Shoebox Investor

What is a shoebox investor? An investor who generally pays himself first. The idea is that any money you can store in a shoebox or piggy bank, should be invested in the market. It is not how much you invest, it is the time value of money you should focus on. The earlier you put the money in the market, the longer you keep it in, the higher the chances of reaping the benefits of accumulating dividends. The reinvested dividends will buy you more shares.

Pay yourself first

Thursday, March 6, 2008

Write your investment GOALS

It is a known fact that successful people write their "to do" list everyday,

and review their goals at least weekly. This is important to keep you

focused on what is important to you.

This is no different for your investment goals. For example, if you want

to invest every "extra" money, don't go out and buy

that new iPod. If it is want and not a need, then you shouldn't

Invest in luxuries. It is important to do this as you may drift away from your intent.

SIX INVESTMENT GOALS

What are your investment goals?

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