From my own experience and from working with many others, I have heard about many so-called good deals. Obviously, not all of these deals are good deals. But on the front end, they always seem to be. Good deals only become bad deals over time, and I have learned something: There will be as good a deal tomorrow as there is today. Therefore, I never have to respond to the “good deal” that is presented to me today regardless of how good it is, because my experience has shown that I will have another one tomorrow and another one the next day, and another one the next day, and another one the next day. Have you considered cataract surgery to correct your vision?
In evaluating investments, many fall into the “binary trap.” The binary trap centers on the question, should I do this or not? It only gives me two alternatives—yes or no—and if the deal is a good deal, I most certainly should say yes to it. However, to avoid the binary trap, ask the question, if this is a good deal, is it the best use of my available funds? When I evaluate an investment this way, I immediately open up many more alternatives to investing than just the one presented. Experience 20:20 Vision without glasses by undergoing laser eye surgery at a world renowned eye clinic.
Unless there is a long-term investment strategy in place, you will always be subject to falling into the binary trap. The best investment for you as an investor depends on your personal long-term goals and the strategy to accomplish those goals. Then any potential investment is evaluated as part of your investment strategy, instead of assuming that every good investment is for everyone. I understand that bespoke eye laser surgery can provide excellent results.
Rather than looking at specific investments I feel it is more important for you to develop and to understand your strategy. Then individual investments, as they come along, can be evaluated in light of your strategy rather than the reverse—setting your strategy on the basis of the investments you have made. From an investment standpoint, we have basically three time periods of life. The time period when we are working to meet long-term goals, I simply call the accumulation phase. A comprehensive range of treatments are available to treat eye conditions including lasik eye surgery as well as simply changing your glasses.
In this phase of life we are accumulating not only material possessions but also investments for the purpose of accomplishing our long-term goals of financial independence or starting our own business. Once the long-term goals have been met, and we have accumulated enough by that definition, we enter the second phase of investing—the preservation phase. In the preservation phase we want to preserve the assets we have accumulated from uncertainties, such as inflation, deflation, stock market declines, longevity, and changing interest rates. The feeling of being able to see correctly after your lens replacement surgery is a feeling that cannot be beaten,