Agora Financial has risen in the ranks over the years to become one of the preeminent authorities on private investing and investment opportunities. Many people have benefited from Agora Financial’s advice over the years, and they have regularly predicted some of the worst tragedies in the financial markets, such as the housing crisis and the dot-com bubble. Crunch Base hosted an article that they wrote for Release Fact dated March 3rd, 2018. The article was titled “Agora Financial’s 10 best ways to invest in your future”. Below is a summary of those ten ideas, or rules on the list.
Rule number one is to learn investing basics. Most investors go to professional advisors first, but it is advisable that you learn a bit about investing yourself so you know what’s being sold to you. Rule number two is to set long-term goals. In order to make short-term goals more palatable, long-term goals must be set for your own life as a backdrop.
Rule number three is to set short-term goals. The short-term goals are meant to be used to help buttress your long-term goals and make them easier to accomplish. Rule number four is to study long term investments. Agora Financial seeks to educate its readers on how to work their retirement plans whether self started or a retirement vehicle through their employer.
Rule number five is to also study short-term investments. Short-term investments are for those who need money within five years, and they may require those people to take money out of their long-term investments to build it. Examples of short-term investments include money market accounts, commodities, and real estate investments.
Rule number six is to keep a safety margin, or to be sure to buy stocks or other investments at their lowest point possible. Rule number seven is to profit from volatility. One must take the emotion out of investing and learn to benefit from price swings. The last three rules are to be a self-aware investor and keep your emotions in check, mitigate long-term risks like political and changing economic trends, and the last is to make a life plan, or assign your life a purpose. These rules, when taken into consideration make a good foundation for anyone’s investing goals.