Review It!

I sometimes feel that I am stating the obvious when I make these posts. I feel that everyone already knows what I am posting, and this may be true. I do this not so much to educate, but to remind. It doesn't matter if you "know" something if you let your emotions run away. You would be better off not knowing it at all, for then you would at least be making a first time mistake.

What I want to remind you of today is to be careful in what you invest in. This may seem like a given, but I myself have been guilty of this mistake more than once. The problem usually derives from wanting to succeed so bad, that you tend to make dumb mistakes. In other words, you let your emotions carry you away. When I let my emotions do my investing thinking, I made the mistake of not being able to tell the difference between a sales pitch, and sound investment advice.

It is always best to remember that it is OKAY to hold money while there are no good investments available. As a new investor, this may be hard; especially since one can assume that they just don't know enough to be finding the good investments, rather than there being none there.

I am never one to condemn making mistakes, for I strongly feel that this is how we learn. It is very important however, to do your homework. Don't ever jump into an investment just for the fear of loosing it if you wait. There are always more investment opportunities, and they are a lot easier to capitalize on if you haven't lost your confidence and capital on previous un-researched "investments'

Good Luck With Everything!

MDZ