“Invest Like the Experts” with Frank Holmes
Kitco News introduces a four-part series in December showcasing investment guidance from a wide range of experts.
Frank Holmes shares his 2014 outlook as well as his investment philosophy saying, “Successful investing is also like flying a plane.”
He said he learned from a friend who is an experienced pilot that there are three things you must always do each time you fly a plane: 1) have an approved flight plan, 2) have a completed checklist when taking off, and 3) have a completed checklist when landing. In a plane, this is a matter of life and death, so no step is left incomplete.
When it comes to investing, the flight plan is your long-term strategy that details your financial destination. Investors should also have two checklists: A checklist for buying and another for selling. Buy what goes on sale and sell what’s been up.
Read the entire Kitco series here.
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