• Take control of your own financial future.  Once we can simplify the seemingly complicated world of investing and realize that it really is not a difficult game to play we can achieve success.  

  • I am a big believer in the adage that ‘nobody cares about your money as much as you’ and hence you and only you should be accountable for your money.  People buy into the fear mongering forwarded by investment specialists who try to bedazzle and baffle people into thinking only fools try to manage their own money.  What a bunch of hooey!  Sure you have to put a little effort and interest into caring for your finances but I think this is effort and energy well spent.  None of the financial specialists will lose a wink of sleep if your retirement portfolio is not adequate when that day arrives and you do not want to realize once it’s too late that you should have spent a little more time on your financial security.

 

  • If you have read this far and are not cursing me yet than consider these simple rules:

*Earn as much as you can in the time devoted to work/job/occupation* Spend a lot less than you earn* Invest the money you have saved but do not be scared to  sit on cash if no other investments seem reasonable* Develop your own investment strategy based on your true tolerance for risk - now is a great time for a gut check regarding risk tolerance* “Buy Low and Sell High” is a more valuable guideline than “Buy, Hold and Prosper”.  My personal investment philosophy is based on high-risk tolerance and bargain-finding rather than momentum riding.  I have not had the stomach to invest my hard-earned dollars into Blue Chips since about 2003 because most stocks always seemed too expensive.  These current economic events have provided me the opportunities for which I have been waiting for years.  I have decided that this is not the end of capitalism and that stabilization WILL occur followed by growth.  Another stock bubble is sure to occur, be it in 5 or 15 years.  When I determine that any particular holding of mine is very popular, then I will sell to the masses who must have stock in the company de jour.  

  • Investicacy is like drug addiction: when stocks are riding high and going higher and higher every month things are great but when the crash hits after the high life is very, very bad.   Do not get sucked into this pattern.  Be happy to sell to the market when life is flying high but also be ready to buy when things could not get worse.  Why would you hold onto a stock that is so wanted by others?  

 

  • One way to build real wealth through stocks is by understanding Bubbles and accepting them as the way business is done.  It is just so and you cannot change it so ‘Buy, Sell and Prosper’.

 

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