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THE BATTLE FOR INVESTMENT SURVIVAL
An introduction to the principle of compound interest shows that, an investment that returns a 5% or even 3% rate, over centuries, eventually attains a colossal sum. A million dollars – a decent house these days – invested at a mere 3%, becomes $136 billion in four hundred years. At 5%, it would be $299 trillion.
This doesn’t mean that it is easy to make money. Rather, it demonstrates that it is hard. I don’t know a single example of significant success with this simple strategy. Why not? Many things can happen in four centuries. One thing that seems to happen, with…
4Sep2008 | Daily Reckoning | Comments Off | ContinuedBeware of Penny Stock Misconceptions
Prejudices of Penny Stocks
Don’t ever judge a book by its cover. Chances are…it’s a good book. Otherwise it would have never been published. The same goes for penny stocks…
There are several accusations about penny stocks that can make an investor hesitant and timid to invest because of a “risky no-gainer gamble†stereotype. These statements are exaggerated and erroneous…
Learning the truth about what you heard in the past…might be a wealthy opportunity for the future…
Here is the top three…
Misconception #1: Penny stocks are priced low because they are poor performing companies.
Penny stocks are usually small and newly created companies. While still…
12Aug2008 | The Penny Sleuth | Comments Off | ContinuedThe Surest Way to Double Your Money This Year
If you’re looking to double your money, don’t invest in the markets.
Just buy a 1989 Geo Metro or a 1972 Honda Civic.
Both cars got 40 or more miles to the gallon when they debuted decades ago – performance levels the current generation of hybrids are only now starting to obtain.
With their tiny engines and small frames, the cars have long been denigrated as “putz” mobiles and ridiculed for their hopelessly tacky styling.
But now, they’re the ultimate in geek chic and it’s not difficult to understand why.
These cars are teetotalers when it comes to high-priced gasoline. And their owners, such as…
22May2008 | Money Morning | Comments Off | ContinuedLove of Money: My Financial Confessions
It has been some time since I posted on this topic, but I find myself constantly pondering new ideas and thinking about my own personal finances. Last night I remember lying in bed, eyes wide open, thinking about the common perception and encouragement that most of us feel to spend money that we do not even have. Then you and I are supposed to just turn around and feel completely good about it and fall further and further into the debt trap that spirals out of control. We fill our pockets and houses with junk we don’t even need only…
2Apr2008 | S. Oakes | 1 comment | Continued
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