Welcome to the latest series on this wildly popular website – JosephSangl.com – “Top 5 Ways To Improve ROI”
ROI: Return On Investment
Everyone wants to receive a positive return on their investment. We are delaying the use of our money so that we can have more money in the future – at least that is the goal. However, many people are seeing negative ROI over the past several years. This is why I am writing this series – to help each of you make your money earn more. These are the top five rules I use to maximize my money, and it has worked out well for me.
Part 1 Don’t invest for the short-term.
I am just not smart enough to make sense of every single nuance of the entire world. I do not know how a grasshopper invasion in Antarctica impacts oil production in Siberia, yet we have all seen that sometimes seemingly unrelated items have a major impact on financial performance. For this reason, I spend a great deal of time thinking about which investments to choose before I acquire them, and then I hold them for the long term. Day-trading (or anything like it) has a feeling very comparable to gambling in Vegas, and it usually winds up with the same result.
What are YOUR experiences with investing? Have you ever “day-traded”? Tell me your wins AND your losses!