NOVA WEALTH MANAGEMENT

THE NOVA COMMANDMENTS

I.  You must hire an advisor that isn’t afraid to say “no”.

II.  Anything that costs more than 1% of your annual income should be considered an investment, not just a purchase, and needs real due diligence.

III.  Be completely aware of the pros and cons of every investment. Know what you are paying for, so you don’t get taken advantage of.

IV.  Don’t let the two most powerful emotions ruin your chances of building and keeping wealth: Greed and Fear.

V.  Don’t spend money you don’t have by knowing the difference between what you need and what you want to need.

VI.  Set your investment goals, and don’t change them just because the market changes.

VII.  You can never get hurt taking gains, so make sure you have a strategy of when to sell.

VIII.  Create a budget and stick to it. *Remember, emergencies are a given, so plan for them.

IX.  Don’t make long term mistakes by looking for short term gains.

X.  You can’t help others if you don’t help yourself first.