Golden Rules.
The order in which the rules appear is not an indication of their importance. Each one is equally important and should be foremost in your planning.
1. Diversify, Diversify and Diversify. Never rely solely on, one or two programs.
2. Recover your initial investment as soon as you can and reinvest into another program.
3. Never, use money that you cannot afford to lose.
Don’ts.
1. DO NOT invest more than you can afford to lose? If it is going to affect your family or your life style or make your financial position worse, then DO NOT use it.
2. DO NOT invest out of desperation. Think ahead and think how you would feel if your investment failed. You would probably be in an even more desperate situation, you probably invested more than you could afford to lose. DO NOT do it.
3. DO NOT Gamble with your investment capital. This is a definite NO, NO.
DO NOT, roll over, flip or compound your profits before extracting your investment capital. (Exit strategy)
4. DO NOT be greedy. Greed is a killer in this business, the majority of people that have failed in this business are people that were overcome by greed and fall into the gamblers mentality.
5. DO NOT, roll over, flip or compound your profits and watch them grow in the program. It may look good on paper or, the programs back office but, it would look a lot better in your hand or wallet and, would be a lot safer. |