The following is simply a Just for Laughs article that is intended to bring about a giggle. Enjoy!
Tired of being a successful investor? By following these rules, you can return to your humble roots and make your less wealthy friends tolerate your company again:
1. Believe in the “Experts”
Why should you do your own stock research when there are “experts” around to do all the work for you? If Jim Cramer thinks Starbucks is going to be hot, just reach for your wallet! Or, if your wealthy brother-in-law knows of a great high-tech IPO, write down the name on a cocktail napkin and call your stock broker in the morning. After all, if they’re so smart, why aren’t they rich?
2. Hire Your Own Personal “Expert”
Speaking of stock broker, we strongly recommend hiring someone to make your investment decisions and transactions for you. After all, if you want to lose your shirt in the stock market, one of the best ways to get the job done is to pay a lot of money in fees and commissions. That way, you take on all the risk yourself, are completely dependent on someone else, and any pesky returns wind up funding your stock broker’s vacation trip to Tahiti, not yours.
3. Rely on Your “Inner Knowledge”
You know those investors who research trends and movements in different industries before they select stocks to invest in? Go ahead and scoff at them. You don’t need book knowledge – just a couple of hunches mixed together with a gut feeling and stirred up with a healthy dose of confidence. While you’re at it, toss your stock analysis software out the window. After all, you already know how to lose your shirt at the horse track (just bet on “Hot Chocolate” in the first race, and “Footy Pajamas” in the second race, because they bring up such fond childhood memories). How hard could it be to achieve the same results in the stock market?
4. Be Optimistic
In the stock market, it’s best to look on the bright side of life, so get out that sunny disposition! We strongly recommend telling yourself affirmations in the mirror every morning (“I am a masterful stock market investor, and dog-gone-it, people like me”) and maybe giving your portfolio a pep talk every now and then, too. Because if you want to lose your shirt, attitude is everything, right?
5. Buy High and Sell Low
It’s no fun to buy when everyone is selling. You feel like, “What kind of fool am I?” On the other hand, when the market is hot, and everyone is in the buy, buy, buy mood, that’s definitely the time to buy. You’ll be sure to lose your shirt when you are forced to sell at a tenth of the price.
6. Turn up your nose at index funds. All of them.
Index funds are for wimps. That includes exchange traded funds, too, like the QQQ. After all, index funds are basically a passive way to achieve the same returns as the market over all, with low overhead. And that’s not what you want, is it?
7. Put all your money in the same basket
If you love robotics, or biotechnology, be sure to invest only in those stocks. And while we’re talking about the same basket, make sure that you not only invest in the same industry, but that you only invest in stocks. None of this diversification nonsense, or a portfolio that includes bonds and cash.
Use these tips and not only will you find out whether your spouse really loves you, you might also land yourself in a lower tax bracket. (Take that, Uncle Sam!)
This is a guest post written by Jim Gianoglio of High Growth Stock Investor. Find out how the HGSI stock tracking and stock portfolio software can help you make informed investing decisions.
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About Michael: A young and savvy, yet experienced and accomplished investments mogul since ‘01; Michael has amassed a fortune as a private self investor. Recently starting his own successful blog and turning it in to a corporation — MIV Investments Inc., a company offering advice to thousands of people worldwide and attracting contracts from various reputable sources. His articles and publications have been linked to Forbes, CNN Money, Reuters, Bloomberg, and many other top worldwide mainstream media sources. |
