Good investment strategies
About 3 months ago, my Dad asked me to attend a multi-level marketing seminar involving Voice Over Internet Protocol (V.O.I.P) products. He asked me to attend the seminar in his behalf because he had another meeting and because he did not understand what the product is all about. So I reluctantly attended the seminar.
An American gave the presentation. He was very eloquent and convincing. The product was equally good as well. But what really intrigued me was the sales pitch he made when asked he people to join the multi-level marketing company.
His theory was that if you are entrepreneur and you want to be wealthy than your business strategy is to find something that would be the next hot thing in the future and spend your resources on it. If you are mainly an investor then consider investing in this company as one of your investment strategies.
He further makes his point by stating that the Microsoft, a $ 200 Billion dollars company which happens to be one of the richest and one of the most successful company in the world, is one of the companies that employs this business strategy. Surely you would invest in Microsoft if they would knock on your door and ask you to invest in their company.
Let’s say we have the ability to time travel and go back to the year 1978. Several casually dress, long haired, hippie looking geeks asked for a meeting with you. Their agenda was to ask you to invest in their company or even work for them. They said their product called “computer software,” something unheard of during those days would eventually change the world in the near future. A skinny little geek insisted that you do invest with them because if you dont you would regret it. Do you think you would be convinced with their investment strategies? Are you sure you would have invested your time or your money?
For those people who decided to invest during that time later one became millionaires and even billionaires. Those who left after several years didn’t enjoy the wealth that the company brought.
Nobody expected that those casually dressed, long haired, hippie looking geeks would make billions and change the world years later. But those who invested in them truly reaped the benefits.
The presentation ended with the speaker asking the audience to join the multi-level marketing scheme of the new VOIP product. No doubt, the sales pitch and the product was good. Unfortunately, experience tells me that any multi-level marketing (MLM) based business will only be good for a couple of years, after that most MLM business switch to traditional marketing because of market saturation. If they were asking people to buy shares of stocks, I might have heeded the call and purchased such. Investing in companies who has the foresight to know the trend in the future is always part of good investment strategies. Since VOIP is the next trend in the future it is certain that I will look back and say that I’m glad I invested. Oh before I forget, that skinny little geek wearing the blue shirt was Bill Gates and obviously the company that he was reffering to was Microsoft.
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