A Quote by Michelle Singletary
You shouldn't invest the money if you are looking to use it within five years. Too much risk.
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I told them that I would sign for five years, I would sign for 10 years, I will make my career here in Ring of Honor if you guys show me that you are looking to invest in me the way that I will invest in you. And the conversation, which I thought was going well, just randomly took a real hard turn.
The money has to be deferred with what they call "clawback," which means they can get it back if I lose it all. So that guy making ten million a year selling credit default swaps, if we're going to keep five million of it in escrow for ten years, and with the right to go back and get it, if he starts losing money, then we're going to give people the right incentives not too take so much risk.
Never, ever invest money that you will need prior to three to five years - minimum.
Don't be too much concerned about money, because that is the greatest distraction against happiness. And the irony of ironies is that people think they will be happy when they have money. Money has nothing to do with happiness. If you are happy and you have money, you can use it for happiness. If you are unhappy and you have money, you will use that money for more unhappiness. Because money is simply a neutral force.
The average American thinks billionaire investors are going to be right based on some talking head. They invest and they have no backup plan. Americans think these guys are giant risk-takers. The truth is they believe in taking as little risk as humanly possible, for the maximum amount of upside. They're looking for that spread of disproportionate risk-reward.
The second thing we did was said, OK, we've now identified the risk, but what do you want to do with the money? Because it's not enough to have risk; you've got to have a meaningful use for the money we give you.
I used to be a lawyer and I quit the practice of law to start writing and one of the reasons that I did that was I had an older sister who was too sick, who had breast cancer and it just got me to this moment of really looking at my life and saying what do I really want to do? What is really going to make me happy? Do I want to be sixty-five years old looking back and regretting not ever having taken the chance or the risk?
If you invest and don't diversify, you're literally throwing out money. People don't realize that diversification is beneficial even if it reduces your return. Why? Because it reduces your risk even more. Therefore, if you diversify and then use margin to increase your leverage to a risk level equivalent to that of a nondiversified position, your return will probably be greater.
Far too many of my peers were taken in by the jet-setting rock star lifestyle and didn't realise the money might not last forever - but I have always had an eye on the future and invest in a syndicate to share risk.
I'm a guy who likes to keep fighting five, six times a year, so if I ask for too much money, they might say, 'Well, we pay you too much. We can't let you keep jumping backwards and forwards and promote it.' The money I'm making is good to keep grabbing short-notice fights. I love them; they're my favorite ones.
Illinois has commonsense regulations on concealed carry permits. For example, if you had two or more D.U.I.'s within five years, within the past five years, you do not have the right in Illinois to obtain a concealed weapons permit.
Conservatives say if you don't give the rich more money, they will lose their incentive to invest. As for the poor, they tell us they've lost all incentive because we've given them too much money.
I'm often asked how to start investing with little or no money. Please hear this as this is the hardest thing for people to understand: you do NOT invest with money! You invest with your mind! No matter what the field, your biggest asset is your mind. Once you have knowledge, you find deals, find your team and use other people’s money. You sell the deal and your team to get investment money.
There was a lot of risk taken in the Mercury and Apollo eras, and we don't take those risks anymore. We've designed the systems to eliminate risk, which makes it take forever and cost too much money.
Money you know you need or want to spend in the next few years is savings. Money you keep handy for an emergency belongs in savings. Money you hope to use soon for a down payment on a house belongs in savings. And all savings belong in a low-risk bank savings account or money market account.
People come in. They are too gung ho. They invest too much money in things they don't know. They lose it and then they clam up and stop investing. Then they miss the actual boom. That's the nature of the market.
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