How the billionaires have done
Many large global companies today are run by some men and women who are billionaires but who were not born with that heritage. This applies to names like Bill Gates, Warren Buffet, Roman Abramovich and Michael Bloomberg.
The publication CareerAddict just published an article reviewing investment ten lessons that we can follow them.
1-Start investing early. The publication says that Warren Buffett, the second richest person in the world made its investment at 11 years old.
2-Invest in companies that you understand. Buffett explained that, for example, has not invested in Facebook, a company that is about 100 times larger than its own investment vehicle, Berkshire Hathaway. The Oracle of Omaha commented that failed to understand their business model so that the lesson we should learn is not putting money into companies whose activities do not understand.
3-Diversify: Do not put all your assets in a single investment, especially if it is money you earned working hard because if any problem occurs, it will have lost everything. It is best to invest in a wide range of markets. He says the publication of Abramovich has invested in football clubs, electronics, plastics and energy.
4-Respect the professional financial services. Return these experts to refer to Warren Buffett. The billionaire said that "Wall Street is the only place in the world where people drive a Rolls Royce to get advice from professionals who are underground." They claim that to be a good investor must respect and believe in his investment firm. You can have the money, they say, but they have the knowledge.
5-You should be prepared for when markets fall, because it can happen. At such times it does not become too emotional to losses and instead, if your advisor recommends it take to buy.
6-Invest in your education. Many of these dropouts billionaires like Bill Gates or Mark Zuckerberg, but say they have not done it on purpose, because in their cases had ideas in his head that were worth billions. Others, like Buffett do have college education.
7-Know it all on tax legislation.
8-never too late to invest.
9-There is a game, talking about a hard trabjado. Explain that to maintain our heritage we need to work.
10-Invest in philanthropy, as do most of these millionaires. Start a foundation or do anything that would serve to help others.