Nov 01

Do It Yourself Asset Management 9

12. Consider FOREX
Forex, foreign exchange, is trying to predict whether certain currencies, like the dollar, will go up or down against other currencies, like the pound or Euro. The beauty of it is, there are about 6 key pairs, and you can make money if it goes up or down, if you ride the trend. It is far easier than trying to keep track of dozens of stocks.

Again, do your research and decide what you can afford to risk. If you gamble it all away, you will have only lost a small amount, not your shirt.

These are the basics of asset management these days. There are of course other refinements, but this is the 40,000 foot view at present.

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