Post by bounce on Dec 11, 2007 17:40:43 GMT -8
In virtually every walk of life there is a 90 - 10 division.
90% of the productivity is achieved by 10% of the people. The other 10% of the productivity is spread between the 90% that's left.
It's true in shoe sales, insurance sales, used car sales, real estate sales and it's true in other professions as well (legal, medical, sports, etc).
AND, (here's the real point to this post) it's true in investing as well.
10% of the investors make 90% of the gains. How does that happen? What do the few do that's different than the rest? What can YOU DO to be in the top 10%?
It's not necessarily hard, it's just that few people do it.
To achieve what the top 10% avhieve, you have to THINK DIFFERENT.
Most investors (the bottom 90%) THINK that to invest they have to earn money, live on less than they earn, save it up and then look around for a solid, well diversified, stable, safe investment.
That is the guaranteed way to lose.
The top 10% of investors don't think like that.
The top 10% CREATE investments. These people create the investments that the rest would LOVE to buy.
I, for instance, NEVER BUY A PREPACKAGED INVESTMENT from a broker. NEVER - EVER!
I create them.
Prepackaged investments like stock for instance (where you buy a piece of a company that someone else built and runs) will give you stock market returns.
Investments that you put together yourself will generally give ANNUAL returns of 25% - 100% or more!
Exactly HOW I do that will be covered as time goes on, but it's not particularly difficult. You just can't think like the typical "experts" would have you think. Again, I use the word "expert" in quotes to denote cynicism and sarcasm.
"Financial expert" is an OXYMORON! - mostly MORON!
90% of the productivity is achieved by 10% of the people. The other 10% of the productivity is spread between the 90% that's left.
It's true in shoe sales, insurance sales, used car sales, real estate sales and it's true in other professions as well (legal, medical, sports, etc).
AND, (here's the real point to this post) it's true in investing as well.
10% of the investors make 90% of the gains. How does that happen? What do the few do that's different than the rest? What can YOU DO to be in the top 10%?
It's not necessarily hard, it's just that few people do it.
To achieve what the top 10% avhieve, you have to THINK DIFFERENT.
Most investors (the bottom 90%) THINK that to invest they have to earn money, live on less than they earn, save it up and then look around for a solid, well diversified, stable, safe investment.
That is the guaranteed way to lose.
The top 10% of investors don't think like that.
The top 10% CREATE investments. These people create the investments that the rest would LOVE to buy.
I, for instance, NEVER BUY A PREPACKAGED INVESTMENT from a broker. NEVER - EVER!
I create them.
Prepackaged investments like stock for instance (where you buy a piece of a company that someone else built and runs) will give you stock market returns.
Investments that you put together yourself will generally give ANNUAL returns of 25% - 100% or more!
Exactly HOW I do that will be covered as time goes on, but it's not particularly difficult. You just can't think like the typical "experts" would have you think. Again, I use the word "expert" in quotes to denote cynicism and sarcasm.
"Financial expert" is an OXYMORON! - mostly MORON!
