Page 48 - Workbook3E

“A little savings here... a tad of investment there... a cup of insurance... a dash of diversification...”
“Whatever you can do or dream you can, begin it. Boldness has genius, power, and magic in it.”
~ Johann von Goethe
44 Workbook 3: Prepare for the Future
#4
Your Recipe For Successful Investments
1. Make only modest investments in personal assets that don’t provide any return or capital increase.
2. Develop a solid insurance program.
3. Pick one or two areas of investment for a major return and stay within those areas during your investment lifetime.
4. Make all investments for the long term, but take a loss if the long- term situation changes.
5. Diversify your investments within your selected areas.
6. Study and work with others. Develop a sense of intuition about your chosen areas. Try to understand all the factors affecting your investments.
Responsible Capitalist Investment
Goal Sheet
You’ll find this helpful goal sheet on page 46 of this Workbook. With it you’ll make short-term and long- term goals for your investments. It’s broken down in easy categories of: Personal Assets, Insurance,
Real Estate, Your Own Business, Someone Else’s Business, Money Market, and Tangibles.
Complete your Goal Sheet with your spouse and keep it in a safe place to refer to it often. Mark on your calendar the date of your one- year plan goal, reminding you to review how you’re doing.