Thursday, May 21, 2009

My Beliefs On Investing

So... what are your ideas? Your thoughts? Your dreams? Who cares if anyone supports what you want to do? 
The important thing is for YOU to believe. For YOU to ignore the people who say you cannot do it; and DO IT ANYWAY! It takes courage. It takes persistence. It takes believing in the voice inside when no one else does. 
Ideas, dreams and visions are planted within you because you have the ability to make them happen. You'll learn, grow, scramble, fail, and get back up again! The important thing is to simply never give up.

• Every adult in America can be wealthy.
• Everyone can be his own investment counselor.
• Time is the most important ingredient in the formula for accumulating wealth.
• The formula for creating wealth is TIME + COMPOUNDING + MONEY = WEALTH.
• Everyone must have a specifically defined financial investment goal.
• Once we set a specifically defined financial investment goal we must believe it is achievable.
• Everyone must have a specifically defined investment plan to attain his goal.
• The power of compounding is the eighth wonder of the world.
• Compounding can turn insignificant amounts of money into enormous sums.
• Liquid assets are the most important part of your total assets.
• The easiest process that our government gives us to accumulate wealth is our IRA.
• Everyone who believes it is possible to accumulate one million dollars at retirement from
an IRA begun at age 40 will believe there is no limit to the amount they can accumulate
during their lifetime.
• Everyone should have the following three books in his financial library: Psycho-Cybernetics,
The Richest Man in Babylon, and Think & Grow Rich.
• Today is the first day of your financial future.
• “Time is like money . . . you can only spend it once.” . . . . . Bill Brents.

I only trade first 60 minutes of trading day having fun and trading wisely.

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I hope you will learn from my years experience as a professional trader.