Thursday, December 22, 2005

Buy The Book Before The Speculation

Your best wealth protection is knowledge.

It is amazing the number of people that will put their future on the line based on the recommendation of a salesman.

Your broker is there to make commissions, not to study the market. If you walk into his office you will find him on the phone trying to get more customers so he can replace you when you go broke. If he knew how to speculate profitably he would. What he knows is how to sell.

Before you invest a dime, study the market you are going to enter. Then find the cheapest broker that knows how to put in an order properly; check his firm to be sure they are sound.

For the cost of a commission or two you can buy several books. For the money you could lose by not being aware, you could buy a library.

Ten years from now your returns will be far better for spending some time learning to speculate now. A short delay to read before you start speculating can only make a positive difference.

The trade of the century comes several times a year.

Study so as to be ready for it.

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