How a Waiting Move Can Make You Rich
by Douglas Goldstein, CFP®
Donald Trump once pointed out that sometimes the best investments are the ones that we don’t make. He was referring to a simple yet effective investment strategy of making a waiting move – sitting back and thinking things through rather than jumping in and taking random action.
Having money to invest does not mean that you have to invest it right away. Instead, when money feels like it is burning a hole in your pocket, take a moment to think about your long-term plans and goals. If you can’t explain how a specific investment decision will help get you there, then make a waiting move.
[Click here to read the rest of this blog post about how to make a waiting move with your investments.]
Chess Daily News from Susan Polgar
Very smart advice.