Jerry Fetta – Invest In What Works
Investing is an exciting topic right now! We have bitcoin, the stock market is at an all time high, real estate is up, and there seem to be so many opportunities. Yes it’s all exciting, but the truth is investing should NOT be exciting. Investing is a long, boring, and redundant process. Why? I’ll explain!
When something works, we economize and reinforce. I was asked if I was investing in bitcoin yesterday. My response was that I’m not going near bitcoin. Does that mean it’s a bad investment? Not necessarily. Some people are apparently making money at it. My view with investing is to dial everything down to its most basic level and look back at statistics. So when I look at Bitcoin, I see a new technology. That’s basically what it is at a very high level. Historically, technology will increase in value, become euphoric, turn into a bubble, crash, become regulated, and then be sustained through a series of government enforced checks and balances. Most of us are not historically tech investors. So what that means is we need to look at our own track record of money making, find out what has worked for us, get rid of distractions, and then strengthen that thing. This doesn’t include jumping into a new shiny object.
Investing should be for income and income is boring. A good investment is one that will be relevant in 20 years and pay you income the entire time you own it. Practically that means it will be a staple investment, you will buy it once, and hold onto it forever. There’s not a lot of variance to that model. Is that exciting? No. Is that profitable? Yes!
Smart investors often do the opposite of the “masses”. Warren Buffett talks about being greedy when others are fearful and being fearful when others are greedy. An intelligent investor stays away from shiny objects because the shinier the object, typically the worse an idea it is. Do what others aren’t doing and stay away from what others are doing. This is generally applicable almost always in the investing world.
The truth is, investing is a long, slow process. You will not get rich TODAY as an investor. You will get rich for certain in a few decades. To make money TODAY you must know how to sell. The speed of money is much too slow when it comes to investing and that means if we want money to move faster we must be able to sell and create income. If you’d like to learn about how to invest, how to sell, and create wealth click here and speak with one of our coaches!
Own Your Potential,
Jerry Fetta is a husband, son of Yahweh, Entrepreneur and owner of 5 privately held businesses. Jerry lives in Alaska with his wife and 2 dogs. His no-nonsense approach to business, finances, and life speaks truth and provides clarity to his clients and followers. His personal mission in life is to empower millions of leaders to own their God-given, ultimate potential.