PERSONAL FINANCE & LIFESTYLE BUSINESS

What works for someone else may not work for you; or can it!?

When considering what to do next, we often look around to what people are doing. We look at our friends, working peers, and often enough popular successful people and stories. These are not the wrong way to start, the best way to get started is to see what is going on and get up to date on things are much as possible.

Some of the best forms of created investments assets often see success when one of the things is considered, long term or short term? Well that really depends on how things look after going through part one of this post. Based on my experience long term investments have worked out at an evenly as the short term investments.

Consider this; we live in a democratic society, where capitalism thrives; so why not choose both long term and short term investment plans. Why? Because you can. Now how to determine what can be long and short term investments is based on how much time and equity you have to invest, and must invest to see it realize.

If it’s has anything in any way or form to do with trade it’s a short term, if it’s fixed its long term. Those two categories can help to differ things for a while, but more complex an investment idea gets the more maturity looks. Keep in mind that in the investment world things move fast!

Good thing to do is the write down, five long and short term investments possibilities. When you write these down included details of the plans with analyzed risk assessments, information, and examples. This will help your thoughts look more of a possibility than an afterthought; which will help build confidence and better chance of giving it a try.

Simulate! Take your ideas one by one and simulate them. Write a basic business plan and compare to real world statistics and simple business math calculations. For example if you were interest in creating your own stock market portfolio you can simulate a practice account with fake credits and test what you know. Make mistakes at no cost and grow better for the real test; this is part of minimizing risk as well! (simulator.investopedia.com)

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