and control your own investments
want to be in control
No one cares more about your personal
finances than you - unless they plan to steal your money.
You have a huge advantage over professionals
in the financial markets.
Financial market professionals get their MBA and dive
right into a specialized financial niche. You will not
be better at bond trading than a bond market pro, or better
at trading wheat than a wheat specialist.
can be good at guessing what's next, and learning how
to profit in the almost now best sector to invest. If
you think metals will take off as China's growth continues,
you can research iron, gold, and uranium.
The bond and wheat trader will still
be great at their niche, but that's it.
When in a decade or two you decide everyone
hates stocks and bonds, you can switch back and buy some
stocks. If the professional bond trader is still in business,
he'll still be great at bonds.
You can be a generalist, you can switch
asset classes at will, you can succeed.
It is a great advantage.
big point --find your own brokers and advisors. If
they call you first, hang up.
want to pick someone for price and quality. If they call
you, they want a quick commission, and then it's on to
the next commission. If you call them after due diligence
you will protect what is yours.
your broker on price and service, pick your speculation
on the elements we discuss here or that you learn from
about what you hear on the
news. Read good books on investment and speculation.
Research with free on-line services that provide data.
Do it yourself - for yourself.
you know the asset class in which you want to speculate
- then research the brokers and advisors in that arena.
your own research, or pick a few advisory services after
you have researched them.
want to be in charge.
your money - you are the only one that should make the
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