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Every Young Investor’S Handbook
Every Young Investor’S Handbook
Every Young Investor’S Handbook
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Every Young Investor’S Handbook

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Investing is a practice for the brave hearted, the ambitious, and the courageous. It is a practice that is for those who are ready to discover new ideas, try them out, and exploit to the maximum. Investing is for these who yearn to be successful. There are individuals who focus on achieving the best where others shy away, It is practice for which most would want to be participants.
LanguageEnglish
PublisherXlibris UK
Release dateMar 2, 2011
ISBN9781456881870
Every Young Investor’S Handbook
Author

John B. Daniels

John B. Daniels is a young investor born in Kenya in the early 80's, raised and living in Michigan State, U.S.A. He is experienced on business practise issues, especially Strategic Management and Customer Care. He has invested in different business fields ranging from Security Business to Tours and Travel as well as Real Estate Development.

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    Book preview

    Every Young Investor’S Handbook - John B. Daniels

    Copyright © 2011 by John B. Daniels.

    Library of Congress Control Number:       2011903535

    ISBN:         Hardcover                               978-1-4568-8186-3

                       Softcover                                 978-1-4568-8185-6

                       Ebook                                      978-1-4568-8187-0

    All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner.

    Copyedited by Mark Nell Mendoza

    Reviewed by Germaine Canilao

    Jbdbuss2009@yahoo.com

    This book was printed in the United States of America.

    To order additional copies of this book, contact:

    Xlibris Corporation

    0-800-644-6988

    www.xlibrispublishing.co.uk

    Orders@xlibrispublishing.co.uk

    301699

    Contents

    Introduction

    Chapter One Overcome Self-Doubt: You Have The Potential Of A Winner

    Chapter Two No Reason To Pity Yourself: Losses Are Part Of Learning

    Chapter Three Successful Young Investor And The Right Environment

    Chapter Four Should You Consider Partnering?

    Chapter Five Do Not Stagnate: Expand

    Chapter Six Take Time: Business Is About Patience

    Chapter Seven Observe Ethical Practices: Legal Issues

    Chapter Eight Get Practical: It’s All About Doing

    Chapter Nine You Have Started A Business: What Next?

    Chapter Ten By Investing, What Are You Really Doing?

    Chapter Eleven The Place Of Technology In Business

    Chapter Twelve Handling Crisis In Your Investment

    Chapter Thirteen The Role Of Government In Your Investment

    Chapter Fourteen Learning To Run A Business

    Chapter Fifteen The Place Of Sports In Business

    Chapter Sixteen Winner’s Qualities For An Investment

    Chapter Seventeen Investing In Shares, Bonds, And Mutual Funds

    Chapter Eighteen Corruption: Enemy Of Business And Development

    Chapter Nineteen The Role Of Corporate Social Responsibility

    Chapter Twenty Jb 10 Points To Smart Investing

    Conclusion The Purpose Of This Book

    From the best-selling author of

    The Gateway to Business Prosperity

    and

    The Business Director-Army General

    DEDICATION

    To the people of the world who have the same conviction as I, that it is possible to prosper out of your dreams.

    Particularly worth noting for their extemporary example in the world of business are personalities Carlos Slim, Sir Bill Gates, Warren Buffett, Sir Richard Branson, Sir Donald Trump, Robert Kiyosaki, Madam Martha Stewart—the list is endless. They have proved to the world that it is possible to achieve what most deem impossible: success out of a dream captured in hard work.

    And to all the others who in their own way have the belief that out of a dream, an emperor can be born. I salute you.

    The core of this book was born out of your bold contribution in business practice.

    Accept my compliments; you are winners.

    ACKNOWLEDGMENTS

    My gratitude is to God, for his care and protection and unending love. To my parents, Daniel and Elizabeth. You have made me who I am: a winner. Receive my gratitude.

    To my brothers Jeremiah and Joseph and my sister Rose. I appreciate all you have done for me. To my friends Elijah, Jeff, Kim, and Martin. Thanks for your advice and encouragement.

    My Uncle Francis and Aunt Monica, you are the best of friends.

    Lastly, for my publishing team, I thank you. This book came to be out of your dedicated effort.

    God bless you all.

    INTRODUCTION

    Investing is a practice for the brave hearted, the ambitious, and the courageous. It is a practice that is for those who are ready to discover new ideas, try them out, and exploit to the maximum. Investing is for those who yearn to be successful. These are individuals who focus on achieving the best where others shy away. It is a practice for which most would want to be participants.

    Investing is one of the oldest, most undertaken yet simplest practices in the world as long as one understands the way to go about it. This is a dynamic exercise that keeps on changing in the way it is practiced. All to fulfill the same objective—to realize a profit.

    It is everyone’s ambition to engage in a profitable venture. That is why investing can be described as an undertaking targeting to realize gains known as a profit.

    But while undertaking the venture, you must realize that it is possible to run into a loss. So what must one do?

    A wise investment option is one that would meet the right opportunity at the right time in respect to the targeted client base and the proper policies put in place. Such an investment is sustainable for a reasonable period of time, a lifetime, or for generations.

    In today’s world region economies, investments play a very crucial role in their development and sustainability. It is not practical for a country to progress in its economic development and financial agendas without the input from investments.

    It is no wonder then that the various governments keep on encouraging its citizenry to invest in worthy business ventures, for it is in doing so that employment is realized as well as the much-needed taxes.

    It is not possible to conclusively define where one can invest and the proper timing to do so. The whole issue is situational based on proper research.

    It much depends on a person’s ambition, the capital realizable, the expertise to be employed, the prevailing government policies, and other factors on the grounds where he intends to invest in. All these must be put in consideration and acted upon precisely.

    Businesses come in many forms. Whatever your choice of business is, the most important thing is to ensure that all undertakings are carried out within proper, laid-down policies and procedures and, importantly, within the legislation of the country concerned.

    You will need to have an eye on for the most realistic investment within your investment scope. It is not certain that the business you decide to do is the most profitable. Financial capability will matter for one and so will the location and expertise to be employed. Evaluate your capability range, as ideally, a business is undertaken with an aim to reap the most.

    Numerous forums, conventions, and educational seminars are being organized all over the world in different cities and nations and are attended by delegates from all over the world in a bid to look for solutions to issues that trouble the globe.

    These meetings deliberate on various agendas that have to do with economic issues like harmonizing the existing trade agreements and abolishing trade barriers to ease trade. This continues to be done to create favorable trade environments within nations, countries, and continents.

    Poverty in many regions of the world is of much concern to most. To many of us, this is a phenomenon that most, unable to kick out of their very livelihoods, view as a way of life rather than a devil that ought to be exhausted.

    Many have gotten used to living under conditions that are not ideal for human inhabiting. I talk of slums, ghettos, and shanties. Mention it. From east to west, north to south—these establishments are all over. Shocking is the fact that little or nothing is being done to alleviate the situation. To an extent, the goodwill is lacking.

    These establishments lack the basics in terms of sanitation facilities like toilets, sewers, and clean water and health facilities like hospitals and clinics. Basically, there is no planning in the establishments, no road network, or lighting.

    The sole factor that has contributed to the establishment of these dwellings is the lack of formal employment and poverty. Most of the inhabitants in these settlements lack jobs and other income-generating economic activities that can enable them to live at least a decent life. At this point, I wonder what has contributed to this predicament that has gripped the world with no signs of letting go. Is it that God created mankind and failed to give enough resources for each one of us?

    Consider the world’s wealth. At least each nation has a natural resource. Some are endowed with several. These can be exploited, realizing vast business opportunities. Are the resources not adequate to enable everyone to earn a decent, comfortable life? Of course, yes!

    Every country in the world has at least several resources that are readily available for exploitation. Be it a river that can be used for irrigation, fishing, and power generation and as a means of transport; a rich agricultural land for domestic and commercial use; a lake for fishing and transport; or a forest where resources have a wide usage in building and construction among other uses—the resources are all there.

    So despite all these resources being widely and readily available, why then are nations and its citizenry in Africa, Asia, South America, and other regions sinking deeper and deeper in the damning darkness of poverty, no longer able to find their way to light?

    Is it that the governments do not make the needed efforts aimed at uplifting the standards of their citizens and the nation at large?

    Is it that the people themselves do not take the initiative of working toward the realization of a better life for themselves, their spouses, and the wider society? What about the governments and agencies that are charged with the responsibility of bettering the living conditions of the people in the world?

    The fact is that all these resources are there for all in each nation for exploitation. The only problem is the lack of equitable distribution to all. Few control the wealth of the rest. This has created a scenario of states of the very rich and the very poor.

    In the subsequent chapters, we shall discuss—among other issues—what roles an individual, the government, and financial agencies can and must play to better the livelihoods of everyone in the world.

    To emphasize the message are noted ladies and gentlemen who have played the larger role in bettering the situation on the ground, as these few worthy examples constitute the basic unit of the nation. Their success in their respective areas means a win for themselves, their nations, and the world.

    As a young investor, you must feel challenged to initiate a worthy investment benefiting not only you but

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