Once you have bought into the idea of
building an Engine, and you have tamed your expenses to the point where you are
reasonably in control, the next question is “How?”. Treat your money like you
treated your first productive asset (you). Get it some work. Know what that work
is. There will be plenty of people trying to convince you they can manage your
money. Make sure you do Due Diligence. That means asking good questions, and
avoiding people who only promise upside. Be especially careful of the word “Guaranteed”
and anyone promising high returns. Sustainable growth is the key. Charts of
past performance don’t show the others who tried the same thing, but failed. I
am a Soutie. One foot in South Africa & one in the UK. SA is blessed with
many great asset managers, and I don’t believe any are touched by the Gods. I
invest in Global Equity Funds with the two companies I worked at, and then have
an Interactive Brokers account where I have a portfolio of about 20 companies
where I have got my money jobs. Don’t invest with anyone just because you think
they are smart or cunning. Invest when you understand what work it is your
money is doing.
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