The only 2 ways to move your money to meet your goals.

in money •  7 years ago 

The only 2 ways to move your money to meet your goals...jpg

They always talk to us and deep down we all know that in order to become rich, understanding this as leading the life one wants to lead, it is essential that our money is on the move. You know what they say, money attracts more money.

Well, the only two ways to think about this movement of money that I have found are:

  • Move the money ourselves.
  • Somebody else move our money.

These two paths are neither far from exclusive nor antagonistic, we can have certain investments that we manage ourselves and others that we have delegated to a manager who is the decision maker (because he probably understands much more about that market or has more time to dedicate to it)

There is no one-size-fits-all solution, so everyone must find their own way, but what there is is advice I can give you to help you make that decision:

If you decide to manage your own investments:

Things you're gonna need

  • Time to devote to the analysis, monitoring and execution of investment opportunities.
  • Therefore, you will also need a previous knowledge of the subject that allows you to make a good analysis.
  • Want to be in control and decide where you go and what makes your money

Benefits

  • Higher profitability is obtained (once we are experienced investors) since in the end every manager will charge us a commission on the results.
  • In the process we will learn many things and probably meet many people.
  • Greater control over our plan, as we have precise control of where it is and what makes our money.

Ideal for

  • Those who want to learn to invest, taking into account that investing is a job in itself, so if you feel like dedicating yourself to them part-time at first, but maybe full-time at the end, this is your vehicle.

In case someone else manages your investments

Things you're gonna need

  • A good manager, someone who makes good decisions about how your money will move
  • And obviously what you will have to have is a criterion about what you want and who is the right manager to make this happen.
  • You won't need a lot of time to dedicate to it, for that you have the manager, who will charge (usually for results) his commission in exchange for his dedication.

Benefits

  • As we have said, you don't need much time, so little dedication once the manager is chosen.
  • Professional "professional" investment experience from day one, as a good manager has been active in the financial markets for many years.

Ideal for

  • Very busy people who understand the need to invest, but do not have the time or desire to invest themselves.
  • Novel investors, while acquiring the knowledge necessary to invest by themselves do not let their money fall asleep.

So you know, investing is critical to fulfilling your dreams, create your plan and get it rolling!

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