It just takes a year like 2008 to shake the tree and find out the good investment options to the bad ones. In bull markets pretty much everything goes up and only as a wise man once said ‘when the tide goes out – you know who’s been swimming naked’
So you have the cereal approach to investment. You just reach out and take down the box. No rush and certainly no need to think, many hundreds exist and you try and fit the investment rather than the investment fit you.
The opposite to the cereal approach is the tailored approach. Now this requires more effort and maybe some upfront expense on your part.
You move from buying something in abundance to buying something with scarcity. This requires more time and skills, yet often pays off in the long run.
If a product being offered to you is ‘Australia’s most exciting golf resort with over 1000 apartments to choose from!” then to me that’s a prime example of buying abundance. Seek out scarcity and avoid the cereal choice, it’ll work better for you in the long run.