After about 10 years of average performance, I started learning more about the ways the Rich invested. My strategy took shape around what I have learned, taking advantage of techniques that rich people use to accelerate the wealth creation process. Since the strategy incorporates a lot of concepts and techniques, the information presented here is in layers. You can drill into and out of individual topics on tips and techniques as you read. I hope my work will save you a lot of time, as I try to summarise everything that I have learned and experienced over the years.
In the first paragraph, I will describe the overall strategy that I picked to get rich. Then, I will describe individual techniques, tips and tactics that I have used to implement the strategy.
Strategy - Become a CollectorThere are many ways to get rich. In order to achieve my goal, I have chosen to become a collector. I decided that to become rich I had to collect excellent businesses. Before you start panicking because you've never bought a business before, let me calm you down by saying that acquiring shares in the business on the stock market will suffice. You need to master a few concepts and techniques in order to be able to acquire excellent businesses profitably.The goal is to pick the most profitable, stable, growing and efficient businesses with competent management. You also want to make sure you acquire businesses at bargain prices with the margin of safety and a degree of risk management. Tactics - Secrets of the RichStep 1 - Identify What Shares to Buy
Step 2 - Decide How Much to Buy
Step 3 - Implement a Buying Strategy
Step 4 - Monitor Your Investment, Maximise Cashflow
Step 5 - Reinvest Your Returns - Go Back to Step 1Step 6 - Protect Your Wealth
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