Establish an Investment Plan to Keep Your Exit Strategy on Track!Establish an investment plan prior to starting your investments, that way you will make more money with your investing and have a plan on when to move your money. Your investment plan starts with an exit strategy. At which point do you move your money to maximize earnings or minimize losses? An exit point can be when a stock price reaches a high point or low point based on your research of that stock. An exit point can be when the value of a property exceeds $100,000 profit from where your bought it. There are several determiners you can use to establish a good exit strategy when you establish an investment plan. That's why you want to learn as much as you can about a particular topic before jumping into it. Going into an investment blind or based on scanty information such as an anonymous tip is very risky. However, if you research the tip thoroughly and it makes sense, go for it. But always know where you want to exit before you put your money to work. When you establish an investment plan, consider the following: 1. How much money do I want to make from this investment (your exit point or goal for your investment)? 2. How much am I able to invest? 3. What are my possible failures with this investment? 4. What are the mitigating factors that will insure this investment (various exit points that protect you from losing your invested money)? 5. What do I need to learn about this investment to prepare myself for this type of investment? 6. When do I start this investment? Knowing the answers to these six questions will help you establish an investment plan and ensure you are ready to jump into your investments.
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