One of my favorite quotes I like is “Assets will Feed you and Liabilities Will Eat You” by Robert Kiyosaki. It is such a great statement that is so true. But so many people don’t understand it or don’t do what it takes to learn more about it.
There is a lot of information, books, videos and classes on how to Invest your money into Investments. I am a conservative Investor now in my Retirement years so I am a big believer of finding a good Financial Planner that you trust and have a good relationship with to invest with. We use Fidelity Investments and Charles Schwab in our family. I like going with both of them since they have such good tools and are so large. They both have offices all around the United States where I could stop in and talk to someone if I needed to or I can just pick up the phone and talk to someone. I also like the On-Line tools they have and ease of their websites.
I wish I had a magic ball where I could tell you what to Invest in but I don’t and wouldn’t. I leave that advice to come from Professionals or your own research. I do suggest that maybe you do some of the following actions to start with;
1. Learn about Investing – Read books and take classes so you can learn more about Investing and Investments.
2. Learn about Financials – Expand your Financial Literacy and knowledge so you can also do research and feel good if you do take any advice from a professional.
3. Spread Your Investments around – I am not a fan of putting all my eggs in one basket. For instance, If I had $100,000 I wouldn’t put it all in one Stock. I might buy 35 different stocks to spread out my risk.
4. Find a Financial Planner – Interview different Financial Planners to see if you like them. Make up a list of questions to ask each one. Some questions may be like;
A. How do you get paid?
B. What will I get charged each Year for your services?
C. If I had a Million Dollars how would you invest it? What investments?
D. How are you better than Fidelity or Charles Schwab?
E. List any other questions that are important to you.
Probably most people all have different Investment strategies and plans. Some people may invest in the following assets;
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Bruce of MillsWay.com