Investors Prosper With Wealth Building Pyramid Portfolios. Pyramid portfolio strategy is one of the best things a new investor can learn. Investors can build financial security and retirement independence using the pyramid inspired portfolio approach. Any investor from the newest beginner to the most knowledgeable, advanced and experienced, can learn and use the pyramid portfolio strategy. No job or employment can possibly pay you as well, over a lifetime, as investing can. You will gain more from the hours used to learn and manage your own investments than from any other activity in your lifetime.
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Step 2 Save to Build Wealth – Pay Yourself 1st. Save as much as possible as fast as possible. Get debt under control, then save as much as you can as fast as you can. The one – two punch of debt control and saving gives you the fastest and best way to begin your path to wealth. Beginning is the most important part. Begin today. Just decide that today you start your journey to financial security.
1ST Step to Wealth – Debt Control. Debt control – Your first, critical and most important step to wealth. Without control of debt you and your family have no hope of being wealthy. Learn this and teach your children to begin their path to financial security. Last discussion we touched on the three proven steps to wealth established over many generations by numerous families. Additionally, any self made person wishing to pass on their success must give this knowledge to their children. Today we further examine that 1st step, debt control. Borrowing and debt control – borrow the minimum – pay back as fast as possible
3 Wealth Building Steps. Short of inheriting wealth, winning the lottery or starting Facebook you need to get rich from your own efforts. You can do that. You can choose to follow a well worn and proven path already taken by many others as the steps to getting rich. Know and follow three simple rules as the steps to getting rich: 1. Borrow – Debt Control – borrow the minimum and pay as fast as possible. 2. Save – Pay yourself 1st – save as much as possible as fast as possible. 3. Learn – Investing – become a knowledgeable investor.
For investing success, control actions – use emotions! As an investor, emotions are as intimate to you as your heart or brain. To be the best investor you can be, you absolutely must control your actions, your behavior. Do not waste a scintilla of time or an iota of energy attempting to control your emotions. Rather control your response to emotions – your actions. Your very useful emotions help you. A seismic shift in investor thinking has been under way for a very long time. Now going mainstream, emotions are being acknowledged as a core part of the investing behavior of humans. In fact I should more correctly present the topic as the psychology of humans making financial decisions.
Win by picking winners!
Look among the stock market leaders for the winners. That is how to find stocks that consistently make you money. Stocks that lead the charge upward in bull markets consistently produce profits for shareholders. Go there and pick among the leaders to build a portfolio of winners.
Investment danger impatience zaps wealth. Let rising stocks add to your wealth. Early selling takes away all your upside potential wealth.
How to play a stock price dip covers dips as excellent buying opportunities. Part 6 of the 7 Part Playing Market Odds series. Think of a stock price dip as either good or bad depending on the context. Buy the good, sell the bad. A good dip presents a gift of profit but a bad one vaporizes capital. So, yes, do buy good dips. It can be a very profitable strategy. We just need to buy the right dips and sell or avoid the wrong ones. To sort that out requires us to establish some guidelines. Price dip triggers: News – the facts change, Rumor – true or false, Opinion – analysts or large investor, Fatigue – shareholders tire or give up, Trading – indifferent, sloppy or emotional.
3 Times yes or investors say no! The economy, market and company must all say yes or we answer no! White Top View series: Playing Market Odds, discusses how superior investors play market odds and avoid common investment errors. This Part 3 of the series, covers how superior investors wait for three positive signals before investing. Before investing we research the facts on the economy as well as the market and company. The economy, market and the company information must all give positive signals or we say no to investing.
6 Sins of new investors, introduces 6 common investing sins and opens a seven part White Top View series, Playing Market Odds. The investing sin list: making investments based only on a media report, investing without research, holding investments that are losers, investing in turnaround or bankrupt companies, averaging down by buying more of a loser, not learning about or paying attention to investments. These 6 investing sins of beginners are mistakes that have the nasty habit of being costly. We learn about them, avoid them and quickly correct the mistakes we make.