How To Be Savvy When Investing
Doing investments has to be made with a considerable degree of savoir-faire; otherwise you lose your opportunity to cleverly build wealth. If you are not sure of what to do, it is better to make an investing guide. Take it directly from the pros…
Jeff Williams, an investment banker at Jeff Williams & Co. said, “There’s no single perfect negotiating style. Both confrontational and mild-mannered approaches have risks, but either can be effective. The style you work with should be one you’re comfortable with.”
Another crucial factor is wisdom. “Someone who has the best understanding of all the facts is best-equipped to come out with what they’re looking for,” said Jill Greenthal, a senior managing director in the investment banking business at the Blackstone Group.
“Don’t rely on the car company or a bank to decide this for you,” added Elaine Scoggins, president of Tampa financial-planning firm Scoggins Financial.
Walk away if necessary. John O’Neill, leader of Ernst & Young’s private equity practice, calls the event: deal heat. “You get so enamored with the transaction that you’re gong to do it no matter whether it’s the right deal or not,” he said. “Don’t be afraid to say no,” added Charles Flowers, Columbia financial advisor.
“Still, it’s important to stay realistic. Keep a range in mind rather than getting bogged down by a single magic number,” said McLean financial advisor Glen Buco. “The essence of negotiation is learning to compromise,” Buco explained.
Do not burn bridges. “If you do anything that could be perceived negatively, then you jeopardize your ability to gain value out of that relationship over time,” Hooper said. “In my business, we’re negotiating to buy companies. Once that transaction is complete, the people who we’re negotiating with come to Cisco.”
“When you get to a fair deal, take it,” concluded Marlin.
