Why Asset Management Is Not A Get Rich Quick Scheme
When you are considering asset management consider what it
takes to learn the field before you attempt it yourself.
What I mean by asset management is more complex than just
balancing your check book (although that is part of it).
I mean your entire financial worth, not just the money in
the bank but the money that is tied up in your home,
stocks, bonds and retirement accounts, everything that you
may have or will have.
This is a field for professionals to work in not amateurs.
You would not go to your neighbor 'Dave' and have him look
at your trick knee (unless he was a doctor) and you would
not go to see your in-laws and ask them to diagnose car
trouble (unless they are mechanics).
But every day somebody goes to his neighbor or to their in-
laws and asks them for financial advice.
Financial advice about things like asset management is a
complex field that takes years of study to learn. There are
many self-help programs on the internet and on TV that
encourage you to learn 'a simple easy system' to make
millions.
Well this is a flat out lie. If a simple easy system could
teach you to handle your money and make millions we would
have far more millionaires than we do. In fact only those
folks that didn't have a computer would be poor. Don't be
taken in by the advertisements that you get in your e-mail
or that you see on late night TV.
Asset management can be learned but you need to pay
attention to what you are doing and not give in to easy
fads or get rich quick schemes. When you are considering
what money you need to send your kids to college, go on
that dream vacation or retire to the Caribbean with you are
really considering your future.
Nobody wants anything less for themselves than their
dreams. If you put your dreams in the hands of
professionals you are far more likely to realize them than
if you allow Dave from down the block to set your goals.
About the Author
Jame Printon has worked in big companies all his life. A
major issue in those companies is asset management. Over a
number of years James developed excellent asset management
skills, and now shares his experience in a series of useful
articles.
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