It is funny that you mention health, family and faith. All of these have seen a decline in the same years too.

Knowing that you are being taken for a ride is the first step to take control. If you don’t know that something is wrong you won’t act on it.

1% fee – what incentive is this for them to really take care of your money? None, for this you end up in the mutual fund pile like the other clients. Just invest in SPY (s&p 500) and get the same results and save 1% plus fees.

We could go on forever, but as Mikael said no one will take care of your money better than you. At the very least getting educated will help you recognize if something stinks if you still decide to put your money in the hands of these salesman so called “Advisers”.

Regards
.-= Ric´s last blog ..Bankruptcy Newsline =-.

Talking about smart investor, I’m watching Married with Children right now… Al Bundy is a real inspiration of who I don’t want to become!
.-= Nicolas Prudhon@SEO Help´s last blog ..How To Handle Google Webmaster Tools Data Discrepancies =-.

When investing in real estate (which I have done a little) the same basic rule apply. The great deal is done at the time of investment and not when / if the property increases in value.

The trick is to buy at a low enough price to be able to turn it into a cash flow stream.

Well… I’m going of on a rant here…. I guess we can conclude that we agree

“Investing for Capital Gains is Gambling – Invest for Cash Flow”

If you ask Warren Buffet his definition of a good investment, he will tell you:

“A good investment is something that doesn’t need to be fed or repaired…”

A bit extreme to me, but I see the logic in that

I really agree with the concept that as long as you know what you doing, you are not taking “that much risk” as people may think. This leads me to always want to learn more about everything and anything I do or that can affect my life, it’s kind of a self-development virus…

Just because you outsource work doesn’t mean that you don’t need to have some basic knowledge about it, regardless if it’s trading, investing, accounting, marketing, SEO, or anything else you can think of.

Anyway, as long as you grow cash flow and assets, you’ll be building your wealth!
.-= Nicolas Prudhon@SEO Help´s last blog ..How To Handle Google Webmaster Tools Data Discrepancies =-.

“Investing is not risky if you know what you are doing”

And that applies to all kinds of investing (stocks, options, forex, real estate etc.).

I have to admit that I have invested a VERY decent amount in stocks and I know absolutely nothing (or very little) about stocks and the underlying companies.

I guess that is why Warren Buffet is so successful. He doesn’t invest in stocks but rather in the underlying company/business.

Yesterday I put up a new sign on the wall in front of my computer (as a reminder) saying:

“Investing for Capital Gains is Gambling – Invest for Cash Flow”

I actually talk a lot with brokers, and I do often ask then the question whether they trade or not, and almost all the time, they say they don’t because it’s just too risky. This goes along with your security concept.

Conditioning indeed, but this is why we run blogs like what we do!
.-= Nicolas Prudhon@SEO Help´s last blog ..How To Handle Google Webmaster Tools Data Discrepancies =-.

As for the reasoning about traders being employees because they are really not THAT good, it is something that I’ve said for many years.

However I am starting to see it in a different way as I now know that some people prefer SECURITY (which people thinks a JOB will give them) outweighs making a lot of money. There are a lot of places where you will see brilliant people working jobs even though they could make 10-100 times more working for themselves.

Again…. conditioning!

Mikael

You think that they are professionals and they know something that you don’t and by using their services, you won’t have to learn that thing, just sit back and wait for the money to flow.

What we forget is that if they were so good at trading, they wouldn’t be broker, they would be traders no?

But just like everything, there’s not shortcut to success.
.-= Nicolas Prudhon@SEO Help´s last blog ..How To Handle Google Webmaster Tools Data Discrepancies =-.

Why are we taught to trust these professionals??