Cool Investments

Investing can be boring, like putting your money in a bank account, or investing can be exciting, like inventing something that you think is amazing, and backing your idea (or someone else’s idea) with the capital to get it off the ground, and hopefully change history, like Thomas Edison did, along with your tax bracket.

Here’s a “how to” just to get you started.

1. Invent something cool, that you think other people will just love. If you are not the inventor type, then search the internet, magazines, and newspapers for a really cool invention. Hopefully this blog will help you find just the right item, cause, whatever, for you to get behind with your hard-earned cash, or your inheritance, or your lottery winnings.

2. After you’ve scoured every nook and cranny for the perfect thing to invest in, you should get to know the industry within which this cool investment resides. Maybe it’s a movie, or a broadway show, or a device to make a car run more efficiently, it is crucial to know as much as possible about that marketplace.

3. Always remember that investing is synonymous with “taking a risk.” This is always true, wether we are investing in our children, investing in the stock market, or investing in the number 12 on the roulette wheel. The only difference is how much risk, and if it’s worth the risk. The information you have, the more likely your decision will be correct. But you always must realize you can never know anything for sure. Tomorrow a hurricane might just blow everything away, or an earthquake, or a recession.

4. Get to know the people involved; the inventor; the fund manager; the CEO of the business. One of the keys to success is knowing the most you can about the entire enterprise and situation.

5. Good luck is also important.