Manage Your Money Like the Rich and Famous by Nick Travers

Author:Nick Travers
Language: eng
Format: epub
Tags: personal finance, college university higher education, common sense investing saving money management, debt budgeting money management, how begin saving investing small investor smaller, make money online technology secret internet, personal finance risk management strategy, rich successful millionaire famous
Publisher: Nick Travers

Three Not So Secret Secrets

So, the three secrets to managing financial risk for investors are:

1. Layer savings and investments into different timescales and risk groups.

2. Diversify investments as widely as possible.

3. Pool money with others, to break down investments into small packets to spread the overall risk of loss across the whole pool of investors.

Armed with these three secrets, we can now build our own financial strategy.

The big question, is how can this very effective investment approach, traditionally only employed by the rich and well-off with large amounts of money, be achieved by the smaller investor.

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