Investment Principles
Principle 6: Avoid big mistakes, especially early in life
[dropcap background=”” color=”” circle=”0″]E[/dropcap]ver heard that advice that says don’t be afraid to make mistakes while you’re young? Or quotes telling you to be “young, wild, and free”? I have to tell you, after listening to award-winning financial analyst Andrew Stotz’s thoughts on personal finance, I can say that while we should not be afraid…
Principle 5: Do it yourself
[dropcap background=”” color=”” circle=”0″]P[/dropcap]ros don’t always work for you… Internationally acclaimed financial strategist Andrew Stotz encourages people who have time, knowledge and interest to handle their own assets rather than paying fund managers hefty fees to do it for them. After all, fund managers are well-educated people who need to be paid in accordance with…
Principle 4: Be realistic about stock market returns
[dropcap background=”” color=”” circle=”0″]I[/dropcap]f you’re under the impression that investing in the stock market is your ultimate ticket to the life of the rich and famous, please wake up. Dreaming big is not a problem in the world of finance, but assuming everything will turn out great for your money is. If there is one…
Principle 3: Time really is money
[dropcap background=”” color=”” circle=”0″]T[/dropcap]ime is of the essence. Time is golden. The concept of time as man’s most priceless asset has been around since the days of our earliest ancestors. But Investing-in-Asia expert and financial literacy advocate Andrew Stotz’s take is more direct: Time is money. The good news is that many investors still have…
Principle 2: Simplicity beats complexity
[dropcap background=”” color=”” circle=”0″]H[/dropcap]ave you ever dealt with documents overloaded with numbers, jargon, and charts that you can’t just seem to make sense of anything? Or have you had a shopping experience for a gadget where your salesman gave too many information for each product that you ended up buying nothing or worse, buying the…