Mark Kuban is definitely one of the most popular billionaires in America. From the fact that he is a television personality of Shark Tank to his participation in the NBA team, this entrepreneur and investor knows his own way of a good financial decision.
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So, when a person like Kuban, who currently has an approximate net value of $ 5.7 billion and is named one of our best financial experts, throw away some tips, you have to take it and hand it over.
“Ask assets. Whether it’s a home or a mutual fund – something that can appreciate in the long run.”
Here are some quick examples of asset valuation:
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Real Estate Investments: Houses, apartments and commercial buildings often appreciate over time. For example, the Cuban Property portfolio includes Dallas Mansions, Hotel International Hotel and Trump Condo and others.
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Shares, Bonds and ETF: Investments in the stock market, such as those, can increase as the companies or sectors that represent, perform well and grow. Consideably, bonds can increase if interest rates fall or if the issuer’s creditworthiness improves.
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Cryptocurrency: Digital currencies like Bitcoin and Ethereum have experienced a significant value assessment in recent years, and Kuban is a huge supporter of this type of assets. It is known to invest in both Bitcoin and Ethereum, as well as in Dogecoin and others.
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So, what indicators are looking for the Cubans to determine if a company is a good investment? Are there any incapable factors to look for?
“For private companies, this is a lot of things. Is it a great entrepreneur, is it a strong product, is it differentiated? For public companies, I recommend that people focus on investing in funds,” he said. “Investing in individual shares has become increasingly difficult over the years because there is so much money pursuing shares.”
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We asked Kuban, “What advice would you give someone who wants to start investing, but not sure where to start?”
His answer was short and cute: “Learn as much as you can, but be patient. There are no shortcuts.”
Here are some quick steps to get your foot into the investment door:
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Step 1: Make the decision to start investing today, even if it’s just a small amount.
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Step 2: Rate Risk Tolerance and decide how much you want or can afford to invest.
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Step 3: Understand your investment strategy and open an investment account.
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Step 4: Work with a financial advisor to help you better understand your investment opportunities, such as putting your funds in real estate or buying shares from a company. There is not only one choice and diversifying your portfolio can be a great way to develop your wealth.