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My Plan to Make a Fortune over the Next Five Years
There’s never been a better moment for making money than we have right now in 2009 in America.
That’s because the U.S. government is borrowing the rest of the world’s money and dishing it out around America. Meanwhile, everything is on bargain-basement sale… even the casinos along the Las Vegas strip are trading as penny shares. It’s amazing…
In my last DailyWealth column, I told you how Carl Icahn’s using the financial crisis to make a fortune in the Las Vegas casino business. Here’s how I’m going to take advantage of this amazing situation…
First, I’ll save as much money as I can.
This…
27Apr2009 | Stansberry and Associates | 0 comments | ContinuedBuilding Wealth: Using The Dollar Cost Averaging Strategy
Many know dollar cost averaging is a series of equal dollar investments made at regular intervals. But it can also be used as one of the most powerful ways to build wealth.
I know a beautician named Sharon who ran a shop out of her house in a small mountain community. Living off of her husband’s salary, she took what she made from cutting hair and invested it – through dollar cost averaging.
Those haircuts added up. She and her now retired husband are living in their dream home.
Quite simply, dollar cost averaging is a straightforward and functional strategy that can be used…
7Apr2009 | Investment U | 0 comments | ContinuedFive Wall Street Whoppers And Why You Need To Know Them
If you’re like many investors, you are probably sitting on the sidelines right now, unsure of what to do. If you want to buy, you may be thinking “let’s wait a little longer.” If you want to sell, you might be concerned about “missing out.”
Either way (and even if you don’t plan on making either move anytime soon), having a sense of what got us here can keep you from repeating the same mistakes and even help you make smarter financial decisions – particularly when it comes to repairing your portfolio and even growing it in the years ahead.
When it…
19Mar2009 | Money Morning | 0 comments | Continued
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