Investment Diversification
February 5th, 2010 |
I believe in the saying that says “Do not put your eggs in one basket”. In the business language, it means diversification. When I started trading in the stock market, I set aside that particular amount for it from the savings that I deposited into my bank account over the years. I also invested in a short term insurance. One of the biggest insurance companies offered an easy on the pocket, 5 years paying period with a 10 year maturity term. I compared the ones offered from other insurance companies but I only got this because it’s the only term insurance policy that I could afford.
And lo and behold without counting the number of years my term insurance matured and I received my return of investment. During the 80’s, $1000 is already a huge amount. If I consider from the cents that I saved through the years.
Along those years, I never stopped and never got tired of collecting coins even now. It really helped me a lot more so when I started a family. Every penny counts!
I also started selling pre need plans and from the commission I earned I was able to buy two policies for my two kids for college. My selling pre need was only a part-time job for me.
If you ask me how I started? I attended seminars on insurance and pre need plans. I did not and don’t always be convinced by an agent’s explanation hook line and sinker. You’ve got to learn young.
visit my blog at http://thetruemoneymaker.blogspot.com
http://thetruemoneymaker.blogspot.com/
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