Your Money, your Risk!

It’s your Money, Know Who To Trust With It

Yes we all want to be wealthy right? We all want to live the life that most of us dream about, the life where we are forced into decisions because we financially dependent on someone else for the material things that “supposedly bring us joy”. Yes, I still insist that what will and does ultimately make us happy is more than just the amounts of cents and emalangeni that sit in our accounts daily. Our ultimate riches lie also in us being savvy in how we carry ourselves, the decision we make and how we execute on them.

Most investors (yes, I am now already calling you investors) do not really think about who it is that they are trusting with their money, who it is that is making them the promises. It seems that all that they concern themselves with is “what is being said – what is the Promise”

What most do not understand is this principle which has guide my life in all decisions that have been made

“It doesn’t matter what the Promise is, it doesn’t even matter how desperate you are to hear this Promise, all that matters is WHO IS MAKING YOU THE PROMISE”.

Remember the saying that “IF IT SOUNDS TOO GOOD TO BE TRUE, IT USUALLY IS”

So do not just hear the outcome that is being promised, look at who is making the promise, what have they achieved for themselves, what made them succeed if they tell you that they have, would it work for you, is it legal, is it sustainable or a get rich quick scheme that can blow up any minute?

 Be Passionate

I’m a mathematician by volition and should I now admit “by Passion”. I love analysis. I enjoy using abstract data to create or is it formulate solutions. I love comparing apples and oranges, yes – while admitting that they are different, I search for the probability that they may actually insight a similar reaction, may awake a similar sensation in me.

In essence, I take different objects, out them side by side, review their shape differences and sizes, and then make an informed decision based on quantifiable data on which is the best.

I hardly ever use “feelings – I know right, you wouldn’t think so listening to me go on about love and how beautiful it all is, how starry my eyes get as I look at him, hoiw weak my knees, and all else I have told you as a consequent of love. No, I do not JUST use feelings, but –

Feeling plus analyzed repeated actions for me are what build a Character, a life and of course wealth.

Hence

I have never understood why most of us want to hear rather than see. Why most of us believe in what he says, rather than get to know who he is.

 What am I saying therefore?

Before you consider investing with any fund manager, or bank it is your responsibility to learn much more about the organization; rather than just concentrating on the physical location of the offices.

After all, this is your money – your lifetime savings; your retirement you will be signing over.

Making an investment is more than just getting superior returns. It is also about forging a ‘partnering’ with the management, so to speak. It therefore becomes imperative for you to make it your business to enquire not just about the investment house or bank, but more importantly to also get to know the people selling you the product.

Are they good with clients, the service they offer – is it world class. Do they themselves hold any investments “practise what they preach so to speak”? Are they honest in their dealings or do they black mouth others in order to convince you to invest with them? Most importantly, it becomes imperative to know if they are professionals, they understand the product they are selling.

All these are crucial to enable you to satisfy yourself that your money will be secure the way you would like it to be.