Timing The Market Is CrucialToo Early, Too Late, You LoseAn example of not timing the market is my son. He is mad keen on armour - as in 'Knights in shinning armour'. He wanted an apprenticeship in armoury. Now, it is true that some people are willing to pay thousands of dollars for a suit of armour. All 3 of them already have a suit of armour. Obviously this is not a good business venture for my son. Best he learns to be a boilermaker and has armour as a hobby. Timing the market is better here as there is a mining boom going on for the next 20 years Timing in the companyMost business fail in the first couple of years. 95% in fact. It is even worse for an MLM business opportunity. 99.9% disappear in 2 years for all sorts of reasons. It can even be because they grew too fast. Don't be fooled into getting in on the ground floor. Do you really want to waste two years of your life to find out if it will survive?. Most of the successful people get in after two years anyway and save all that heartache. Ground floor Global is differentIt is a lot easier getting in early when a company starts in a new country. They have sorted out the bugs in their original county and are in the process of duplicating that in the new country. It also doesn't matter if you get started in the first or second country. You can build in both. Timing in the IndustryThink of this as similar to surfing, once a wave is forming, you get on and ride it. Some industries have a short wave and some have a long wave to ride. An example of a short wave would be tech products. There is one around now for video emails. Expensive today, cheap next year, free the year after. A long wave example of timing the market is nutrition products. Pretty constant till we baby boomers fall off our perches, then, who knows? |
