“Diligence is the mother of good fortune, and idleness, it's opposite, never brought a man to the goal of any of his best wishes.” – Miguel de Cervantes -
Many people these days are finding new niches to invest in. Many of them great, but many of them questionable. It’s easy to go back and forth and around in circles on prospective investment deals but it might be helpful to know: What can you do about it?
It’s called due diligence or thorough analysis.
Here is the Definition:
Basic rule #1: If it’s too good to be true, then 99.99% of the time, it is.
Save your time, money and heartache and just walk away.
I hope these helped you ease some of your stress or anxiety on investments, and I hope you share them and use them in the future.
Our next blog will go over valuations. What is the value of the proposed investment? How much do you have to give to get more in return? That is if you do end up getting anything in return. We’ll help you get this sorted out!
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