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3 Huge Errors Videos

Name: Gold Goose Nest Egg or Syndrome: Which One are You Using?
Remember the narrative of the farmer who owned a goose that laid a golden egg daily. Blessed with such good fortune, they soon became impatient. The goose must certainly be made of gold inside so they chose to kill it and get all of the gold. Alas, when they cut it open they found no gold no goose and no more golden eggs. The moral of the narrative is the fact that shortsighted targets may create immediate results but at what price.
The financial markets have been a rollercoaster of action income trusts plummet, petroleum prices surge, TSX record high, Canadian Dollar up and down and up and down, and the same for gold. The one conviction in the stock exchange is the fact that when someone loses cash, someone else is making lots of cash. All investments have a measure of danger and it is how you handle your risk that establishes the rate and yield in your investment.
Lately, I've struck a spate of investments that hold the promise of excellent yields as well as the possibility to diversify my portfolio. Yet, these are high risk investments and the yields should reveal it. I do not even contemplate investments that offer high risk with average to low yields. I'm concerned in regards to the increasing variety of unsophisticated investors who consider they've made a shrewd investment selection whenever I hear the response to this question: have you got an investment strategy and are you really following it? The remarkable response is? Um, what strategy? No. Every investment you buy must have an entry strategy and an exit strategy prior to buying.
Yes, I have to confess it's tempting to make use of the gains from my property holdings to purchase investments I do not quite comprehend and that might produce a gain one day. When I do, I use my play money (the gold egg).