Jasz
VIP Contributor
When you invest in a new product, it's important to think about the risks and rewards. You want to understand how the product works and whether it will be a good investment for you.
For example, if you purchase stock in a company and hope that its business will improve over time, but the value of the company falls due to aggressive competition or poor management decisions, you'll lose money. If a new product is launched by an established brand with a strong reputation for quality, then it's likely to be very profitable for investors who buy in early on. But if an inexperienced entrepreneur tries his hand at inventing something new, he could end up making many mistakes before eventually finding success - or even dying young from stress or alcohol poisoning. When it comes to investing, I'm a big fan of the "buy low, sell high" philosophy. But I also want to be clear about what that means. It's not just about finding a good deal and selling your stock at the right time.
It's also about being patient enough to hold onto an investment long enough to make money from it.
For example, if you purchase stock in a company and hope that its business will improve over time, but the value of the company falls due to aggressive competition or poor management decisions, you'll lose money. If a new product is launched by an established brand with a strong reputation for quality, then it's likely to be very profitable for investors who buy in early on. But if an inexperienced entrepreneur tries his hand at inventing something new, he could end up making many mistakes before eventually finding success - or even dying young from stress or alcohol poisoning. When it comes to investing, I'm a big fan of the "buy low, sell high" philosophy. But I also want to be clear about what that means. It's not just about finding a good deal and selling your stock at the right time.
It's also about being patient enough to hold onto an investment long enough to make money from it.
