The Easy Way or The Hard Way

A logical type of decision tree. It has been said the hard way is not necessarily the difficult path, but the most thorough one. That is debatable, especially by the ones who find the easy way as the first course of action. As some may use this phrase to describe how to go about doing something, others could look at it as how the effort is applied. 

Is there an easy way and a hard way to invest? Sure there is. Just talk with someone who made an amazing amount of money on a single trade. Then talk with someone who has lost money on various attempts at creating a strategy. Think of how quickly you thought the trader who scored big on one trade must have been the one with the easy way. Not necessarily. That single trade may have involved months of research and charts to find the perfect opportunity and timing. The other trader may have just tried at different ideas watching the afternoon financial shows.

The best way to describe the “hard way” when it comes to making investments and financial decisions is the term “Due Diligence.” This is the term financial professionals use in how they are to take the time to analyze, study, research, and create appropriate strategies for any client they work with. A financial professional would not consider the process of due diligence and suitability even close to the “easy way”. They would reference it as the Right Way, or Only Way to provide great financial advice and appropriate recommendations. 

It is evident that when the investment markets are doing nothing but moving in nearly a straight line upward, it may feel like the easy way to make money. However, in the event of an abrupt change, with out some planning strategies in place, you could learn the hard way, with your own money. We encourage you to always consider the right way and put some due diligence in place.