Although not all think that billionaire tips on investment are practical, a billionaire financial advice is solid, tried and tested. And there are lots of them.
So, if you’re trying to invest in the US under the presidency of Donald Trump, here are some of the best investment advice.
Following tips come from the millionaires and billionaires of US, and can be very helpful in growing your wealth –
Warren Buffet: “The Best Investment is in you.”
Buffet, the CEO of Berkshire Hathaway, says, “Never Bet against America”. Many factors affect the money market, and it doesn’t matter who the President is.
However, the best investment you can do is to put your money into developing yourself. Nobody can take your potential away from you.
Think of ways to make yourself better, attend relevant classes, get another certificate or maybe learn a new language.
Mark Cuban: “Always Pay your Debts.”
Any business that you invest in, you need to, first, learn about the business. Mark Cuban, an angel investor and the owner of Dallas Cowboys says there are no shortcuts. He started small and tried it all. Moreover, always pay off your debts.
With the freedom from debts, you will have one less thing to distract you. And you can focus on making your money work for you.
Peter Lynch: “Know the Numbers.”
Peter Lynch was the fund manager of Fidelity Magellan. He invested in just the right way and outperformed the index (almost) every year.
He says that you should invest in what you know. It’s always about the numbers and your understanding of the industry.
A restaurant owner can understand food companies and a metal dealer, for example, can predict the future of steel industry better than others.
Mark Zuckerberg: “The Biggest Risk is not taking Risks.”
Facebook wouldn’t have existed if Mark and his team didn’t put their idea to test. The world is ever-changing and getting on the top of the ladder, you need to take smart risks. “The only strategy that is a guaranteed failure today is not taking risks.” – Young billionaire advice on investment.
Take the leap of faith and invest your money in your ideas or others… ideas or business.
Oprah Winfrey: “Believe in Yourself.”
Do you know what percent of millionaires are self made? Well, it’s somewhere between 60-70%. Yeah, most of the millionaires aren’t rich by birth, and the same holds true for billionaires.
According to Oprah Winfrey, “The first step to making more money is to believe in yourself.” Make a list of your goals and don’t fear failures. They are steps to success.
Mary Callahan Erdoes: “Invest for the Long-term.”
“Invest for the long term and take it when you really need It.”, Says Mary, the CEO of J. P. Morgan Asset Management Division.
Working in the biggest bank in the US, she efficiently handles investments made by other central banks, pension funds, various foundations and some of the wealthiest individuals of the world.
Well, that would be all the investment advice for today. Would you like to add some words of yours? Share in the comments.