Baby Steps To Investing
The journey of building wealth in any kind of investment is taking basic steps. In stock investment, you make a list of all the companies you want to invest in and start doing some research. First off, what interest you? Do you have any companies in mind that you want to invest in? What products or services do you know very well? Love and use? Do they have the potential to become a great investment. What products or services do you see your family and friends obsessing or taking about. Look at the leadership of the company you want to invest in, are they visionary and problem solving leader. After you make your list, I want you to take it a step further and think about the future – 5, 10, 15, 20 years from now – is that company, product, service still around and thriving? How much competition is there in the industry where that company operates (if any?), can any type of technological disruption ( or disruption of any kind ) wipe out the company from the face of t...