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A simple childhood game called monopoly can be translated in real life especially for investors. Do you remember what you purchased playing the game as a child.
1.Transportation=railroa d stocks
2.Houses and Property=real estate
3.Utilities=stocks of an energy company.
With these basic investing areas in your portfolio if you won the monopoly game as a child you might even do better now. In life there will always be a spot called chance just like in the game you don't know if its going to pay off or cause you to pay up, the chance spot equals risky investments, penny stocks. Sometimes you might land on community chest, and this spot equals when dividends from your investments are paid. Yes, and every year we land on taxes, and some people land on it more than once a year, and if you land on it to much you could find yourself out of the game. Now I want you to think back, remember when you played monopoly, after a while you were just collecting rent and receiving dividend payment off your utilities and railroad companies and wishing someone would land on your Boardwalk property with four hotels on it. AT this time you were just rolling dice but you had cash-flow, your money began to work for you, and now it was about charging rent and collecting fees from railroad and utilities, just not trying to make it to payday.
Simple rules of Monopoly to copy in life
1.pass go, get paid, buy property that pays.
2.develop your land, raise the rent.
3.trade is possible for better returns
4.Hold long term
5.their is always a deal on the board find it and execute the plan.
6.wait your turn the dice will be placed in your hands just don't freeze when opportunity comes your way.
7. and remember pay your taxes if taxes are due, that way you you can stay out of jail and stay in the game.
Now the dice is in your hand, its your turn to roll.
Learn more about this author, Gordon Gray.
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