Don’t Buy What You Don’t Understand
If you’ve been reading my blogs and watching my videos religiously, I not only love you, but you’ll also know that I’m a big Warren Buffet fan.
One piece of sage advice he has given that I agree with is “don’t buy something you don’t understand”.
In this week’s video, I expand upon that and talk about how I was once pitched one of the instruments that lead to the financial disaster of 2008. It just didn’t make sense to me, so I didn’t recommend it to clients.
Be sure you have good transparency, understanding, and a tolerance for the risk for any investment you make.
Take a few minutes to watch/listen to my video