Page 18 - THE SCAM OF RICHES

Generally, it is unwise to invest ALL of your savings in any single investment opportunity;

no matter how juicy and foolproof it seems and no matter how all your friends assure you
that they have made a truckload of money from it.

In the world of investments, it is better to play safe and keep your money than to be
cocky and risk everything.

So my investment advice is that you use the 90-10 Formula:

Put 90% of your savings in safe, low risk investment and 10% in higher risk investment
that has the potential to give you a high ROI.

The reason for this is that if you lose money from a risky investment, you wouldn’t have
lost everything, only 10% of your savings.

Also, as I have said before, research before you invest.

Never be in any hurry to invest in a scheme you know nothing about. Warren Buffet,
arguably the world’s most successful investor advises people take time to study, research

and find out about businesses before they invest.

Do not just ask your family and friends, and do not just ask Google. You need to go
deeper, and you may even hire an investment adviser. Read books and magazine articles

and do comprehensive research before you invest.

Study, learn and have in-depth understanding before you put your precious money into

any investment opportunity.

A good quote to remember is “Investigate before you invest”- Yudy The Illuminist

Examples of various investment opportunities include:

Stocks

Bonds

Network Maketing/Multilevel Marketing

Treasury Bills

Fixed Deposits

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