A Great Speculator Reveals Some Tools

Read the following report:

A Case Study In Political Risk And How To Profit From It - by Doug Casey.

This is well worth the read.

Those that would tell you investments are safe and speculations are dangerous are trying to sell you something. Both investment and speculations are dangerous.

The real difference is that an investment is sold to you - and someone else says they will manage it for you. A speculation is sought out, analyzed, and as much as possible understood. Your investment market entry and exit strategy is your own - based on reason not emotion.

With an investment you trustingly turn over your money and wait - watching passively as it raises and falls, waiting for your adviser to tell you to unload so they can sell you something else.

With a speculation you watch not only your money, but you follow guidelines you have established to protect your wealth. Guidelines such as:

• No one cares more about your money than you do - unless they plan on stealing your money.
• Let your profits run
• cut your losses short while they are still small
• start with a small investment and phase in as you win

Manage your own money - make your own decisions - develop, or borrow others speculation guidelines.

It's your money - you want to be in charge.

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