If you haven’t figured it out yet, I believe strongly that investing is a team sport. Like team sports, it can be fun and rewarding–especially when you win.
I talk to investors in Wealth Formula’s Accredited Investor Club all the time and often hear the frustration of those interested in investing outside of the equity markets–they have no idea where to turn.
They know they want something different, but they don’t know how to start.
Does that sound like you? Well, I have spoken about this in the past, but the key is to find your team–or perhaps better to call it a tribe.
You need to be around people who you know, like, and trust and you need to be around people who have different skill sets than you do. The power of that kind of tribe is priceless.
Most of you are on an island. You are successful and live amongst other successful professionals. However, you do not buy into the conventional wisdom of personal finance that your colleagues believe in so you listen to shows like mine for alternative thinking.
That’s a great place to start but there is no replacement to get out there and actually meet other people of like mind.
The power of tribal investing is perhaps no more evident than in the area of angel investing. Angel investing has created enormous wealth in this country.
However, if you don’t know what you’re doing, you will get raked over the coals.
The good news is that tribal investing is alive and well in the area of angel investing and, even if you have no experience at all, might be something in which you too can participate and profit from while having a lot of fun in the process.
Make sure to listen to this week’s Wealth Formula Podcast as I interview super angel investor David S. Rose (http://angelinvesting.com/) to learn how, you too can be an angel investor!