Investment Lessons Learned From Warren Buffet

Most people try to invest and make money but they often end up suffering losses as they make the same mistakes over and over again. Wannabe investors should try to learn and emulate the mind sets of rich people such as Bill Gates, Mark Zuckerberg, Michael Dell and Warren Buffet. Let us focus on Warren Buffet, who has been described as the best investor on the planet. These are some of the investment tips he sticks to:

1. Developer your investment mindset

Not all people are business oriented but we can improve our business minds by reading business related books. Warren Buffet invests a lot of his time studying business-related books.

2. Practicing patience in your investments

Whenever Buffett buys a stock, he buys into the company. This means he doesn’t sell the stock at every market boom or bust. He believes in the companies that he invests in for the long term and holds on to stocks until he longer believes or sees value in these companies. One of Buffett’s celebrated quotes, which illustrates his inclination for long-haul investments is, “Regardless of how awesome the ability or endeavors, a few things simply require significant investment. You can’t create a child in one month by getting nine ladies pregnant.”

3. Prioritize value

Sometimes, the amount we spend on something and the value we get from our purchase don’t relate. Buffett believes that investors need to understand that markets are driven by supply and demand and that buying into a company with solid growth during market down-turns are great opportunities to gain value. Buy a good stock at a great price.

4. Check your emotions when investing

Human emotions influence the market considerably more than any monetary model. Emotions can make people hopeful for something that has never happened or rarely occur. Buffett has recommended that controlling your emotions is considerably more imperative than your IQ. According to him, “Accomplishment in investing doesn’t associate with IQ. What you require is the demeanor to control the urges that cause other individuals harm in investing”.

5. Invest in what you are knowledgeable and passionate about

Buffett exhorts that you “never put resources into a business you don’t get.” Don’t put money into companies whose business you don’t understand.

If you don’t have adequate information about a company, it is much more difficult to understand how a company will perform in the long run and foresee what the company will become a couple of years down the line.

6. Live below your means

Despite a net worth of $87 billion dollars, Buffett lives in a shockingly unassuming home. He purchased his current home in Omaha, Nebraska for $31,500 in 1958 and, today, he calls it the 3rd best investment he’s ever made. Rather than wasting money to live lavishly, Buffett lives frugally and has reaped the benefits.

7. Save first then spend the rest

People tend to pay bills first, spend the rest, and save for last. According to Buffett, this is the wrong approach. Buffet prescribes that you should put aside a set amount of money each month as savings first, then pay your bills, then spend whatever is left over after paying bills.

8. Remember your roots

When he was in middle school, Buffett found a job as a paperboy delivering The Washington Post. He expanded that early activity into a deep-rooted association with the daily paper. Years later, his company, Berkshire Hathaway, became The Washington Posts’ biggest investor. Remember where you came from, your values, and you may discover unique opportunities for great investments.

What You Need To Understand To Invest In Real Estate

Investing in real estate scares some people. Understanding just what will happen when you invest, and even how to do it, can leave most people bewildered. This article’s been assembled to supply you with the some easy, but effective tips on entering the exciting field of real estate investing.

Remember that real estate investing is all about the numbers. When you’re buying a home to live in, you may get emotional about the place, but there’s no room for that in investing. You need to keep your eye on the data and make your decisions with your head, not your heart.

Do not be afraid to spend money on marketing. It is easy to just focus on the numbers and get fixated on how much marketing is costing you. However, it is important to think of the marketing as an investment in and of itself. If done the right way, it will only benefit you in the end.

Keep an accountant on speed dial. You can be aware of tax laws and current taxation; however, there are many variables to keep in mind. A good accountant, that understands and keeps abreast of tax laws, can be an invaluable asset. Your success with investing can be made or broken by your approach to taxes.

When negotiating, you should limit the amount of talking you do. You will be surprised at how often someone will do all the work for you just by letting them speak. Also, because you are listening, you will catch the right moment to strike for the price you seek.

As you look for investment properties, seek those that are likely to grow in value. Purchasing anything near water or close to other businesses will be beneficial to you later on. Think about the big picture and the chances its value will increase.

Don’t let your emotions cloud your judgement. Choosing a property to invest in should be a business decision, not an emotional one. It can be easy to get attached to a house or really fall in love with a location. Try to always look at things objectively. Shop around for the best deal without getting attached to one of the first few places you look at.

Find a contractor to work with that you can get along with. There’s no reason to get someone to help you with fixing up the real estate you invest in if you don’t like how they operate. You can save yourself a lot of frustration if you just find someone that you know will work well with you.

Stay away from deals that are too good to be true, especially with investors that you cannot trust or do not have a good reputation. It is important to stick with those who have a good reputation because getting ripped off in this business can cost you a lot of money.

Build your real estate investment buyers list with online ads. For example, you could use social media, online ad sites such as CraigsList and/or the local newspaper to draw attention to the properties you have on offer. Be sure to retain contact information for every person who shows and interest so you will have a well-rounded contact list as you accrue new properties.

Know the value of your time. You may enjoy renovating properties, but is the time you’re spending on it time well spent? Consider if you could better spend your time by searching for the next opportunity. If you are able to outsource certain jobs, then you should do so. It’s worth freeing up your time for the more important aspects of your business.

Don’t buy property in a bad neighbourhood. Pay close attention to where a property you are interested in is located. Make sure you are very thorough when looking at the area. Homes in bad neighbourhoods are often low-priced. The property could be at risk for being vandalized and may be hard to sell.

If you are thinking about purchasing rental properties, consider hiring a property manager who can help you screen qualified tenants. Because rental payments are likely to be the source of your mortgage payment, your tenants need to be reliable. Otherwise, you may end up losing money.

Before you buy investment property in a neighbourhood, find out if the city has anything planned for the areas surrounding this neighbourhood. For example, you would not want to buy in an area if the city proposed to turn an area into a landfill. If there are positive improvements on the horizon, this may be a good investment.

Don’t let a real estate investment deplete your emergency reserve or cash fund. When you invest in real estate, you’ll often not be able to access the money for a while. Don’t let this situation destroy your ability to live from one day to the next.

Know what you should be looking for in a property based on current trends in the market. For example, if you’re going to rent out the properties you buy, then it’s best to have units that are for single people, which is a current trend. Another example is to ensure any home you buy has three or more bedrooms because it will be easier for you to sell or rent to families.

How To Identify Rare Comic Books

Among all of the worldwide categories of collecting, comic books are relatively new. At one time, only kids were interested in reading them for entertainment. In June 1938, Superman, the first superhero appeared in Action Comics #1, most kids were attracted to the man dressed in blue and red holding up and crashing a car above his head. Suddenly, a run of other types of superheroes had most kids paying a dime to buy one. If they had a dollar, they could have bought ten books with zero tax. However, kids read them up to a certain age and their mothers generally threw them away, which is a shame because they would have been valuable.

So, can comic books still be lucrative investments? Absolutely. This is why so many serious collectors wish they had time machines, so they could go back to the past to buy those good oldies. They could imagine getting their hands on Action Comics #1, or Detective Comics #27(the first appearance of Batman) and selling them for millions of dollars today. However, collectors must put fantasy aside and look to more recent and possibly less expensive prospects.

What kind (genre) of comic is it? For this article, I refer to the most popular superheroes. Although they are usually worth more than other genres that include: Cowboy; Romance; Famous Cartoon characters like Disney, Warner Brothers; War; Comedy and others.

Period: Comic books belong to different “ages”: “Platinum Age”(Printed on or before 1938); “Golden Age” (1938-1955); “Silver Age (1956-1969); “Bronze Age” (1970-1981); “Copper Age” (1981-1991).

Is the book “DC” or “Marvel”? Some better known DC superheroes include Superman, Batman, Robin, Wonder Woman, the Flash, and Green Lantern. Marvel Comics began in 1939 with Captain America, Human Torch and the Submariner. Before 1961, Marvel Comics were originally named “Timely Comics”. Some titles became popular, such as: “Tales to Astonish”; “Amazing Fantasy”; “Tales of Suspense”. These titles introduced some of the famous characters that movies widely feature today: Tales to Astonish 27 introduced Antman; Amazing Fantasy #15 introduced the world to Spiderman; Tales of Suspense #39 featured the first appearance of Ironman. Other well-known comics brought groups of superheroes: Fantastic Four #1 (1961); The Avengers #1 (1963), The Xmen #1 (1963).

Edition Numbers: The lower the edition number, the more the book will be worth. As you know from the last paragraph, many heroes’ first appearance didn’t originate in issues #1. Superman originated in Action Comics #1, but, a year later he got his own comic book – Superman #1(1939). Also, Batman got his first appearance in Detective Comics #27, but soon got his own comic with, the first appearance of Robin – Batman’s sidekick in Batman #1(1940). Wonder Woman’s first appearance happened in Sensational Comics #1, which later became “Wonder Woman”.

Original price: Comic books have gradually increased their newspaper prices. The lower the original selling price, the older they are and in most cases worth more: $.10, 12, 15, 20, 25, 30, 35, 40, 50, 60, 75 (from 1938-1988). Today, the lowest priced comic books cost around $3.99-$4.99.

Condition: If your book either has tears, a partially detached spine, or missing pages – it will be worth significantly less. They can be restored, but repairing them costs more money and it will sell for less. The more pristine the condition, the more it will be worth, of course. All books should be placed in Mylar sleeves with cardboard backings. The ultimate protection for comic books would be to get them hermetically sealed in a hard plastic display case, which is provided by “CGC”, or the “Certified Guarantee Company”. CGC is one of the only organizations that can truly give peace to the collector that the book has been graded properly and can almost never be damaged.