There is a very old saying among savvy investors: No one will ever take better care of your money than you do.
The obstacle so many people face is that they are ill equipped to manage their own investments and need a way to determine who can be trusted and who is full of s***! So how do you do it?
It’s easier than you think.
All you need to do is slightly alter the above adage as follows: No one will take better care of your money than someone who has “SKIN IN THE GAME.”
The term was coined by the worlds greatest investor Warren Buffet. He knows talk is cheap and Executives can talk all they want. One of his keys to success is to ensure that high ranking officers use their own money to buy stock in the company they will be running to make sure they have “SKIN IN THE GAME.”
Here at Ropay Asset Investors we have plenty of “SKIN IN THE GAME.” I founded this company with my own money and virtually all net revenues are re-invested into new portfolios right along with investors.
In summary, as a basic criterion for any investment you may be considering, make sure people have “SKIN IN THE GAME.” In addition, how much of their own money someone has in an investment right along side yours is a good indication of how much confidence they have in their own investment offering.
DO GOOD MAKE MONEY!