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Lee Hall
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8 months ago
in Rethinking Investing - Part 2 (Plus: Election Thoughts) on The Blog of Author Tim Ferriss
Of course, most of us will never have first mover advantage when it comes to investing. But investing in the bank won't grow our money to get us anywhere, anyhow. Conservative investments over the long term will only lead to conservative result, unless you live for 500 years. The only thing you are left with is investing in the best returning investments possible. Contrary to Mark Cuban, stocks are a better reflection of growth and, hence, returns than what you can get at the bank, or bonds or real estate, and how consistently shown that over time.
The only difference is how you approach your investing:
1 - Only use ETFs because they are cost efficient
2 - Use market volatility to your advantage. Use a volatility indicator, like the VIX, to monitor and exit the market when volatility rises. You don't have to be in it 100% of the time to be in it for the long term.
3 - Use stops to protect your investments
4 - Focus on just a few ETFs as they already effectively diversify your investments
5 - Simple technical indicators like the MACD and Stochastics can be great tools to enter and exit positions when market volatility subsides.
6 - Follow growth. Accelerating growth produces returns (domestically or internationally).
Use your investments as a tool to get you where you want to go. Don't become suckered into believing that if you do what your parents have done, you'll end up on top. You have to make it happen! -CheapLee
The only difference is how you approach your investing:
1 - Only use ETFs because they are cost efficient
2 - Use market volatility to your advantage. Use a volatility indicator, like the VIX, to monitor and exit the market when volatility rises. You don't have to be in it 100% of the time to be in it for the long term.
3 - Use stops to protect your investments
4 - Focus on just a few ETFs as they already effectively diversify your investments
5 - Simple technical indicators like the MACD and Stochastics can be great tools to enter and exit positions when market volatility subsides.
6 - Follow growth. Accelerating growth produces returns (domestically or internationally).
Use your investments as a tool to get you where you want to go. Don't become suckered into believing that if you do what your parents have done, you'll end up on top. You have to make it happen! -CheapLee
8 months ago
in Investment Series Preview: The “Good Bye and F__k You” Letter on The Blog of Author Tim Ferriss
Goodbye. Good luck and good choice. I think others of such high caliber don't want to make the same decision simply because then they would have to create from within, instead of amass activities to deflect any sort of true introspection.
There is so much to do or to contribute on this planet that does not revolve around feeling important or omnipotent or competitively driven. Unfortunately, it's not the systems (ie Capitalism) we design but who we are as humans. And only the truly self-actualized will have that epiphany and the courage to strike out into a new direction.
This reminds me of one of the best movies I have ever seen - Network, where they say, "I am mad as hell, and I am not going to take it anymore." An excellent, but scary adaption of what the world has become - only it was filmed 30 years ago!
There is so much to do or to contribute on this planet that does not revolve around feeling important or omnipotent or competitively driven. Unfortunately, it's not the systems (ie Capitalism) we design but who we are as humans. And only the truly self-actualized will have that epiphany and the courage to strike out into a new direction.
This reminds me of one of the best movies I have ever seen - Network, where they say, "I am mad as hell, and I am not going to take it anymore." An excellent, but scary adaption of what the world has become - only it was filmed 30 years ago!
8 months ago
in Welcome to Finance Your Freedom on Finance Your Freedom
Seems to be a bummer that content site aren't the ones that make money, rather simple splash pages that promote an affiliate product. Don't get me wrong. I enjoy writing. And I love doing it. But I also want to be able to create an alternative lifestyle.
Lately, I have been hammered by PPC "get rich quick now" with keyword rich long tails and escalating CB affiliates. It seems so crowded now that I am unsure of what works.
I surely would like to see a sample site or two, or discover what really works, and what has already been "soaked."
Thanks... Lee
Lately, I have been hammered by PPC "get rich quick now" with keyword rich long tails and escalating CB affiliates. It seems so crowded now that I am unsure of what works.
I surely would like to see a sample site or two, or discover what really works, and what has already been "soaked."
Thanks... Lee
10 months ago
in Work from Home & Lifestyle Design Renegades: Chris McCombs on Finance Your Freedom
Great interview. Chris' story is a powerful testament of what can be done if you are able to focus your talents and efforts into a direction that brings success. And better marketing approaches, as outlined in this interview, can really make a difference in time and money. Thanks again. -Cheaplee
11 months ago
in Total Immersion: How I Learned to Swim Effortlessly in 10 Days and You Can Too on The Blog of Author Tim Ferriss
This sounds very similar to modeling, and has been proven effective to learning new things. As long as you have an expert, who is willing to teach, teach you all they know, in a format that makes it easy to learn, you will quickly step up to a higher level. Unfortunately, modeling works best with a real expert, someone who has actually won championships, etc. This why reading a just an ordinary book on a topic may not as effective learning.
Practice only makes perfect when you are able to first practice perfectly.
Practice only makes perfect when you are able to first practice perfectly.