Let’s start this post with this update. I think it is valuable to learn from other people’s lessons in investing. There are a few important takeaways from reviewing this:
1) No one knows where with absolute certainty how a market will move.
2) Given enough time, you might be right on trade direction.
3) You should have some type of exit strategy planned for any investment you make.
4) If you become too large in a given market, your position can influence the ultimate price and if you are too vocal about it, you may come under the scrutiny of regulators.
At NursingMoney.com, we do not condone an all-or-nothing approach to holistically growing wealth, in fact the idea is the complete antithesis to what we teach. While specific strategies within our Tier 4 assets may entail very high risk, in the big picture we only risk a small portion of the whole in order to potentially produce outsized profits. This principle of money management is extremely important to understand to your long term success.
Growing wealth is not a get rich quick scheme. And, if you do happen to find yourself on the receiving end of a large windfall, you can still use our education to help you keep those assets growing.