What You Need to Know Before Making an Investment

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.6 • 1.9K Ratings

🗓️ 5 August 2022

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

The last recession impacted stocks for several years, so it is natural to expect this bear market to react similarly. One good rule of thumb to help you create a financial plan is to assume that your stocks and funds could drop 50 percent overnight and stay down for a very long time. This will help you to better determine your timing and risk tolerance, in terms of investing in stocks. Understanding your timing and risk tolerance when investing is essential but that does not mean that you can win by avoiding taking any risks. As previously mentioned, I tend to lean towards a more conservative approach with stocks and bond investments, and make sure that is aligned with the ever-increasing costs of living. Remember that when the stock market recovers, it tends to recover quickly, which can lead to decent returns if you are patient. Tweet me your takeaway from today’s episode @davidmeltzer Email Me! [email protected] Sign up for my Free Weekly Training https://free.dmeltzer.com/friday-training-1 Text Me! (949) 298-2905 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This is the flavor.
0:03.2	What is the number one thing you look for when evaluating an investment opportunity?
0:08.3	Everyone's reaching out to me asking about, especially with the recession, is asking me
0:12.7	about what they should be investing in.
0:15.4	And I have a very simple process and I teach you how to do this.
0:20.1	But you need to know, which is the most difficult part, your timing and risk tolerance for
0:24.6	any investment.
0:27.2	When you know your timing and risk tolerance, then the number one thing for
0:31.6	an evaluating an investment opportunity and knowing what that means.
0:35.4	Meaning, you know, colleges and investment opportunity, your startup companies
0:39.6	and investment opportunity, stocks, bonds, crypto, NFT, water.
0:45.0	These are all investment opportunities.
0:47.3	And the number one thing that you look for, if you know your timing and risk tolerance
0:51.9	for 100% success in every investment is alignment, synergy, supplementary value of what
1:01.3	you're investing in with your timing and risk tolerance.
1:04.9	Let me tell you what I mean by that.
1:07.8	If I want to go by a lottery ticket, which is $2, by the way, and it has a half a billion
1:13.4	dollar ROI to it with a one billion to one chance of winning.
1:19.8	And I know the timing on it is Saturday at 8 p.m.
1:24.0	Pacific time will know the mega and I will know whether I have made money off of my $2
1:35.1	investment that comes about at 8 p.m. on Saturday.
1:40.1	But understanding my timing and risk tolerance is $2 by Saturday at 8 p.m.
	...

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