You are handed the keys and told to drive to an airport several hundred miles away where a flight home awaits you. It does not go unnoticed by the locals that you are a rube, and further the proud driver of an expensive automobile. Several sleazy characters crowd around you to offer their expert assistance. Hopefully you do neither, and instead find the nearest book shop, purchase a detailed road map, and plot the most efficient route to the airport. Only then do you start on your way.
Most investors find themselves in a very similar situation.
They rarely have a clear idea of exactly where they are headed, or how to get there. Learning how to invest successfully on your own is much like getting from one city to another in the manner of our fictional traveler. The road map is a simple one and will be briefly described below. The journey will be slow and painstaking at times, and there will be no shortcuts. THE ROAD MAP 1.