7 Things Millionaires Never Invest In
If you know anything about millionaires, you’ll know that they are avid investors and in order to continue to build their wealth they must avoid investing in the wrong things. Therefore, in this article, I will share with you the 7 things millionaires don’t invest in!
In life, one of the best ways to succeed is to take after the lead of those who have succeeded before you and this method certainly works for investing. It is why thousands of people spend countless hours studying the investment strategies of people like Warren Buffett and Charlie Munger. Funny enough, these investing moguls also took their investing strategies from those who came before them. For instance, Warren Buffett’s investing strategy was learned through his teacher and the author of the book, The Intelligent Investor, Benjamin Graham.
Benjamin Graham was known for being diligent, almost surgical, in his financial evaluation of companies. His experience led to simple, effective logic, upon which Graham built a successful method for investing. This all to say that investing is an intricate art and knowing what investments to avoid is just as important as knowing which things you should invest in. While some commonly thought of investments can seem like winners when trying to grow your wealth, the reality is that some can actually cost you money in the long-term making them things you…
