Thursday, December 15, 2005

All Investment is Speculation

Speculation Rules.

Anything you do with your time or money involves risk.

No one cares more about your money than you do.

Keep loses small.

Let profits run.

Buy the book before you but the investment.

When your money and time are on the line, - Speculation Rules!

On this site we will examine these and other facets of investing. Just realize all investments, and even the choice not to invest, have risk.

A lot of risk is hidden. Bonds are said to be low risk, and hence not speculations. Bonds can be terrible investments when interest rates are rising and inflation exceeds the coupon, they are a speculation.

Let's learn some Speculation Rules.

Let's learn to protect what we earn.

Let's learn to earn more.

Let's learn to take control of our own future.

We will make mistakes, but let's keep the loses small.

Let's also learn how to make the few winners big enough to dwarf those many small losses.

Allan

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