Invest In What You Know
“If you’re prepared to invest, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won’t get bored.” – Peter Lynch
My point is not to sway you toward one investment or another. I personally favor Trust Deeds and Real Estate. Why? Because those are two types of investments that I know the best! And, THAT, is my point – invest in what you know!
As you go through this course, identify the investment opportunities that make the most sense to you. As the Peter Lynch quote illustrates, you should be able to explain why you are making an investment simply and easily. It really should be that simple for you. The beauty is that the more you investment, and the more accommodated you become to the fact that you are actually in control of your investments, the easier it will be for you to deliver those explanations. You will quickly learn what niche(s) work best for you and concentrate your efforts there.
Remember the music teacher from the previous module. Look for opportunities that make sense for you. Look for what interests you, what moves you along in your life’s mission and work. What is right for you is not going to be the same as what is right for the person next to you.
You may already know exactly what it is you want to do, once you get your account opened. That said, you may just find some new opportunities here that you had never realized were possible. You may just now discover what it is you want.
Now, let me also point out that various areas of this site contain some additional modules that are going to delve more deeply into particular investment types. These include:
- Real Estate
- Trust Deed Investing
- Generating Money On-line
- Funding Your Own Business with SDIRA Funds
Realize that if you are looking for some of those specific niches, there is more coming your way that what is contained within this manual. This module focuses on getting you the fundamentals, and starting to open your eyes to the possibilities that are available to you.
How Can We Help You?
Our team of experienced Self Directed Investment professionals are here to help answer your questions. We have years of experience and have seen nearly every type of account, investment, tax issue, funding method, and question imaginable. Give us a call and let us offer our expertise.