I Hope He Got Value

Category: Finance, Currency Trading.

This applies to any type of business under the sun, especially to property and currency. There are several tips how to stay on the side of value: Doubling your stakes is madness.

Staying on the side of value, which is what bookmakers do, ensures that in the long run you are a winner. Remember if you flip a coin a thousand times and it comes up tails, the odds are still even money that it will come up tails the next time you flip it! You are not on the side of value. Conclusion: Investing lots of good money just to get back what you are losing plus a little profit, is making the risk is too high and the return too low. Keep away from deals like that, cut your losses, but if involved and stop as soon as you can. To keep on buying falling foreign currency in the belief that it is bound to go up any minute, is a similar kind of example. It is far better to wait for value when trying to recoup.

More chance to recoup will come, when the sentiment is showing signs to support the currency you bought. When it comes to housing, value comes into play again, whether if you are selling or buying. Value will be knocking on the door. If selling, value is found in investing a little to make the house look that much better. Many sellers think that it is silly to make improvements to a house they no longer want. Whatever amount you invest to make the house nicer, it will return back twice as much, and surely help to sell the property quicker. Yes, but they have to sell it first.

Not many lose in the long run on houses bought at sensible prices. If you are buying, the value is better when the prices are down rather than up. When the risk is big and the gain is big, there is no point in getting involved. When there is no risk and the gain is big, unless you are, beware a burglar. When the risk is small and the gain is big, in the long run you profit. You would think that all you have to do is to follow rule 3 to succeed. Very few people have that, hence they lose money.

Maybe so, but it requires one more thing which is, to have the rare ability to convince yourself to wait for value. If you cannot find value by yourself go to experts who can. Last time I heard, he married a rich old widow just in time to avoid financial problems. I used to know a fellow, who thought himself a dab hand at being able to always foretell foreign currency exchange trends, he was quite, but otherwise normal. I hope he got value.

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