“… My BASIC ADVICE was: 1) Invest only that amount of money you can afford to lose, and 2)……”

"Listen to me........."

“Listen to me……..please.”

I was recently paid a COMPLIEMENT, by a young man calling for an appointment, saying that I had been recommended by a “LinkedIn Contact,” as someone who would offer him guidance and advice in fulfilling his career objectives.  It is a great compliment when one wants to “know what you know.”   I had only three requirements of him: 1) We both speak the absolute truth; enabling us to weigh all the information properly.  2)  I get to ask any question; and he can answer them, or not, but failing to, will conclude the meeting.  It’s like attending school.  I teach the class as I think appropriate, and he can attend, or not. 3)  He must believe in God.  God is part of all of my discussions. I make no attempt to sell the idea of God, but I don’t want to waste time on someone who, as a non-believer, already has a different level of understanding than mine.  With that agreed upon, I quizzed him on his objectives; financial capacity, age, marital status, and can he afford outside investments apart from family obligations. My BASIC ADVICE was: 1) Invest only that amount of money you can afford to lose.  Invest only those monies that you set aside for that purpose.  2)  Don’t obligate your future income.  3)  Pay for the investment in cash, or it be self-sustaining.  4)  Do your best to avoid partnerships.  Unless you want to share, or forfeit your own authority, then be prepared for the partner owning 51%, or more, and he be in control.  What happens when a partner is unable to meet his part of the financial obligation?  5)  Always leave some sugar in the deal for the next person.  Make sure the other guy is getting a fair deal.  6) Make sure you own your deal in the appropriate entity.  7) Be shrewd, but fair.  8)  Try hard not to deal with family members, or close friends.  Many friendships and family ties are severed because of good deals gone awry.  9)  Cash is KING.  Avoid loaning institutions.  If you need financing, then seek owner-financing. The best bargains are obtained when paying cash, and to close quickly.  Time is money.  10) Listen to your CONSCIENCE. These are the basics of my investment philosophy; that have worked good for me, but they may not fit everyone’s criteria.  That’s why I don’t charge for what I know.  You get what you pay forProverbs 1:1-33 The proverbs of Solomon, son of David, king of Israel: To know wisdom and instruction, to understand words of insight, to receive instruction in wise dealing, in righteousness, justice, and equity; to give prudence to the simple, knowledge and discretion to the youth— Let the wise hear and increase in learning, and the one who understands obtain guidance. …Blessings…cjlb…4/8/14

Photo Credit:  That would be me…

About Charles Brooks

who is originally from Miami, Fla., moved to SC, holds two degrees from the University of SC. His business background is primarily in Real Estate Development (Motels, Hotel, Office Buildings, Restaurants, Residential) and Business Consulting. He currently is Managing Director of Brooks, Baker, Lehman & Kohlhepp - Investors in Real Estate and Mining, and has other business interests under the umbrella of Brooks Properties. FULL-TIME-MINISTRY: Fully engaged in spreading the Gospel of Our Lord Jesus Christ, with an emphasis on the Business Community.


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