Risk: How much to take and when to take it. Mobile Money : No risk no reward. Never bet what you cant loss. Great risk brings great reward or great loss. Do not fix what is not broken. Mobile Money Rules of Risk: 1 - ALL investments have Risk. 2 - Understand Rule 1. 3 - Make investments based upon facts, rational, a timeline, and with expectations inline with achieving wealth goals. 4 - Maintain or Decrease risk, if behind or at the projected wealth value for achieving wealth goals. 5 - Take increased risk only with the wealth that exceeds the present projected wealth for achieving wealth goals. 6 - Set independent goals for increased risk investment(s) and invest. 7 - Separate increased risk investment(s) from all else, to maintain investment core for achieving wealth goals. 8 - Upon the increased risk investment(s) reaching their goals cash out a third and incorporate everything into the investment core 9 - Reevaluate and set new goals along with risk tolerances. 10 - Follow rules sequentially, repeatedly, and continuously.
Posted on: Mon, 10 Mar 2014 12:30:00 +0000
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