| |
The Best Investment Advice You Will Ever Receive
Everyone is trying to give advice on what to do with your money.There are numerous shows, infomercials, etc... Many charge a lotof money and make huge promises and then you find out it was ascam, bad advice, etc... I am going to show you how I averaged187% returns on all my investments last year and over 500% forthe last 3 years. I will tell you how to prosper in 2006 andmake it your best year ever. And the best thing is I won'tcharge you a penny. This is for real and all my advice is easilyverified. Make 2006 your best year ever!1. Fire your commision based financial planner. Get a fee-basedfinancial planner (look them up on Google). Commission basedlike Prudential, American Express, Allstate, etc... are onlygoing to show you products that give them fat commisions. Inotherwords you will not get the help you really need. And a lotor all of your earnings will be negated and squandered on theseheavy commissions. You need a non-biased financial planner whowill find you the best investments regardles of what company hasthem. Fire your commission based financial planner.2. Never ever buy whole life insurance! It is basically a bigmoney maker for the agent (commissioned financial planner) - itis their highest commission product - why do you think they pushit so hard? Two words are all you need to remember - TERM LIFE!Buy term for twenty years. You will save a ton and it is dirtcheap! Put your life in gear and you won't have to worry aboutanything after those twenty years. Remember term life good -whole life bad.3. Learn to stop impulse buying. If you can't afford to pay cashdon't buy it. Tear up your credit cards except for one emergencycard. The only purpose of a credit card is to make huge profitsfor the bank or store that gave you that card. If you have debtsget a plan together to get them paid off. A fee based financialadvisor can help you with this. Remember, accessories don't makethe man, owning your own home and being financially independentdoes.4. Take 10% of your disposable income and invest it - payyourself first - it works. If you can arrange for your employerto take it out of your paycheck or otherwise make it automaticthat is best. If you don't see it, you won't miss it. If youremployer has a 401K program max it out. Especially if they havea percentage match contribution - thats free money. $50 here anda $100 there may not seem like much, but it will compound fast.And the larger your investments get the more they will make.Ther rich learned that they can only earn so much themselves,but their money can gro to the point where it will earn far morethan you could ever earn. Get started saving and investing.5. Switch your auto insurance to Progressive - Regardless ofwhat the commercials say they are the lowest price, bestservice, and best deal - period! Do you think your local agentand those paid endorsers work for free - they get paid from yourhigher fees and commissions (it has to come from somewhere).Remember it adds up - an extra $200 - $800 saved per year fromyour insurance invested correctly will be worth $20,000 reallyfast.6. Invest in DRIPs - Direct Reinvestment Plans. Many of the topcompanies have these and it allows you to invest for very low orno trading fees (some even give you a discount so it actuallyends up paying you just to invest - I like that). Exxon Mobil(XOM) and Cross Timbers Oil Co. (XTO) are hot oil DRIP's. XTOhas experienced a more than 1200% growth in the past 3 years.Buy it. You need to have a good, solid play in the oil, energysector. They don't have the best dividends, but with theirgrowth who cares? I also recommend buying natural gas - PiedmontNatural Gas (PNY) is the steadiest, safest player in this field.Great dividends and rock solid - it won't give you the gains ofXTO but will average out some of the peaks and lows. Buy it.Remember to get diversified so find a financial DRIP like BancoPopular (BPOP) - a great spanish bank ripe for a takeover thatpays great dividends.7. For instant diversification, steady growth and soliddividends use an ETF (Exchange Traded Fund). Unlike mutualfunds, etf's can be traded throughout the day just like stocks.Choose an ETF that tracks a major or minor stock index (forbetter diversification). I recommend IJR - it provides the bestgrowth and dividend return of the ETF's. Buy IJR. Remember donot put more than 20% of your investment portfolio under any onestock or ETF - diversification is the key to amassing greatwealth.8. Learn that no matter how hard you work for someone else youwill never be paid what you are worth. You will only be paidwhat you are worth when you realize this and decide to go intobusiness for yourself. Do your homework first and pick somethingyou like that can be turned into a moneymaker. Remember 70% ofnew small businesses fail mostly due to poor planning. You willmake mistakes, we all do, but its how you interpret thosemistakes and what you learn from them that makes the difference.9. Whatever your religion, pray and read your bible. If youtrust and have faith in God you will be provided with what youneed. The steps above will provide you with financial freedomand wealth. If you let him, God will provide you withunderstanding, happiness, meaning to life and less stress.Studies have shown that people who pray and have faith arehealthier and live longer. What good does all that money do ifyou can't enjoy it and help others with it? Volunteer. Be a BigBrother. Help others out. Once you have become successful pleasehelp others to do the same. Pray, read your bible and volunteer.There you have it - if you follow this advice you willundoubtedly be well on your way to financial freedom andhappiness. And there's more easily proven and helpful advicehere than in all those infomercials and books you see on TV likeno money down realestate, the greatest vitamin, paytrading,etc... Fire your commissioned investment advisor. Stay away fromWhole Life and only purchase Term Life - you will savetons.Learn to pray and read your bible. Do yourself a favor andprint this out. If you care about your friends give it to them.Put it in your email lists. If you believe in helping others andmaking the world a better place then pass it on to everyone youcan. These ideas and stock tips will provide you and everyoneelse with solid gains for years and a greater chance atfinancial freedom. The best thing is it didn't cost you a cent.Just do me a favor and visit and promote my sites listed below(www.mdwholesale.com and www.bestskinpeel.com).
|
|
