Promissory Note Investing Mistakes – Avoid Predictable Traps

No Short-Cuts to Good Investing

No expert, no computer program, and no rule book on investing can make all the right investing decisions all of the time. The basic truth is good investment decisions contain elements of number crunching as well as human reasoning. It’s important to understand that good investing comes from clear thinking, coaching, learning and practice. Acquiring investing skills requires a great deal of practice and training. As in every endeavor, what is fun for some is unsuitable for others. Evaluate your own preferences and dislikes along with your own available time. There is no one-size-fit-all investing plan.

Some of the most common mistakes investors make are

Being Emotional:

Making emotional investment decision is dangerous. When we shop for a dress, a suit, or a car our emotions are usually in charge. The color, the style, and the price are the primary considerations-as they should be. But, investment shopping is different. The key factors governing promissory note investing should be:

• the safety of our money
• the yield or return on the money
• and the return of our money

Making an emotional investment decision can have long-term negative consequences. Remove emotions and concentrate on the facts.

Being Impatient:

Note investing, like any serious activity, requires a great deal of patience. Conversely, making rash investing decisions can cause unnecessary losses and problems. Most of us have been trained by society to expect “instant gratification.” The truth is neither life nor investing work that way. Attempting to get rich quick usually has the reverse result-getting poor quick. Earning interest income every month and letting the earnings compound month-by-month and year-by-year produce surprising results. Albert Einstein (famous scientist) said that compound interest is one of the wonders of the world.

Being Unaware of the Difference between…

Source by Lawrence Tepper

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Promissory Note Investing Mistakes – Avoid Predictable Traps published first on http://www.noteseminars.com/
Promissory Note Investing Mistakes – Avoid Predictable Traps published first on http://www.noteseminars.com/