When it comes to investing, you need to be clear on your goals for each dollar. Before you put a dollar to work, determine the job description. This is the only way you can really assess whether it doing what you want it to do correctly.
In investment banking, the first conversation with a client usually involves some form of the question: What are your objectives? To put it another way, what goals are you trying to accomplish here and what’s your timeline / investment horizon?
In this episode we discuss the three (3) main reasons people invest:
- Cash flow
- Value appreciation
Question of the day
What’s your main investment goal right now: cash flow, value appreciation or leverage? (Comment below or on twitter))
Essential career advice for ambitious young professionals.