Want To Invest Successfully In Only 15 Minutes a Month?
Here’s how you can invest successfully and spend only about 15 minutes a month on your investments:
- Keep it simple
- Ignore the media noise on TV, Internet, Radio, and Magazines
- Reduce the fees you are currently paying (knowingly and unknowingly) on your mutual funds
Keep it simple
Invest in quality dividend-paying companies when they are undervalued. Learn when a company is undervalued here. Quality companies are companies that are recession proof, consistently profitable, and virtual monopolies (I cover 7 other factors in my Simply Investing Course), examples included Coca-Cola, McDonalds, Johnson & Johnson.
Ignore the media noise
The media’s priority is the same as any other corporation, to make a profit first and foremost. The media makes their money by selling advertising space (in print, online, or television). Remember bad news results in higher ratings which allow the media to charge more for advertising. The majority of investing “advice” is incorrect and not suitable for growing your wealth. Ignore the noise and stick to the fundamentals. There are only a few simple things which really matter, I call them the 12 Rules of Simply Investing, and everything else is just noise.
Reduce your fees
Mutual funds (including index funds) charge a fee called the Management Expense Ratio (MER). The higher the MER the more you stand to lose. In my opinion you will never achieve financial success by investing in high cost (high MER) mutual funds. The key is to avoid paying any MERs by investing on your own. You don’t have to spend hours every week or month analyzing stocks reports. Once you’ve learned the core aspects of investing (by taking my course), you don’t need to spend more than about 15 minutes a month on your portfolio.
Keep it simple, ignore the noise, invest in quality dividend-paying companies when they are undervalued and you will increase your financial wealth over time!
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