Bad date last night? Do not despair. It's not as bad as you might think. Here's good news: You know, maybe not, but if it has your money is so bad day, you can learn a lot about successful investments.
Think I'm joking? Think again. Although I was far from the king of dating have, I though a few rare good fortune strip in me. And looking back on those rare few times, my moderate success on the dating circuit has taught me that quite a few things about prudentits assets.
Here are a few examples ...
1) DO NOT JUDGE a book by its cover
Be consistent Dating: The man was too late for half an hour, his shirt stained pants barely surpassed Taco Bell, the rain gave him a lethal dose of bed-head and back, then busboy was more than he. As if this were not bad enough, his mood was a bit stale and the car he drove a strange putter had thought that only foreigners attracted by the evil Planet X While at first the girl didwanted a dinner date from hell-fire, little she knew that someone I was, and I would be soon brought the man she wants to marry.
Investment: The reception was certainly nice, but the carpets were boring and the musty furniture reminiscent of grandma's place in Brooklyn. They were ready, your money, take that Private Wealth Management Firm --- that with the white marble staircase and baby grand --- but when released the well-mannered financial advisor, you thought you werepolite and give him a few minutes. A bit into his pitch, you were very pleasantly surprised when he low-cost, tax-efficient investments that are perfectly aligned, your goals propagated. It was then clear, there is a reason the furniture in its place is a little dated, especially because the type is not touting the high fee investment.
Lesson Learned: First impressions can easily get the best of us. Whether it's a date or your money, one step back to look behind theCurtain is usually put both your money and heart in a much better place.
2) COST COUNT
Dating: She liked Dylan Thomas, idolized Ginsberg, despised the conformists and was clinically depressed that she missed out last year, the Monterey Pop Festival. The perfect 10 from the bottom of the village of strumming an acoustic, wrote poetry, and even your favorite Levis donated to a homeless man on the street. At first lust got the best of you to help her months after payment ofrent, their organic meals, and for those who have been Warhol's films that you did, how exhausted you finally what you recognize that when it comes from a question of counting the costs are not sure.
Investing: The fund was to hardly move. Five years into it, we just could not quite figure out why you do not make much money. Then, one fine day, you clever enough to pass the time, the fees you paid research, only to realize the fund was too much load per year in the annualCosts and create all types of taxes.
Lesson learned: If it made the investment and that includes most of the costs in any case. Rate yourself the time to see how much you pay for your appointments and funds is an essential element in the success of individuals.
3) IT IS NOT TO be effective, it is complicated
Dating: For many people the best day, who spent the simple, such as timers on the couch in a cold winter night, wearing soft flannel pajamasunder a fluffy blanket just a classic film with Bogart, of course, hot green tea and a hearty sack of Fritos in the vicinity. Dining at Nobu is certainly a place in the years, looking back on all the great days we are most likely to remind us it was simple, that the agreement reached.
Investing Investing: When it comes to many of the most successful investors I will have helped with the simplest portfolio. At the other end of the spectrum, investors who spend every waking areHours hunting returns to analyze complex diagrams to dissect financial statements or abrasive cleaners in the market on a daily basis searching endlessly for a perfect buy.
Lesson learned: There are tens of thousands of mutual funds around the country with about two professional fund managers each. Guessed from the thousands of fund managers, as many of them to beat the static, lifeless, S & P 500 index more than ten years in a row? Answer ...? .... Very few. Statistics show that the S & Poften but not always, managed to out-performs many fund managers per year, which his keen that when it comes to effective and successful investment occurs infrequently, will be too complicated to be effective.
4) CUT the losers, RIDE THE WINNERS
Dating: The first few days were are the stuff of legends, but by the time the mid-terms rolled around, fell Crazy Mindy's college roommate my car, emptied his bank account, his shreddedVintage Dark Side Of The Moon Posters, left him in the macro-miss Econ final and managed to give him a very fat lip. At the time, was completed, my roommate ended blowing a whole year trying to senior Crazy Mindy in the person they once seemed to be done.
Investing: On paper, the company looked like a real winner. Not only the stock was going through the roof, but also Madonna used their products. First, the investment attracted, but not by a failure and CEOthrow in some federal regulations, the stock began its continuous downward spiral. Convinced that he would come back, they stopped, only to wake up to realize you would be much better off giving Crazy Mindy invest your money.
Lesson Learned: Crazy Mindy could be less about my roommate and care stocks could care less about you. You do not know who you are and only you can fall in love with her. Love or money, if something does not work, get out. Just cut the lossesmove and live to fight another day. The faster you do this, turn out the better the rule.
5) DO NOT GIVE IT UP on the first date
Dating: Dinner at The Palm was better than if you won another series Mets. The man who made you laugh, he held the door open and a shot of Gray Goose, he looked like Brad Pitt. But politely back to your seat, just like the rooms to High Noon on the Serengeti, your mother's voice she whispered: "Do not fainted on the first date."Klug, pushing you back and let the so-called "time" the relationship to maintain.
Investment: The financial advisers seemed like a nice guy. It shows you attractive returns, wearing a Tom Cruise smile and even cappuccino served in fancy bone china consistent with lace. To transfer the entire 401k in one of the IRA, only to later realize it costs a huge advance Commission unduly high investments you boot only causes losses.
LessonTreat learned: you your money as you would treat your body: Do not give it up on the first day. Take time to cultivate a relationship with not only your mother proud, but it will certainly provide you with one of the most important keys to financial success and dating.
6) Diversification is the key to success
Dating: Adam looked like Alan, Alan, like Arnold acted, smelled like Arnie Arnold Arnie and recalled Alex. And just when you thought you found thePerfect-A, please Aden were so, as Albert and Abe once (or was that Alfonse?). It was then in a fleeting moment of revelation, you finally realized the problem had nothing to you, but all do to with people whose names start with the letter "A."
Investing: Dot-coms in the late 90s. ... Financials, 2008 ... Need I say more?
Lesson Learned: Diversification of your investments is an important key to investment success. Set up in a sector or has and it is not aQuestion if disaster hits, it's usually a matter of time. Reduce the risks, the diversification of your investments in the prudent, timeless basic asset classes and of far greater importance, from guys who check their names with the letter A.
CONCLUSION
Bad date? Who cares? The next time something is not as good, just the hand with the date and thank them for making you a wealthy man.
After all, when it comes to love and money, hopefully hereThey have learned, it's all very similar.
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