NO BULL INVESTING pptx

[...]... much better in the United States Although we were not wealthy by any stretch of the imagination, we did manage to buy a home, a car, and other “creature comforts” that made life more livable Getting enough food and clothing was no longer an issue for me And I was no longer afraid of being beaten, tortured, or killed by street gangs I could walk 6 NO BULL INVESTING to school without looking over my shoulder... and failures Think about your relationships I will elaborate on this highly important fact of life repeatedly throughout this book For now, take my word that life is full of 12 NO BULL INVESTING patterns, and that if we know the patterns—of life, of investing, and of economics—then we have improved our odds of success substantially Time Is More Important Than Price We are all preoccupied with price We... grow is not like learning to play a game of Monopoly Learning how to make your money grow cannot be achieved by sitting in a one-hour class or seminar on investing It’s not as simple as following the advice in a newsletter or taking a stock tip from a friend or relative But it is not nearly as complicated as you might think One thing you will need to remember: Take your time Don’t rush into investing. .. an eternal student, either 22 NO BULL INVESTING DO IT ALONE OR GET A PARTNER? Now you must make yet another decision before you begin to invest your money You must decide whether you will learn the business of investing on your own or with a partner There are good points and bad points about each of these avenues I will examine these more fully in Chapter 9, but for now consider these points: Ⅲ Working... Some of the most well-known analysts, politicians, and scientists staked their reputations on the belief that cataclysmic events—socially, politically, economically, and technologically— would happen when the new millennium started And nothing happened We were warned by the prophets of gloom and doom that banks might close down, that we might not have electricity, that we might not be able to have medical... on a single aspect of investing and make good money, but fail to plan ahead The result is that they lose money either to taxes and inflation or in other investments they should not have ventured into without full information and knowledge In short, you have to learn how to make money, how to keep it, how to make it grow, how to protect it, and how to spend it wisely 18 NO BULL INVESTING C H A P T E... people looking at the same information will not necessarily reach the same conclusions That’s why there are buyers and sellers in any market A piece of property 19 20 NO BULL INVESTING that may seem expensive to one person may be an amazing bargain to another Where opportunities abound for some people, only risk of loss exists for others The first thing you must know about making your money grow and becoming... help anyone achieve the American dream, no matter the level of education, social status, and current profession A FEW OF THE THINGS I LEARNED AND WHY I WANT TO SHARE THEM WITH YOU My experiences have taught me valuable lessons that everyone who wants to achieve financial independence should know and 10 NO BULL INVESTING take to heart Although some of the lessons may not seem especially relevant to you... Although success does indeed depend somewhat on social status, education, political connections, and family wealth, these are not always prerequisites Many self-made millionaires have started with virtually no education, no money, no family influence, no political connections, and no assistance These individuals have made their fortunes based on an idea, on talent, on motivation, on hard work, on persistence,... and therefore likely to go higher if inflation or political unrest became factors in the U.S and world economies Virtually every day, we would venture to the brokerage office to watch the ticker on their large quotation board We were hypnotized by the tape, watching the numbers change 8 NO BULL INVESTING We cheered mentally with every price change in WRT: WRT 3 1/16 3 1/8 3 3/16 We had visions . wealth, these are not always prerequisites. Many self-made millionaires have started with virtually no edu- cation, no money, no family influence, no political connections, and no assistance. These. dur- ing the 20th century. Today, in spite of the economic slowdown and stock market decline that started in late 1999 and 2000, 2 NO BULL INVESTING there are more wealthy people in the United. more information, at 800-621-9621, ext. 4404, or e-mail trade@dearborn.com. ii NO BULL INVESTING C ONTENTS Acknowledgments vi Introduction vii PART ONE PREPARATIONS 1. WANT TO MAKE MORE MONEY?