Thursday, December 22, 2005

How To Make A Million Dollars Investing

Start with two million dollars.

An old story talks about a broker in New York talking to a client about the yachts anchored in the harbor. "That huge one belongs to our owner, that one there belongs to our top broker, that blue one is our economist's yacht." The client then asked; "where are the customer's yachts?"

As a guess most brokerage customer's yachts are anchored in their bath tub.

Joking aside, the time you spend learning about managing your own money is very valuable time. A money manager will be concerned with how he gets paid, and then may be concerned with what investments he recommends.

No one cares more about your money than you do; unless they plan on taking it from you.

If you are to succeed, realize it is you that needs to be in charge of your future.

Learn how to speculate.

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