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Mistakes People make with their Money

Mistakes with Money 

Written by R. A. Stewart

Poverty does not just happen, it is the result of poor choices. That is barring unforeseen life events which can happen. I understand that others are forced into poverty for one reason or another. This article is aimed at those who have the means to make the most of the money they earn but choose to squander it. Here are their main mistakes.

1 They make poor life choices

The difference between the rich and the poor is because their choices in life are different. There is a stark difference between what a rich person and a poor person does with their discretionary spending money. All of those satellite dishes on council estates tell a tale. A rich person will find ways to invest their discretionary dollar so that it multiplies while a poor person will spend all that they have and more when you consider the consumer debt that they take on. It is also a fact that the poor tend to have more children and having kids does not come cheap, so this further compounds their vulnerable financial position.

2 They do not save 

People in a poor financial state do not save money. They fritter away their money with no thought for the future. Their financial situation is made worse because of their poor lifestyle choices. They borrow for stuff which is not essential to everyday living and spend money on things of no lasting value and this leaves them with nothing to show for their labors.

3 They do not invest

Wealth does not increase when money is not invested. Instead it loses its value due to the effects of inflation. Investing gives you a financial education and this leads to better decision making when it comes to money matters. This in turn leads to better financial outcomes for the future.

4 They do not take risks with their money

Investing involves taking some risks with your money but this does not mean speculating which is really just  gambling on some favourable outcome going in your favour. It is having a strategy of investing which enables you to make the most of what you have

5 They do not get financially literate

Lack of financial literacy is the number one reason why so many people are broke. Lack of ambition to rise above mediocrity is the main reason and there is little hope for the individual who lacks the will to improve their financial situation. I know that you are not one of those people otherwise you would not be reading this.

6 They hang out with the wrong people

People who are financially illiterate tend to spend too much time with like-minded people; those who have the same money mindset. “You are the average of the five people you spend most of your time with”. If you intend to be financially successful then spend more time with financially successful people. Read their books and pick their brains. Ask yourself, “What have I got to lose?”

7 They have a poor attitude

An attitude is something which every one has control over. No one can force you to adopt a certain way of thinking, you choose it and your circumstances have nothing to do with it. Having a good attitude will take you further than a bad one so you had better take responsibility for your own thinking and adopt a good attitude to financial affairs. I have heard all kinds of excuses why people have not joined a retirement scheme or have saved money. The real reason why they come up with excuses is that these people are unwilling to give up whatever it is which they are frittering their money away on. 

If your financial affairs are in a poor state then it is likely that you will have to make some changes. A budget advisor may be needed, but not necessary for if you just paid a visit to your local library then you will find some good books on personal finance which will help you.

About this article

The contents of this article are of the opinion of the writer and may not be applicable to your personal circumstances, therefore discretion is advised. You may use this article as content for your blog/website or ebook.

Read my other articles on www.robertastewart.com

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The Benefits of Investing from a Young Age

The Benefits of Investing from a Young Age

Written by R. A. Stewart

To start your journey on to financial prosperity it is crucial that you start young if you want to get the full benefits of time. Here are three benefits of investing while you are young. This does not mean that investing when you are older will not have its own benefits. Investing money at any age will be beneficial and is better than having no savings whatsoever.

Here are the main benefits of investing from a young age.

  1. Time is your Friend

When you are young you are able to make time work for you. Money invested in the correct funds will multiply and increase its value. This is called compounding and it can really increase your wealth. Not only will your original investment keep producing a profit for you but the profits whether, that is from interest or dividends will be added to your original deposit and it too, will produce a profit for you.

  1. More Time to recover from financial setbacks

The markets can be volatile with shares going up and down like a yoyo, but with the benefit of time, young people have time on their side to ride out the storm. That does not mean that people who are just retired should not invest in the share market but rather they need to ask themselves this question, “How will the loss of this money affect my lifestyle?”.

It also does not mean that young people should invest all of their money in the share market. It all depends on what the money is going to be used for. If you need the money in the short term then you need to be a little bit more conservative with your investing.

The case I am making for the young ones to be a little more aggressive with their investing is that they may not be retiring for another forty years, therefore, taking advantage of capital gains which the share market offers can pay off.

3.It is better to make your mistakes early in life

People tend to make most of their mistakes early in life. That is no surprise since lack of experience often leads to errors of judgement, but as far as investing money goes, there are advantages in making your mistakes early in life. One is that you have fewer commitments, therefore, a mistake which can result in an investment going down the gurgler will not affect your lifestyle as much as it would for a person who has a family. Investing mistakes made early in life can be used to make better judgments in future. 

Investing early in life will enhance your financial literacy and will your whole life ahead of you, there are opportunities to grow your wealth so grab it with both arms.

  1. More disposable income

As a young one you are likely to have more disposable income than someone who is older and with more commitments. If you are sensible, then investing your money will help grow your wealth. You are also likely to be in a position to take more risks with how you are investing your money, but that does not necessarily mean speculating on something which is a bit dodgy, but rather, taking some calculated risks.

  1. Habits formed early will make and break you

Developing habits which add value to your life and others will make and break you. One of these habits is the habit of saving and investing. These days it is easy to start a financial portfolio with so many investing apps available. It is just a matter of choosing one which is the right fit for your investing objectives. It is also important to set goals which align with your values and not be influenced by what your colleagues at work or your family say. It is your life and you are the one who has to live with your decisions so use the brain which God gave you and you will be better off in the long run. By all means, take note of financial advice as you will find in the business section of the newspapers but learn to develop the ability to discern whether advice is good or bad. Associate with people who have common sense. As the proverb says, “He who walks with wise men shall become wise, but a companion of fools will be destroyed.”

About this article

The contents of this article are of the opinion of the writer and may not be applicable to your personal circumstances, therefore discretion is advised. You may use this article as content for your website/blog, or ebook.

Read my other articles on www.robertastewart.com

 

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How to Start a Sharemarket portfolio from Scratch…

How to Start a Share market portfolio from Scratch…

Even if you have never invested a dollar

Written by R. A. Stewart

You are a beginner to investing and want to know how to get involved in the share market and don’t have much money to invest.

My advice is firstly to ensure you have set up a pension scheme with your employer. This will help make money retirement easier as far as finances goes. Anything else you invest should be treated as strings to your financial bow.

Here is my advice to investing novices. 

There are two ways for you to drip-feed your money into the share market. They are:

  1. To join a managed fund type of investment. This is a fund where your money is combined with the money of other investors. The fund manager invests in the share market on your behalf. This minimizes risk because funds invested in this way are spread across different asset classes, something which is unobtainable for most investors unless you are already financially well off.
  2. To sign up with an online investing site where you are able to drip-feed money into the share market. Do your research into the various platforms. Popular ones are robinhood in the USA and sharesies in Australasia. 

Two pieces of advice which financial experts will tell you is “Do your research and diversify.”

It helps if you are familiar with the industries and companies you are investing with. I use the online platform “Sharesies” which is based in New Zealand. My strategy is to choose one company per year and drip-feed money throughout the year into this one company. I chose New Zealand based companies, all of them household names. I have already decided the following year’s company to invest in by Christmas.

I have invested in a range of companies such as Genesis Energy, Spark, Fontierra, Fletcher Building, PGG Wrightsons, and Contact Energy. All are well known brands.

It is important not to get too greedy. The internet is full of stories of people who got rich investing in this or that and made a killing. This has to be treated like a grain of salt because for everyone like that, there are countless others who tried the same thing and failed.

Greed often gets the better of people and the one who made the killing will often end up giving it all back.

The share market rewards consistency and persistence. Make sure you are in the right fund for your risk profile and your goals. If you are drip-feeding money into the share market like I am doing then it shouldn’t matter how the markets are performing. Just keep investing and let time be your friend. After all, investing with an online app is just another string to my financial bow.

You should invest in the share market with money that you cannot afford to lose is a piece of advice I have heard time and again. The main question before you invest in something is, “How will the loss of this money affect my lifestyle?” 

I would not recommend that you invest in growth funds if you need the money within a year or two because the markets may drop just as you are about to withdraw the money.

It is important to be sensible and strategic with your investing and just as important to keep a cool head otherwise you may end up with burnt fingers.

About this article

The opinions expressed in this article are of the opinion of the writer and may not be applicable to your personal circumstances, therefore, discretion is advised. You may use this article as content for your blog/website, or ebook.

Read my other articles on www.robertastewart.com

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Don’t just hoard your money-put it to work

Written by R. A. Stewart

Saving money is a good habit to get into; it will put you in a better position to thwart some of the unforeseen setbacks which life has in store for us. It will also mean that you are able to pay for those major items in life which will crop up such as, a car, wedding, kids,or  retirement. This all requires vision. Planning for those things which are unseen but will likely occur in the future.

A person with no vision will spend their money without any thought for the future; they live for today as though tomorrow does not exist.

Saving money is one thing but investing is another thing altogether. Investing your money can multiply your wealth and help you to achieve your goals faster.

Investing needs to be strategic. Most importantly you need to know whether what you are saving for is short-term, medium-term, or long-term.

Your rainy day fund is considered short-term because you could need the money anytime, whether that be for car repairs, insurance, dental or medical bills.

Saving for a car can be considered short or medium term depending on how long you have given yourself before you are buying a car. 

Your retirement fund and saving for a house deposit are considered to be long-term savings goals.

Here is a breakdown of Short-term, medium-term, and long-term goals.

Short term is under one year

Medium-term is one-five years

Long-term is more than five years.

This determines your risk profile but you can fall into more than one category depending on what your savings goals are.

Your rainy day account is money which should be invested conservatively such in an ordinary savings account or a conservative fund in say sharesies or robinhood.

You’re saving for an overseas trip or car within five years in the medium term so you could consider having that money in a conservative or balanced fund.

Your retirement fund is considered long-term so that money could be in a growth fund if you can stomach the volatility of the markets.

As an investor you can fall into all three categories.

There is another category which I will include here and that is discretionary money, but if you are planning to save for something special then you can simply redirect your discretionary spending money into whatever you are saving for.

What you spend your money on is what takes priority in your life. It should not be at the expense of your future plans. If you are spending all of your discretionary money on your hobbies but have nothing to show for all of the money you have received from whatever source your income comes from then there is a problem. 

It all boils down to choice and how you manage your money. It is not how much money you make which determines your financial outcome but what you do with what you make.

With the right financial strategy in place you can weather some financial storms which may come along. As for investing, if you choose the correct investments for your risk profile then what the markets are doing will not be an issue. Don’t let the possibility of loss scare you off investing. You need to be an investor if you want to grow your wealth.

About this article

The opinions expressed in this article are of the writer and may not be applicable to your personal circumstances, therefore, discretion is advised. You may use this article as content for your blog/website, or ebook.

Read my other articles on www.robertastewart.com.

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9 Things you should never borrow money for

 

Written by R. A. Stewart

There are some things which you should never borrow money for because they are considered to be bad debt. The reason why they are considered to be bad debt is that they do increase your wealth but rather decrease it. The value of the item which has been purchased with borrowed money decreases over time. 

Another thing which you should not borrow money for is risky investments which may or may not make you rich but also have the potential to send you to the poor house if the value of the investment plummets. Purchasing crypto currency is a classic example.

Here is a list of items you should never borrow money for.

  1. Cryptocurrency

Only discretionary spending money should be used for purchasing cryptocurrency because of its volatile nature and that nobody really knows what the future holds for crypto. The problem with borrowing to invest is that the liability (the loan) is sometimes more than the value of the investment. This occurrence is on the cards if you borrow to purchase Bitcoin and then the price of Bitcoin crashes.

It is exactly what happened to a lot of investors after the 1987 sharemarket crash. One man in our town borrowed money for shares using the equity in his home and when the market crashed in 1987 he was left with a debt.

  1. A wedding

A wedding is something you should never borrow money for. If a couple cannot even afford to pay for their own wedding you have to question whether they can afford to get married at all. A debt is a bad start to a married life that couples can do without.

  1. An overseas holiday

This is just dumb debt! Taking a holiday with someone else’s money is just irresponsible. There is nothing to show for the money apart from a debt which will be made to get ahead.

  1. A wedding ring

Another thing which is a no go area for borrowed money. If a person cannot even save for a wedding ring then getting married is not a wise decision. If the recipient of the ring expects something expensive then you have to question her motives. This is something that needs to be discussed between the families involved. 

  1. Gifts

Thousands of people go into debt at Christmas time and most of it is spent on buying gifts for others.  Advertisers encourage people to spend, spend, and spend more money and very often it is borrowed money that is being spent. No one should be pressured into spending money in this way or anything else for that matter. If you are then you can always plead poverty to your family.

  1. A new car

Borrowing for a new car is a complete no no because once you take possession of the car its value has dropped considerably and the vehicle is worth less than the amount owing on it. This is called “Dumb Debt.” If you cannot even save for a vehicle then you have to ask yourself this question, “Can I afford to run a vehicle?” The costs of keeping one on the road will drain you of your finances like nothing else will.

  1. Electronics

This is a complete No No as far as borrowing money for. Electronics such as TV sets, radios, smartphones and the like are stuff that you only buy with your discretionary spending money. Follow this rule, “If you don’t have the money you don’t buy it.”

  1. Hobbies

This is something you only do with your own money, not someone else’s money. Some hobbies can pay for themselves, such as stamp collecting. If you are able to swap with other collectors or even sell some surplus stock it can at least be self funding. Other hobbies can cost you an arm and a leg and be a hindrance to your financial goals.

  1. Vet bills

Keeping pets is not cheap and becoming too attached to them can be costly. Many people have spent a fortune on vet bills for their cat or dog when the sensible thing to do is to have it put down.

“If you don’t have the money you don’t buy it” is a good rule to live by. It is called “Living within your means.”

About this article: You may use this article as content for your blog/website or ebook. Feel free to drop me a message and give me other things which you should never borrow money for. Read my other articles on: www.robertastewart.com

 

The Benefits of Having a Travel Card

A dedicated travel card makes trips smoother and more secure. Unlike regular debit cards, travel cards often offer competitive exchange rates, low foreign transaction fees, and multi-currency support—saving you money on conversions.

If lost or stolen, travel cards can be frozen instantly via an app, protecting your funds without affecting your main bank account. Many also provide emergency cash replacement and 24/7 support.

Preloaded with a set budget, travel cards help control spending and avoid overspending. Some even offer rewards or insurance perks. For worry-free travel, a travel card is a smart financial companion.

Join Wise Here

https://wise.com/invite/dic/roberts10486

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Your investing risk profile and what it is.

Written by R. A. Stewart

Your risk profile is the level of risk you can take with your investments based on your personal circumstances and your timeline.

The number one question to ask before deciding where to invest your money is, “Will the loss of my capital affect my lifestyle?”

Here is an example of how this may occur. 

Suppose you are saving for a car and you decide to use an online investing platform such as sharesies or robinhood to save for that car. You also decide that you will invest your money in growth funds and your savings are going well for a while and just when you are a month away from  purchasing your car, the market takes a dive. (as it has after Trump imposed tariffs on imports).

Your planned purchase of that car now has to be put on hold which has affected your lifestyle.

On the flip side of this is that you can purchase more unit trusts than previously so that when the market rebounds your savings will grow faster.

There are three options when investing in managed funds; growth, balanced, or conservative. 

Growth funds have the most potential to grow your money but they are also the fund with the most risk.

Conservative funds are the safest option but they are also the least profitable.

Balanced funds are a combination of growth funds and conservative funds.

Your risk profile will determine where you are going to invest your money and this is dependent on when you need the money.

This can be classified into any one of three categories:

  1. Long-term money
  2. Medium-term money
  3. Short-term money.

It is possible to fall into more than one category as an investor depending on when you need to access your money.

For example: Your retirement fund if you are young is classed as long-term money, but your rainy day fund is short-term money.

Long-term money is money needed after five years.

Medium-term money is money needed between 1-5 years

Short-term money is money needed within a year.

Long-term money may be money saved for a house-deposit or your retirement.

Medium-term money might be money being saved for an overseas holiday or a vehicle.

Short-term money might be money being reserved for unexpected bills which crop up or an overseas holiday you intend to take within twelve months.

There are so many investing apps available these days that setting something up for a specific savings project is a simple process.

The current share market falls should not be much of a concern to investors who are in the correct type of funds. Your financial plan has to consider the worst case scenario of a share market crash. Hopefully, a 1987 Black Monday type of crash will not happen.

About this article

This article is of the opinion of the writer and may not be applicable to your personal circumstances, therefore, discretion is advised. You may use this article as content for your blog/website/ebook.

Check out my other articles on www.robertastewart.com

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Dead Money will cost you

What is dead money?

Written by R. A. Stewart

 

What is dead money?

It is money which is spent on something which does not provide anything of value to you.

Interest paid on consumer debt falls into this category. It is dead money because interest does not provide any tangible value to you. Some may argue that interest paid on a mortgage on a property provides some value because the value of the property increases at a greater rate than the interest on the mortgage.

A fair point but falling house prices have meant that some houses have negative equity on them. All the more reason for you to reduce that mortgage as quickly as possible, more so when the mortgage interest rate is low.

Dead money can also be money which is locked away in an investment for very little return. An example of this is money just simply left in a savings account for a period of time. Inflation and the tax payable on the paltry interest means that your money is losing its value over a period of time. The only money which is left in an account such as this is money which is needed in the short term.

Just stuffing your money under the mattress is another form of dead money for the same reason as leaving it in a low interest account and this is because it is not earning any money.

If you think that just leaving money lying around is foolish enough most people own stuff which is worth money and if this was sold the money could be earning an income through shares or other investments. Most people own stuff which can be converted back into cash and put to work for them. Anything which is no longer needed and is just gathering dust fits this category.

It is important to know the difference between an asset and a liability. An asset increases your wealth but a liability is a drain on your finances.

Some investors consider the equity in their home as “dead money”. It all depends on where you are coming from because there is a clear choice between having equity in your home or having a debt. I recall someone told me years ago that he knew someone who took out a mortgage on his home to purchase shares then Black Monday took place. For younger people, the 1987 sharemarket crash which occurred during October of that year was named “Black Monday.”

After the crash his shares were worth a lot less than the loans owing on them. 

At the end of the day that is the risk with investing for capital gain and investors must weigh up the risks of losing their capital against the likely rewards. 

If you have some spare cash lying about doing nothing and you are wondering whether or not you should invest it in something risky but has the potential to grow the one question you should be asking is “What is this money for?”

Only then will you know whether this is money you should be taking risks with.

About this article

This article is the opinion of the writer and may not necessarily be applicable to your personal circumstances therefore caution is advised. You are welcome to use this article as content for your website/blog or ebook. Feel free to share this article.

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Book Review: The Barefoot Investor

Book Review: The Barefoot Investor

Written by R. A. Stewart

A personal finance book which is worth a read is “The Barefoot Investor” by Scott Pape. This book is practical and down to earth. It is written in a way that is easily understood.

Some of the things covered are strategies for using your money  to grow your long-term wealth, having a safety net, and having some splurge money, or as it is often called, “discretionary spending money.”

These three types of money are what he describes as buckets.

Another section of the book explains the mistakes made by home buyers; they are:

1.They are waiting for a crash

  1. They rent but forget to save
  2. They buy a house they cannot afford
  3. They buy an investment property first.
  4. They don’t consider other options.

You cannot plan your life around something which you have no control over, the author says in reference to number one. Various websites publish articles about the crash which is about to hit the housing market. Pape claims this to be clickbait to attract visitors to their websites.

Mistake number two is renting but forgetting to save. Such people live from one payday till the next and have nothing to show for their labours.

Many people who did have the self-discipline to save make the mistake of buying a house they can’t afford, and then to compound their financial struggles, kids come along. Such people are sometimes referred to as “The Squeezed Middle.”

Buying an investment property first with the intention of moving in later on. The advice given in the book is, if you want a family home, to save up and purchase one.

People who have given up the notion of purchasing their own home sometimes lose heart and instead of saving money will instead fritter it away so that they have nothing to show for their labours.

Scott Pape writes in a down to early style which makes the book easy to understand, making finance less intimidating for beginners. 

A feature of the book is that Pape encourages everyone to have a healthy relationship with money which does not mean living in deprivation. 

The book focuses on Australian financial systems and this has to be adapted to your own country’s local context.

If you want to improve your financial literacy you will enjoy reading Barefoot Investor; this book will steer on to the right path toward a more successful future.

Read my other articles on www.robertastewart.com

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The cost of a high lifestyle

The Cost of a high lifestyle

Written by R. A. Stewart

There is a huge cost attached to living a luxury lifestyle and this cost will be felt sometime into the future. It is when some of life’s big ticket items will crop up and unless you are prepared for them you will most likely end up borrowing to pay for them. This means that you will be paying interest for such items which means that you will be paying more for them than you should.

I remember as a teenager we were helping a neighbouring lifestyle farmer build a cattle yard. The farmer’s name was Jack, an Irishman. He wanted the cattle yard to look nice but Dad said to him, “There is no profit in having a cattle yard that looks nice.” 

On another day, we went out to Jack’s place to spread fertilizer. It was superphosphate. Dad, my brother Jimmy, and I were there and Dad said to Jack, “I have three fertilizer spreaders in the back of the van.” Jack with a curious look on his face, replied, “Let me see them”.

Dad opened the van door to reveal three shovels. Jack saw the funny side.

We then went about spreading superphosphate around the paddocks.

Why spend more money than is necessary on whatever task you are involved in.

Years ago I was working in hospitality in one of New Zealand’s tourist hotspots (Franz Josef Glacier) when the Head chef drove to the hotel we were working at in a brand new car. A colleague told me that he had bought it for $20,000. My response to that was, “If that was me, I would have bought the cheapest car and invested the rest of the money.

There is a cost of living a champagne lifestyle on a lemonade budget and that cost is financial problems later on down the track. Sooner or later, big ticket items will appear in your life and these will sometimes cost you thousands of dollars. A new car, marriage, followed by children, house deposit, dental and medical bills, and retirement.

Sensible people will prepare for these things by saving a portion of their money every week and investing it in the appropriate funds.

Some people on a good salary spend every single dollar or pound they make living the kind of lifestyle that impresses other people. A flash car, flash clothes, nights out, and have little or nothing to show from working at their job.

All of this because they were living beyond their means. Learn to live modestly and life will be easier for you. This all starts when saving money becomes a habit. That money invested will grow your wealth and when life’s big ticket items comes along then you will be in a position to pay for them rather than borrow.

About this article: You may use this article as content for your website/blog, or ebook. 

The opinions expressed in this article are from the writer’s own opinion and may not be applicable to your circumstances therefore discretion is advised. Read my other articles on www.robertastewart.com

 

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Your Financial Risk Profile

Your risk profile is your tolerance to risk when you are investing your money. Your personal circumstances are what determines your risk profile.

To boil it all down to one factor, your timeline is the big factor to consider. If you are young, in your twenties or thirties then you have more time to recover from a market meltdown than someone in their sixties.

This does not necessarily mean that the young ones should invest all of their money in high-risk high return stocks because you could be in your twenties and have a short to medium timeframe with your investments.

It all depends on what you are going to use the money for.

Split it up in three categories:

Short term money is when you need the money for emergencies and everyday living expenses.

Medium term money is when you need the money within 5 years

Long term money is when you do not need the money for more than 5 years

Short term money

Rainy day account

Every day expenses

School fees

Medium term money

Saving for a car

Saving for an overseas holiday

Long term money

Saving for a mortgage

Contributions to your retirement fund

There has never been so many opportunities for the ordinary man and woman

 in the street to get involved in the markets with so many investing apps available.

You can invest in direct companies or in managed funds.

The latter is recommended.

Managed funds come in three categories:

Growth Funds (long term)

Balanced Funds (medium term)

Conservative Funds (short term)

Growth Funds have the most potential to increase your wealth but you have to be patient because investing in the share market is a long-term game.

Balanced funds are a combination of Growth and Conservative Funds.

Conservative funds are less volatile than growth or balanced funds but they have less potential to increase your wealth apart from just keeping ahead of inflation.

Once you have established your timeline for when you need the money then you can choose the appropriate investment.

One thing to add here is that if you have a rainy day or emergency account then this money is best left in an ordinary savings account at your local bank rather than invested in a conservative managed fund and the reason for this is that fees are higher with managed funds than at your local high street bank.

As already mentioned, your age is a factor in your risk profile but does that mean retired people should not invest in growth funds? Not at all, as long as you’re prepared to stomach any market meltdowns which could see your nest egg dwindle. People are living longer these days so a person retiring at 65 may have another 20 years of life ahead of them.

That being said; it is important to enjoy all of the things which money can buy such as life experiences and not just hoard your money for the sake of it.

Every one’s personal situation is unique, and a strategy needs to take all of this into account. Setting goals which are your own is important and not just trying to follow what others are doing. They have their own life to live, and you have yours. 

I am not saying that you should ignore sound wise advice, but rather listen and use your own sound judgment.

Taking responsibility for your own choices in life applies to your finances as well. Obtaining advice on where to invest is not a license to use your advisor as a scapegoat if your investments are not doing as well as you had hoped. Investing requires patience and time.

About this article: You may use this article as content for your blog, website or eBook. This article is of the writer’s opinion and may not be applicable to your personal circumstances therefore discretion is advised.

Read my other articles on www.robertastewart.com