Every Investor has a different concept of investing. Many famous investors don’t agree on much, but they agree that making money in the market comes with some set of rules. Successful investors follow the Fundamental rule of investing they create for successful investment. If you want to consciously engage in investments, listen to the Investing Advice of people who have reached incredible heights in this field. It is time carefully craft investing rule for yourself to become a successful investor.
Investing Advice From Warren Buffett
One of his main recommendations sounds short. “Keep track of debts”
Another important advice from a billionaire goes against the philosophy of adventure lovers.
This recommendation emphasizes the importance of discipline and control of one’s emotional impulses in favor of analysis and common sense.
Strategic investments are not an easy task, as it might seem at first glance. Moreover, to learn this business from our own experience is very difficult, because this requires a huge amount of time. For this reason, do not underestimate the recommendations of professionals in this field.
Warren Buffett has repeatedly said that buying is not those papers that showed good growth in the short term or suddenly dipped relative to fair value, but those that can really grow strongly in the long term due not to market fluctuations, but to their own potential.
With this advice, the investor confirms the advantages of strategic investment – in the long run, such transactions are very weakly exposed to natural market fluctuations.
Buffett has always been a proponent of deliberate investment and has avoided diversification for the sake of diversification. For this reason, he recommends followers to invest only in those companies that are really interesting without spraying their capital.
Investing Advice From Donald Trump
The current US president was born in a non-poor family, but he was able to significantly increase his fortune, thanks to his own mind, due to which he can be considered a person whose advice should be heeded. Many know him as president, but before this post he was always one of the most striking and shocking billionaires.
Trump advises investing in long-term revenue generating assets, namely bonds and stocks.
Investing Advice From Eli Broad
A well-known American entrepreneur and philanthropist gave advice, which, in essence, can be used in almost any field.
Short-term trading, especially with leverage, can produce very unpredictable results. Because of this, it is very important when entering into transactions to take risk management seriously and not enter the position by all means that are in the account.
Investing Advice From Ray Dalio
Another American billionaire gives advice, especially relevant in the age of high technology and freedom of information.
Due to the widespread of various analytics, many traders forget that the responsibility for the success of their trading lies solely with themselves. Of course, it is necessary to pay attention to the opinion of reputable experts, but this does not mean that he needs to be blindly trusted – the best option would be to conduct your analysis.
Investing Advice From Bernard Arnault
French entrepreneur and his company Louis Vuitton Moët Hennessy had a hand in creating some of the most famous luxury brands in the world, making him one of the richest people on the Forbes list.
The importance of the company’s commercial success is hard to overestimate. However, if the founder is fixated on money, but at the same time does not direct forces to develop and maintain the competitive advantages of his enterprise, does not seek to bring innovations into his activity, his business will not have long-term prospects. It is necessary to conduct your business harmoniously.
Investing Advice From Jeff Bezos
An entrepreneur who, through the development of his business, has become the richest man in the world. He has earned more than $ 100 billion, which can really be considered authoritative, and his advice has a special weight.
Like Warren Buffett, Bezos seeks to analyze his activities in the long run, realizing that it is time that is the main assistant to a truly good businessman.
Investing Advice From Carlos Slim Helu
The Mexican businessman is well aware of the rules for dealing with money. He holds the title of the richest man in the world from 2010 to 2013. In his recommendations, he is laconic, but from this, they are no less useful.
Carlos never lived deliberately in a big way. Despite the fact that he made his first million at the age of 17, he is not in the ratings of the longest yachts, expensive cars or tall houses. Slim recommends that other businessmen, even during a period of success, not spend money on meaningless luxury, so as not to be left with nothing.
Investing Advice From Henry Ford
One of America’s most famous businessmen has always willingly shared the secrets and psychology of his success.
Ford recommends looking at other people’s points of view, trying to look at their activities from the outside, because it is in the synthesis of different views that truth is born in the end.
Advice From Bodo Schaefer
A lot of books have been written by the European financial adviser, the tips which were appreciated by readers. One of them, which determines the importance of the psychological attitude to the case, can be distinguished from others:
Schaefer talks about the importance of having the determination not only to start a business but also to bring it to the end. Subconsciously giving himself the opportunity to fail, a person puts less effort into his idea than necessary.
Advice From Robert Kiyosaki
One of the most successful authors of books of an economic orientation in his works gave many recommendations.