Tweak

InsaneJournal

Tweak says, "SAILING MISHAP!!"

Username: 
Password:    
Remember Me
  • Create Account
  • IJ Login
  • OpenID Login
Search by : 
  • View
    • Create Account
    • IJ Login
    • OpenID Login
  • Journal
    • Post
    • Edit Entries
    • Customize Journal
    • Comment Settings
    • Recent Comments
    • Manage Tags
  • Account
    • Manage Account
    • Viewing Options
    • Manage Profile
    • Manage Notifications
    • Manage Pictures
    • Manage Schools
    • Account Status
  • Friends
    • Edit Friends
    • Edit Custom Groups
    • Friends Filter
    • Nudge Friends
    • Invite
    • Create RSS Feed
  • Asylums
    • Post
    • Asylum Invitations
    • Manage Asylums
    • Create Asylum
  • Site
    • Support
    • Upgrade Account
    • FAQs
    • Search By Location
    • Search By Interest
    • Search Randomly

abio_1998 ([info]abio_1998) wrote,
@ 2010-06-23 01:25:00

Previous Entry  Add to memories!  Tell a Friend!  Next Entry
But I was not after their money; I was seeking...
But I was not after their money; I was seeking their knowledgeIn some cases, these people who had money have become dear friends, but not all
But there is one distinction that I would like to point outI've noticed that my friends with money talk about moneyAnd I do not mean bragThey're interested in the subject So I learn from them, and they learn from meMy friends, whom I know are in dire straits financially, do not like talking about money, business or investingThey often think it rude or unintellectualSo I also learn from my friends who struggle financiallyI find out what not to do
I have several friends who have generated over a billion dollars in their short lifetimesThe three of buy chanel bags them report the same phenomenon: Their friends who have no money have never come to them to ask them how they did itBut they do come asking for one of two things, or both: 1

A WARNING: Don't listen to poor or frightened peopleI have such friends, and I love them dearly, but they are the "Chicken Littles" of life When it comes to money, especially investments, "The sky is always falling They can always tell you why something won't workThe problem is, people listen to them, but people who blindly accept doom-and-gloom information are also "Chicken Littles As that old saying goes, "Chickens of a feather agree together
If you watch CNBC, which is a goldmine of investment information, they sacs hermes often have a panel of so-called "experts One expert will say the market is going to crash, and the other will say it's going to boomIf you're smart, you listen to bothKeep your mind open because both have valid pointsUnfortunately, most poor people listen to "Chicken Little
I have had more close friends try to talk me out of a deal or an investmentA few years ago, a friend told me he was excited because he found a 6 percent certificate of depositI told him I earn 16 percent from the state governmentThe next day he sent me an article about why my investment was dangerousI have received 16 percent for years now, and he still receives 6 percent
I would say that one of the hardest things about 925 tiffany's necklace wealth building is to be true to yourself and be willing to not go along with the crowdFor in the market, it is usually the crowd that shows up late and is slaughteredIf a great deal is on the front page, it's too late in most instancesAs we used to say as surfers: "There is always another wave People who hurry and catch a wave late usually are the ones who wipe out
Smart investors don't time marketsIf they miss a wave, they search

for the next one and get themselves in positionWhy this is hard for most investors is because buying what is not popular is frightening to themTimid investors are like sheep going along with the crowdOr their greed gets them in when wise investors have knock off tiffany jewelry already taken their profits and moved onWise investors buy an investment when it's not popularThey know their profits are made when they buy, not when they sellAs I said, they do not time the marketJust like a surfer, they get in position for the next big swell
It's all "insider trading There are forms of insider trading that are illegal, and there are forms of insider trading that are legalBut either way, it's insider tradingThe only distinction is how far away from the inside are you? The reason you want to have rich friends who are close to the inside is because that is where the money is madeIt's made on informationYou want to hear about the next boom, get in and get out before the next chloe paddington bags b


(Post a new comment)



Home | Site Map | Manage Account | TOS | Privacy | Support | FAQs