Choices
Investing and life has us confronting many choices. Some are simple, some complicated, some we prefer not to make and some go against our impulses. Many times, the choices are not made because we do not know we have choices. Other times, doing nothing is a choice to continue whatever you were or were not doing. Here are some of the choices that need to be considered and decided upon.
Investing choices
- Stocks or Bonds
- Conventional or alternative investments
- Diversified or not concentrate investments
- Investing for cash flow for or asset accumulation
- Investing for great wealth or to be financially secure
- Settling for the market’s average returns or wanting to outperform the averages
- Short term, mid-term or long term investment horizon
- Goals leading to financial security or no goals creating doubt
- Deliberate financial actions or luck
- Doing it yourself or using an investment professional
Personal
- Prestige car or suitable transportation
- Complacent or innovative and reaching desires
- Spending or savings priorities
- Good health or not caring
- Haphazard attitude or planning with goals
- Owning or renting
- Being a couch potato or mobile
- Being on time or late
- Associating with nice or nasty people
- Carrying hatred and grudges or moving forward with positive energy
- Growth or stagnation
Business or professional
- Spending time with your business or your family
- Preparing a careful estate plan and will or not caring
- Having a succession, transition or exit plan if you are in business or doing nothing about it
- Your persona is immersed in your business or job or who you are is independent from work
Bottom Line
- Either you care or you don’t care
There are others, but these should be enough to get you started thinking about your important priorities.
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