Friday, July 27, 2007
There are many systems for investment, forex, stocks, bonds etc. What is more profitable? Can you name system? -
You really have to develop your *own* system. There are a lot of reasons for that: - If a purchaseble system is worth its money, why aren t the inventors using it themselves? - No two investors are alike: a purchased system might not appeal to your style of investment. - Only when you have developped and backtested your own system, it gives you the confidence to stick to it, even if you go through a bad period. I saw the Forex system on TV and I thought that it probably mostly makes money for the people who sell you the system. I think that investing in a mix of stocks with some bonds is best. It s slow going, but if you can make 8% a year, your money will double in nine years. (See The Rule of 72 for more info.) Slow and steady wins the race, invest on a constant basis, like every month. Good luck!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment