Getting out is more important than getting in
If you want to be a savvy investor you need to know how to exit an investment as well as how to get into the investment. (exit strategy)
The odds are 50% of all marriages will end in divorce and the reality is nearly 100% of all marriages think they will beat those odds.
Always remember that when you are excitedly buying an asset there is often someone who knows more about the asset who is excitedly selling it to you!
When you buy an investment you should also have an idea of when to sell it, especially investments offered to Accredited Investors and above.
In the more sophisticated types of investments, your exit is often more important than the entry strategy.
When getting into such investments you should know what will happen if the investment goes well and what will happen if the investment goes bad.
The odds are 50% of all marriages will end in divorce and the reality is nearly 100% of all marriages think they will beat those odds.
Always remember that when you are excitedly buying an asset there is often someone who knows more about the asset who is excitedly selling it to you!
When you buy an investment you should also have an idea of when to sell it, especially investments offered to Accredited Investors and above.
In the more sophisticated types of investments, your exit is often more important than the entry strategy.
When getting into such investments you should know what will happen if the investment goes well and what will happen if the investment goes bad.
