Chapter 10
Successful Investing Principles
IN THIS CHAPTER
Surveying the investment landscape
Understanding the risks and returns of various investments
Assembling a portfolio and allocating your money
Choosing investment companies and gurus
One of the most important financial tasks you’ll tackle in your 20s and 30s is investing money you’ve worked hard to earn and save. If you think about it, the investments that you make in your young adult years will have decades to produce great returns for you. So, you really have within your power and grasp the ability to make life-changing investments when you’re young.
Investing wisely takes knowledge, discipline, and a sound philosophy. The good news: This chapter can help you get and stay on the right path.
Ignore, for a moment, all the specific investments you’ve ever heard of. Having a big picture and overarching understanding of the investment world is vital, so I explain and simplify it for you in the following sections. You have two major investment choices: You can be a lender or an owner.
Examining Bonds and Other Lending Investments ...
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