated feelings within you.
Learn how to meditate and detach yourself from your thinking. Learn to be the silent watcher. There's power in being an observer and not always being the talker who has to engage and react.
The law of attraction is a powerful force in life. If we are to learn how to use it properly to create more enjoyment and improve our lives, we must first become more conscious of the thoughts and emotions we are living already. Without this awareness, we will continue to create more difficulties on an unconscious level and blame the law of attraction saying it isn't working. When in fact it does work. You just don't understand how yet!
Tim Halloran is a stuntman, martial artist and online entrepreneur.
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Friday, 25 October 2019


How to Prepare for a Public Speaking Performance Like a Pro

How to Prepare for a Public Speaking Performance Like a Pro

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Expert Author Daniel Kingsley
Only a minor percent├É°ge of people state that they have nothing against public speaking. For the vast majority out there the prospect of delivering a speech in front of an audience is as frightening as the thought of death.
If there is one thing that all public speaking experts agree on, it is that to minimise anxiety and deliver a memorable speech, you have to prepare. It is during the preparation process that you will hone your presentation and deliver your message in such a way as to leave a lasting impression. Here are some proven preparation strategies for giving a killer speech:
Set your goals - to motivate yourself and to focus your efforts in the right direction, you need to think about your goals. Do you want to educate your audience, or do you wish to make a successful call to action? Think carefully about what your presentation will be like and what kind of information you want to deliver.
Remember that practice makes perfect - practising your speech is the most important part of it. You need to start well in advance to learn all there is to know about the subject. By mastering each and every word that comes out of your mouth, you become credible. You will also hone the delivery of your message so that it gets to the audience.
Rehearse with an audience - don't just read your presentation/speech - rehearse it instead. Ask your family and friends if they would like to hear you do a public speaking performance for them. Surely you will get a few volunteers. Even though it is only a small-scale experiment, it will serve you well to replicate how you feel in front of a bigger audience. It is a fantastic way of overcoming the anxiety that accompanies public speeches. Don't forget to ask for feedback from the people! This is an excellent way to find out if there is anything wrong with your speech.
Make a video of yourself - if you cannot get anyone to listen to your speech, you should make a video of yourself. This is another clever way to get to see your skills in action. By watching yourself, you can catch potential problems with your tone of voice, your body language and even content.
Learn more about the audience - knowing the type of audience you will be seeing goes a long way in delivering a successful speech. It will also help you select the right approach concerning cracking things up with a joke and melting the ice between you and everyone else. Believe it not, this will also make you feel better about the audience, as it will no longer seem like you are talking to strangers.
These are all ideal tips for preparing to deliver the speech of your life. Keep them in mind, and you will be largely successful.
By visiting Presence Training you will find even more useful tips in regards to preparing for your public speaking performance.
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Thursday, 24 October 2019

5 Rules to Follow as You Find Your Spark by Simon Sinek

A New Way to Invest in Property

A New Way to Invest in Property

Expert Author Bill Zheng
The two most frequently asked questions by investors are:
  1. What investment should I buy?
  2. Is now the right time to buy it?
Most people want to know how to spot the right investment at the right time, because they believe that is the key to successful investing. Let me tell you that is far from the truth: even if you could get the answers to those questions right, you would only have a 50% chance to make your investment successful. Let me explain.
There are two key influencers that can lead to the success or failure of any investment:
  1. External factors: these are the markets and investment performance in general. For example:
    • The likely performance of that particular investment over time;
    • Whether that market will go up or down, and when it will change from one direction to another.
  2. Internal factors: these are the investor's own preference, experience and capacity. For example:
    • Which investment you have more affinity with and have a track record of making good money in;
    • What capacity you have to hold on to an investment during bad times;
    • What tax advantages do you have which can help manage cash flow;
    • What level of risk you can tolerate without tending to make panic decisions.
When we are looking at any particular investment, we can't simply look at the charts or research reports to decide what to invest and when to invest, we need to look at ourselves and find out what works for us as an individual.
Let's look at a few examples to demonstrate my viewpoint here. These can show you why investment theories often don't work in real life because they are an analysis of the external factors, and investors can usually make or break these theories themselves due to their individual differences (i.e. internal factors).
Example 1: Pick the best investment at the time.
Most investment advisors I have seen make an assumption that if the investment performs well, then any investor can definitely make good money out of it. In other words, the external factors alone determine the return.
I beg to differ. Consider these for example:
  • Have you ever heard of an instance where two property investors bought identical properties side by side in the same street at the same time? One makes good money in rent with a good tenant and sells it at a good profit later; the other has much lower rent with a bad tenant and sells it at a loss later. They can be both using the same property management agent, the same selling agent, the same bank for finance, and getting the same advice from the same investment advisor.

  • You may have also seen share investors who bought the same shares at the same time, one is forced to sell theirs at a loss due to personal circumstances and the other sells them for a profit at a better time.

  • I have even seen the same builder building 5 identical houses side by side for 5 investors. One took 6 months longer to build than the other 4, and he ended up having to sell it at the wrong time due to personal cash flow pressures whereas others are doing much better financially.
What is the sole difference in the above cases? The investors themselves (i.e. the internal factors).
Over the years I have reviewed the financial positions of a few thousand investors personally. When people ask me what investment they should get into at any particular moment, they expect me to compare shares, properties, and other asset classes to advise them how to allocate their money.
My answer to them is to always ask them to go back over their track record first. I would ask them to list down all the investments they have ever made: cash, shares, options, futures, properties, property development, property renovation, etc. and ask them to tell me which one made them the most money and which one didn't. Then I suggest to them to stick to the winners and cut the losers. In other words, I tell them to invest more in what has made them good money in the past and stop investing in what has not made them any money in the past (assuming their money will get a 5% return per year sitting in the bank, they need to at least beat that when doing the comparison).
If you take time to do that exercise for yourself, you will very quickly discover your favourite investment to invest in, so that you can concentrate your resources on getting the best return rather than allocating any of them to the losers.
You may ask for my rationale in choosing investments this way rather than looking at the theories of diversification or portfolio management, like most others do. I simply believe the law of nature governs many things beyond our scientific understanding; and it is not smart to go against the law of nature.
For example, have you ever noticed that sardines swim together in the ocean? And similarly so do the sharks. In a natural forest, similar trees grow together too. This is the idea that similar things attract each other as they have affinity with each other.
You can look around at the people you know. The people you like to spend more time with are probably people who are in some ways similar to you.
It seems that there is a law of affinity at work that says that similar things beget similar things; whether they are animals, trees, rocks or humans. Why do you think there would be any difference between an investor and their investments?
So in my opinion, the question is not necessarily about which investment works. Rather it is about which investment works for you.
If you have affinity with properties, properties are likely to be attracted to you. If you have affinity with shares, shares are likely to be attracted to you. If you have affinity with good cash flow, good cash flow is likely to be attracted to you. If you have affinity with good capital gain, good capital growth is likely to be attracted to you (but not necessary good cash flow ).
You can improve your affinity with anything to a degree by spending more time and effort on it, but there are things that you naturally have affinity with. These are the things you should go with as they are effortless for you. Can you imagine the effort required for a shark to work on himself to become sardine-like or vice versa?
One of the reasons why our company has spent a lot of time lately to work on our client's cash flow management, is because if our clients have low affinity with their own family cash flow, they are unlikely to have good cash flow with their investment properties. Remember, it is a natural law that similar things beget similar things. Investors who have poor cash flow management at home, usually end up with investments (or businesses) with poor cash flow.
Have you ever wondered why the world's greatest investors, such as Warren Buffet, tend only to invest in a few very concentrated areas they have great affinity with? While he has more money than most of us and could afford to diversify into many different things, he sticks to only the few things that he has successfully made his money from in the past and cut off the ones which didn't (such as the airline business).
What if you haven't done any investing and you have no track record to go by? In this case I would suggest you first look at your parents' track record in investing. The chances are you are somehow similar to your parents (even when you don't like to admit it ). If you think your parents never invested in anything successfully, then look at whether they have done well with their family home. Alternatively you will need to do your own testing to find out what works for you.
Obviously there will be exceptions to this rule. Ultimately your results will be the only judge for what investment works for you.
Example 2: Picking the bottom of the market to invest.
When the news in any market is not positive, many investors automatically go into a "waiting mode". What are they waiting for? The market to bottom out! This is because they believe investing is about buying low and selling high - pretty simple right? But why do most people fail to do even that?
Here are a few reasons:
  • When investors have the money to invest safely in a market, that market may not be at its bottom yet, so they choose to wait. By the time the market hits the bottom; their money has already been taken up by other things, as money rarely sits still. If it is not going to some sort of investment, it will tend to go to expenses or other silly things such as get-rich-quick scheme, repairs and other "life dramas".

  • Investors who are used to waiting for when the market is not very positive before they act are usually driven either by a fear of losing money or the greed of gaining more. Let's look at the impact of each of them:

  • If their behaviour was due to the fear of losing money, they are less likely to get into the market when it hits rock bottom as you can imagine how bad the news would be then. If they couldn't act when the news was less negative, how do you expect them to have the courage to act when it is really negative? So usually they miss out on the bottom anyway.

  • If their behaviour was driven by the greed of hoping to make more money on the way up when it reaches the bottom, they are more likely to find other "get-rich-quick schemes" to put their money in before the market hits the bottom, by the time the market hits the bottom, their money won't be around to invest. Hence you would notice that the get-rich-quick schemes are usually heavily promoted during a time of negative market sentiment as they can easily capture money from this type of investor.

  • Very often, something negative begets something else negative. People who are fearful to get into the market when their capacity allows them to do so, will spend most of their time looking at all the bad news to confirm their decision. Not only they will miss the bottom, but they are likely to also miss the opportunities on the way up as well, because they see any market upward movement as a preparation for a further and bigger dive the next day.
Hence it is my observation that most people who are too fearful or too greedy to get into the market during a slow market have rarely been able to benefit financially from waiting. They usually end up getting into the market after it has had its bull run for far too long when there is very little negative news left. But that is actually often the time when things are over-valued, so they get into the market then, and get slaughtered on the way down.
So my advice to our clients is to first start from your internal factors, check your own track records and financial viability to invest. Decide whether you are in a position to invest safely, regardless of the external factors (i.e. the market):
  • If the answer is yes, then go to the market and find the best value you can find at that time;
  • If the answer is no, then wait.
Unfortunately, most investors do it the other way around. They tend to let the market (an external factor) decide what they should do, regardless of their own situation, and they end up wasting time and resources within their capacity.
I hope, from the above 2 examples, that you can see that investing is not necessarily about picking the right investment and the right market timing, but it is more about picking the investment that works for you and sticking to your own investment timetable, within your own capacity.
A new way to invest in properties
During a consultation last month with a client who has been with us for 6 years, I suddenly realised they didn't know anything about our Property Advisory Service which has been around since April 2010. I thought I'd better fix this oversight and explain what it is and why it is unique and unprecedented in Australia.
But before I do, I would like to give you some data you simply don't get from investment books and seminars, so you can see where I am coming from.
Over the last 10 years of running a mortgage business for property investors:
  • We have executed more than 7,000 individual investment mortgages with around 60 different lenders;
  • Myself and our mortgage team have reviewed the financial positions of approximately 6,000 individual property investors and developers;
  • I have enjoyed privileged access to vital data including the original purchase price, value of property improvements and the current valuation of close to 30,000 individual investment properties all around Australia from our considerable client base.
When you have such a large sample size to do your research on and make observations, you are bound to discover something unknown to most people.
I have discovered many things that may surprise you as much as they surprised me, some of which are against conventional wisdom:
Paying more tax can be financially good for you.
This one took me years to swallow, but I can't deny the facts. The clients who have managed to get into a positive cashflow position have paid a lot of tax and will continue to pay a lot of tax, whether it is capital gains, income tax or stamp duty. They don't have an issue with the tax man making some money as long as they continue to make more themselves! They regularly cash in the profits from their properties and reduce their debt, but always continue to invest and park their money where the return is best. In fact, I can almost say that the only people who enjoy positive cashflow from their investment properties are the people who have little concern about paying taxes as they treat them as the cost of doing business.
Just about every property strategy works. It just depends on who does it, how it is done, when it is done and where it is done.
When I first started investing, I went and read many property investment books and attended many investment educational seminars. Just about every one of them was convincing and this confused the hell out of me. Just when I was about to form an opinion against a particular property strategy, someone would show up in one of my client consultations and prove that it worked for them!
After testing many of these strategies myself, I came to realise that it is not about the strategy,(which is only a tool) but rather it is about whether the person is using the tool appropriately at the right time, in the right place and in the right way.
There is no such thing as the best suburb to invest in, forever.
If you randomly pick a particular property in what you think is the best suburb over a 30 year window, you will find that there are periods during which this property will outperform the market average, and there are periods when this property will underperform the market average.
Many property investors find themselves jumping into historically high growth suburbs at the end of the period when it is outperforming the average, and then stay there for 5-7 years during the underperforming period. (Naturally this can taint their view of property investing as a whole!)
There is no such thing as the worst suburb to invest in, forever.
If you pick a property in the worst suburb you can think of from 40 years ago, and pitch that against the best suburb you can think of over the same period of time, you will find they both grew at about 7-9% a year on average over the long-term.
Hence in the 1960s, a median house in Melbourne and Sydney was valued at $10k. The worst property around that time may have been 30% of the median price for then, which was say about $3k. Today, the median house price in these cities is about $600k. The worst suburb you can find is still around 30% of that price which is say $200k a house. If you believe a bad suburb will never grow, then show me where you can find a house today in these cities, that is still worth around $3k.
Median Price growth is very misleading.
Many beginner property investors look at median price growth as the guidance for suburb selection. A few points worth mentioning on median price are:
We understand the way median price is calculated as the middle price point based on the number of sales during a period. We can talk about the median price for a particular suburb on a particular day, week, month, year, or even longer. So an influx of new stocks or low sales volume can severely distort the median price.
In an older suburb, median price growth tends to be higher than it really is. This is because it does not reflect the large sum of money people put into renovating their properties nor does it reflect the subdivision of large blocks of land into multiple dwellings which can be a substantial percentage of the entire suburb.
In a newer suburb, median price growth tend to be lower than it really is. This is because it does not reflect the fact that the land and buildings are both getting smaller. For example, you could buy a block of land of 650 square metres for $120k in 2006 in a newer suburb of Melbourne, but 5 years later, half the size block (i.e.325 square metres) will cost you $260k. That's a whopping 34% annual growth rate per year for 5 years, but median price growth will never reflect that, as median prices today are calculated on much smaller properties.
Median price growth takes away people's focus from looking at the cost of carrying the property. When you have a net 2-3% rental yield against interest rates of 7-8%, you are out-of-pocket by 5% a year. This is not including the money you have to put in to fix and maintain your property from time to time.
Buying and holding the same property forever doesn't give you the best returns on your money.
The longer you hold a property, the more likely you will achieve an average growth of 7-9%. But you will be bound to hit periods where your property outperforms the 7-9% growth and periods where it under performs the 7-9% growth.
The longer you hold a property, if its growth is at or above average, the lower its rental yields will become.
The longer you hold a property, the higher the capital gains tax you will need to pay when you sell, and the less likely you will be able to sell it.
The longer you hold a property, the more likely there will be a need for an expensive upgrade of the property.
The longer you hold a property, the more likely you will forget which part of the equity actually belongs to the tax man, AND the more likely you will be to try to leverage the equity that doesn't belong to you. This can get you into a negative equity position with a negative cashflow forever, unless you have proper financial guidance.
At Investors Direct Financial Group Our mission is to help our clients achieve and maintain their financial freedom. You can find out more about how we can help you at You can Sign Up to our FREE Newsletter and Receive Practical and up-to-date investment tips every month at
Bill Zheng is the founder of Investors Direct which has been helping Australian property investors since 2001. He is one of Australia's most sought after presenters on the topics of property and finance, and over 100,000 property investors have been to his presentations in the last 10 years. His monthly newsletters and articles are renowned for providing an unconventional view of the property market, making them required reading every month for aware investors.
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Wednesday, 23 October 2019

Billionaire Dan Pena's Ultimate Advice for Students & Young People - HOW TO SUCCEED IN LIFE

Developing A Plan: The Basis of Successful Investing

Developing a Plan: The Basis of Successful Investing

Expert Author Terry Tran
Warren E. Buffett offers the following advice on the qualities of a successful investor. Buffett essentially suggests that a successful investor does not need an extraordinarily high IQ, exceptional business acumen, or inside information. To enjoy a lifetime of successful investing, you need a solid decision-making framework and the ability to maintain your emotions.
A successful investment strategy requires a thoughtful plan. Developing a plan is not difficult, but staying with it during times of uncertainty and events that seem to counter you plan's strategy is often difficult. This tutorial discusses the necessity of establishing a trading plan, what investment options best suit your needs, and the challenges you could encounter if you don't have a plan.
The benefits of developing a trading plan
You can establish optimal circumstances for experiencing solid investment growth if you stick to your plan despite opposing popular opinion, current trends, or analysts' forecasts. Develop your investment plan and focus on your long-term goals and objectives.
Maintain focus on your plan
All financial markets can be erratic. It has experienced significant fluctuations in business cycles, inflation, and interest rates, along with economical recessions throughout the past century. The 1990s experienced a surge of growth due to the bull market pushing the Dow Jones industrial average (DIJA) up 300 percent. This economic growth was accompanied by low interest rates and inflation. During this time, an extraordinary number of Internet-based technology firms were created due to the increased popularity of online commerce and other computer-reliant businesses. This growth was rapid and a downturn occurred just as fast. Between 2000 and 2002, the DIJA dropped 38 percent, triggering a massive sell-off of technology stocks which kept indexes in a depressed state well into the middle of 2001. Large-scale corporate accounting scandals contributed to the downturn. Then in the fall of 2001, the United States suffered a catastrophic terrorist attack that sent the nation into a high level of uncertainty and further weakened the strength of the market.
These are the kinds of events that can tax your emotions in terms of your investment strategies. It's times like these that it is imperative that you have a plan and stick to it. This is when you establish a long-term focus on your objectives. Toward the end of 2002 through 2005, the DJIA rose 44 percent. Investors who let their emotions govern their trading strategies and sold off all their positions missed out on this upturn.
The three deadly sins and how to avoid them
The three emotions that accompany trading are fear, hope, and greed. When prices plunge, fear compels you to sell low without reviewing your position. Under these circumstances, you should revisit the original reasons for your investments and determine if they have changed. For example, you might focus on the short term and immediately sell when the price drops below its intrinsic value. In this case, you could miss out if the price recovers.
An investment strategy that is based on hope might compel you to buy certain stocks based on the hope that a company's future performance will reflect on their past performance. This is what occurred during the surge of the Internet-based, dot-com companies during the late 1990s. This is where you need to devote your research into a company's fundamentals and less on their past performance when determining the worth of their stock. Investing primarily on hope could have you ending up with an overvalued stock with more risk of a loss than a gain.
The greed emotion can distort your rationale for certain investments. It can compel you to hold onto a position for too long. If your plan is to hold out a little longer to gain a few percentage points, your position could backfire and result in a loss. Again, in the late 1990s, investors were enjoying double-digit gains on their Internet-company stocks. Instead of scaling back on their investments, many individuals held onto their positions with the hope that the prices would keep going up. Even when the prices were beginning to drop, investors held out hoping that their stocks would rally. Unfortunately, the rally never happened and investors experienced substantial losses.
An effective investment plan requires that you properly manage the three deadly sins of investing.
The key components of an investment plan
Determine your investment objectives
The first component in your investment plan is to determine your investment objectives. The three main categories involved in your objectives are income, growth, and safety.
If your plan is to establish a steady income stream, your objective focuses on the income category. Investors in this category tend to be low-risk and don't require capital appreciation. They use their investments as an income source.
If your focus is on increasing your portfolio's value over the long term, your objective is growth-based. In contrast to the income category, investors strive for capital appreciation. Investors in this category tend to be younger and have a longer investment time frame. If this is your preferred category, consider your age, investment expectations, and tolerance to risk.
The final category is safety. Investors who prefer to prevent loss of their principle investment. They want to maintain the current value of their portfolio and avoid risks that are common with stocks and other less secure investments.
Risk tolerance
While the main reason for growing your portfolio is to increase your wealth, you need to consider how much risk you are willing to take. If you struggle with the market's volatility, your strategy should focus more on the safety or income categories. If you are more resilient to a fluctuating market and can accept some losses, you might favor the growth category. This category has the potential for higher gains. Nevertheless, you need to be honest with yourself and the level of risk you are willing to take as you set up your investment plan.
Asset Allocation
As discussed in the previous sections, part of your investment plan is to determine your risk tolerance and investment objectives. After you establish these components, you can begin to determine how you will allocate the assets in your portfolio and how they will match your goals and risk tolerance. For example, if you are interested in pursuing a growth-oriented category, you could allocate 60 percent in stocks, 15 percent in cash equivalents, and 25 percent in bonds.
Make sure your asset allocation reinforces your objectives and risk tolerance. If your focus is on safety, your objectives need to include safe, fixed-income assets such as money market securities, high-quality corporate securities (with high debt ratings), and government bonds.
If your strategy focuses on an income category, you should focus on fixed-income strategies. Your investments might include bonds with lower ratings that provide higher yields and dividend-paying stocks.
If your focus is on the growth category, your portfolio should focus on common stock, mutual funds, or exchange-traded funds (ETF). With this category, you need to vigilant in managing your portfolio by regularly reviewing your objectives and adjusting them according to your risk tolerance and objectives.
Effective asset allocation helps you establish a guideline for properly diversification of your portfolio. This enables you to work toward your objectives and manage a comfortable amount of risk.
Investment choices
Your trading strategy includes deciding what types of investments to buy and how you will allocate your assets.
If your strategy is based on growth, you might consider mutual funds or ETFs that have high market-performance potential.
Wealth protection/income generation
If you choose to pursue a wealth protection method, you might choose government bonds or professionally-managed bond funds.
Choosing your own stocks
If you prefer to select your own stocks, establish some rules for how you will enter and exit your positions. You objectives and investment strategies will determine these rules. Whatever approach you use, one trading rule you should establish is to use stop-loss orders as a form of protection against downward price movements. For example, if your investment drops 60 percent, it will need to increase 110 percent in order to break even. You choose the price that you will set the order, but a good rule to follow is to set a stop-loss order at 10 percent below the purchase price for long-term investments and a stop-loss order at 3-to-5 percent for short term trades.
Your strategy might also include investing in professionally-managed products such as mutual funds. These give you access to professional money managers. If you hope to use mutual funds to increase the value of your portfolio, choose growth funds that focus on capital appreciation. If your intent is to pursue an income-oriented approach, choose income-generating avenues such as dividend-paying stocks or bond funds. Make sure your allocation and risk structure align with your diversification and risk tolerance.
Index funds and ETFs
Index funds and ETFs are passively-managed products that have low fees and tax efficiencies (lower than actively-managed funds). These investments could be a good way to manage your asset allocation plan because they are low-cost and well diversified. Essentially, they are baskets of stocks that represent an index, a sector, or a country.
The most important component in reaching your investment goals is your plan. It helps you establish investment guidelines and a level of protection against loss. It's important that you develop a plan based on an honest assessment of your investment style, level of risk tolerance, and objectives. You also must avoid letting your emotions influence your investment decisions even during the more discouraging times.
If you are still uncertain about your ability to effectively develop and follow a plan, consider employing the services of an investment advisor. This person's expertise can help you adhere to a solid plan to meet your investment objectives.
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Tuesday, 22 October 2019

Who Controls All of Our Money?

Questions First Time Investors Should Ask Before Investing

Questions First Time Investors Should Ask Before Investing

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It is easy to find people's opinion on how to invest in the stock market as everyone has a different angle on what to expect in the stock market at every point in time, but most of the time people's opinion may be very confusing. The most common problem that new investors do have is how to determine good investments from the bad ones, what to invest on, what time to invest among others. Some of the questions that you need to answer so as to make a good decision when you want to invest are highlighted below.

Is This a Good Time to Invest in Stocks?
On the off chance that you are taking a gander at money markets amid a lofty decrease, you may think it is a terrible time to begin investing. On the off chance that you are taking a gander at it when stocks are reviving, you may think it is a decent time.
Neither one of the times is fundamentally great or terrible in the event that you are investing for the long haul (10 years or more). Nobody can anticipate with any level of assurance which way the share trading system will move at any given time; yet over the long haul, stock markets has constantly moved higher. Each bear advertises is trailed by a buyer market (when stock costs rise). Verifiably, positively trending markets have endured any longer than bear markets, and the additions of buyer markets have more than counterbalance the misfortunes in bear markets
How Much Risk Should I Take?
A standout amongst the most essential fundamentals of investing is the cozy relationship amongst risk and returns. Without risk, there can be no profits. You ought to will to accept more risk on the off chance that you are looking for more noteworthy returns. In that regard, risk can be something to be thankful for, yet just in the event that you take into consideration adequate time to let the inescapable market cycles happen. By and large, in the event that you have a more drawn out venture time skyline, you ought to will to expect a more noteworthy measure of risk, on the grounds that there will be more opportunity for the market to work through the here and there cycles. Generally, understanding financial specialists have been compensated with positive long haul returns.
New investors are regularly encouraged to put fundamentally in common money, which can give moment enhancement, offering the most ideal approach to lessen risk. By putting resources into a couple of various shared assets speaking to various resource classes, (for example, expansive development stocks, global stocks or bonds), you can lessen unpredictability significantly promote without yielding long haul returns.
On the off chance that you are beginning an investment program by investing incremental measures of cash on a month to month basis, you will profit by dollar cost averaging. When you invest an altered measure of cash on a month to month premise, you get some share costs at a higher cost and some at a lower cost because of market changes. At the point when the market decreases, your settled dollar sum will purchase more shares. After some time, the normal cost of your shares ought to be lower than the present market cost. By utilizing dollar cost averaging, your drawback risk will be alleviated after some time.
What Is My Investment Goal?
The most vital question to consider before making any invest is, "What Is My Investment Goal?" Your ventures will contrast boundlessly if, for instance, you are attempting to spare cash for retirement as opposed to attempting to spare cash for an up front installment on the house. Things being what they are, ask yourself, "Is this venture prone to help me meet my objective?"
What Is My Risk Tolerance?
If your investment objective is to profit as would be prudent and you can endure any hazard, then you ought to invest in the National Lottery. Putting resources into lotteries, be that as it may, practically promises you won't achieve your venture objective. There are speculations for each level of risk resilience. But if you are not a high-risk taker, investing in long-term investment is the key.
What Happens if This Investment Goes to Zero?
Among the 12 stocks in 1896 stock list, only General Electric is still in operation, the other eleven firms in the first record have either gone bankrupt or have been gobbled up. There is a genuine plausibility that any investment you make could go to zero while you claim it. Ask yourself, "Will I be monetarily crushed if this speculation goes to zero?" If the answer is yes, don't make that venture.
What Is My Investment Time Frame?
As a rule, the more extended your investment time allotment, the more risk you can take in your investment portfolio since you have more opportunity to recuperate from a mix-up. Likewise, in case you're putting something aside for retirement, and you're decades from resigning, putting resources into something illiquid (like an investment property) may bode well. "Does this venture bode well from a planning perspective?"
When and Why Will I Sell This Investment?
If you know why you are putting resources into something, you ought to have an entirely smart thought of when to sell it. On the off chance that you purchased a stock since you were expecting 20 percent income development for each year, you ought to anticipate offering the stock if income development doesn't live up to your desires. On the off chance that you purchased a stock since you enjoyed the dividend yield, offer the stock if the profit yield falls.
Who Am I Investing With?
It is extremely hard to judge the character and capacity of anybody in light of a two-passage portrayal accessible in an organization's yearly report or a common store outline. However, you ought to at any rate know with whom you are entrusting your money. What is their past record? Things to hope for are long fruitful track records and good dividend and turnover.
Do I Have Special Knowledge?
A celebrated investment expert feels that normal individuals have a tremendous favorable position over investment experts in fields where they work in light of the fact that no investment professional will ever know more around an industry than somebody who works in it. Ask yourself, "Am I putting resources into something I know something about, or am I putting resources into something that some specialist know something about?"
I couldn't care less how great something sounds. In the event that I don't totally see how it functions, I won't put resources into it.
In the event that an investment can't be clarified obviously, it implies one of two things:
The individual clarifying it doesn't comprehend it either, or there's something about the investment that the individual is attempting to stow away.
On top of that, one of the greatest keys to investing admirably is adhering to your arrangement through the good and bad times.
That is difficult. Indeed, even the best investment methodologies have enormous down periods that make you reconsider. Adhering to your arrangement in those extreme times requires a practically religious-like conviction that things will pivot.
Furthermore, the best way to have that sort of conviction is to comprehend why you're investing the way you are and what every bit of your arrangement is accomplishing for you. Without a solid comprehension, you'll more likely than not safeguard at the main indication of inconvenience.
Why Do I Still Own That Investment?
It is a smart thought to intermittently look through your investment portfolio to ensure regardless you need to claim your stock. Offering an investment for a misfortune or offering a major champ is exceptionally troublesome. Be that as it may, the greatest distinction amongst beginner and professional investors is that professional investors don't have passionate ensnarement with their investment and can strip themselves of their investment without kicking themselves if the investment keeps on picking up esteem.
Should I Be Managing My Own Investments?
It is extremely difficult for beginner investor to perform well than a professional investment expert. If you don't have sufficient energy or slant to deal with your investment, you ought to think about paying an expert to do it for you. Every investor wants to make profit, so there is no harm in trusting your investment in good hand.
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