Hi everyone,
I know in the past I've shared my investing lessons from prior 12-24 months, but I just got off the phone with my friend and fellow investor (and Maui Advisor) Steve Maxwell and we were talking about our lessons.
I wanted to share three new ones with you here quick and fast...
- Stick with my core compentencies and stay out of businesses I don't really understand or have Advantages in. I am really narrowing my investment criteria to stick with this rule. Price of Lesson: $500-$1 million depending on outcome. (And here you get this lesson for free... what a world!)
- It's not the right cash flow deal for me if I'm getting paid my money as an equity investor out of raised investor capital... I want the cash flow I earn to come for a more sustainable source than that... (Price of Lesson: $100,000)
- I want to see the investment generating this cash flow from customers (I.e. from the business) and not be "proforma" cash flow after the turn around. ($500,000 lesson)
Note: The last two lessons fit for me and my current investment strategy and focus of PRI (Passive residual income) investments.
What are you lessons? Share them here!
this is michel,i have read all comments, that,s very nice but i confuse because i weant know business sturgey.
thanks for information.
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micheljohn
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