and I love the game。 Many people are afraid of small…cap panies and call them risky； and they are。 But risk is always diminished if you love what the investment is； understand it and know the game。 With small panies； my investment strategy is to be out of the stock in a year。 My real estate strategy； on the other hand； is to start small and keep trading the properties up for bigger properties and； therefore； delaying paying taxes on the gain。 This allows the value to increase dramatically。 I generally hold real estate less than seven years。
For years； even while I was with the Marine Corps and Xerox； I did what my rich dad remended。 I kept my daytime job； but I still minded my own business。 I was active in my asset column。 I traded real estate and small stocks。 Rich dad always stressed the importance of financial literacy。 The better I was at understanding the accounting and cash management； the better I would be at analyzing investments and eventually starting and building my own pany。
I would not encourage anyone to start a pany unless they really want to。 Knowing what I know about running a pany； I would not wish that task on anyone。 There are times when people cannot find employment； where starting a pany is a solution for them。 The odds are against success： Nine out of 10 panies fail in five years。 Of those that survive the first five years； nine out of every 10 of those eventually fail； as well。 So only if you really have the desire to own your own pany do I remend it。 Otherwise； keep your daytime job and mind your own business。 When I say mind your own business； 1 mean to build and keep your asset column strong。 Once a dollar goes into it； never let it e out。 Think of it this way； once a dollar goes into your asset column； it bees your empl