Keys to Passive Investing Success – Part 2 Know Who’s Running the Show

by Tim Herriage

Keys to Passive Investing Success – Part 2 Know Who’s Running the Show

by Tim Herriage

by Tim Herriage

Few things influence the success of an investment more than the character, knowledge and experience of those who develop and manage it. A good rule of thumb is never put money in a deal whose principals have less than 5 years of relevant experience in the business. Be sure they have actually done it before, preferably more than once, and have done it successfully. Past performance is never a guarantee of future success, but who would you rather trust, someone who put together 10 successful projects or someone with no experience or who can’t demonstrate consistent results? Everyone has to start somewhere but they don’t have to start with your money.  Ask for performance history and references.  How well and how long you know a person is important but if you have not done business with them before or know others who have, you should treat them as a new relationship.  A person’s social demeanor is not always an indicator of their business behavior. Read More »

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