Category: money
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Time To Get Rich
There’s many unlikely ways to get rich but we want guaranteed success. Using simple language, how can I get rich? Getting a college education and a good job will never make you rich. I’m not channeling new age rich-is-love-not-money propaganda; I’m telling you how it is. Working for money will never carry you beyond the…
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Financial Freedom: Emotional Intelligence Can Be Controlled
The following notes are from Robert Kiyosaki‘s Cashflow Quadrant on page 153: 1.) FINANCIAL FREEDOM — Not security! 2.) MANAGE RISK — Don’t avoid risk! 3.) PLAY IT SMART — Not safe! 4.) HOW CAN I AFFORD IT — Not I can’t! 5.) WHAT IS IT WORTH, LONG TERM — Not it’s too expensive! 6.)…
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Successful Portfolio: Burton Malkiel on Simplicity for Investing
MoneyWatch Investment Mantras 1. Buy index funds. 2. Diversify your assets. 3. Keep costs low. Princeton economist Burton Malkiel says simplicity is key to a successful portfolio.
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Investing in Bond Securities: What is a Bond? (Part 1)
A security is some representation of financial value. Bonds and stocks are examples of securities. The bond is the contract between the bondholder and the organization which describes how the money credited (invested) will be repayed with interest. Bondholders are creditors to an organization, whereas stockholders have an equity stake in an organization. Resources and…
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British Petroleum (NYSE:BP) (Part 4)
I sold BP today at $38.66 (7/26/2010 12:39:35 PM) for a 22% net return which works out to 187% yearly ROI. I’m counting this as a successful first adventure in the world of wall street and stock market speculation. I sold for three reasons: 1. BP topped out at about 39 on July 15th. I…
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Benoit Mandelbrot: Fractals and the Art of Roughness
Benoit Mandelbrot begins with a photo of Romanesco Broccoli. Ends with stock market and the Mandelbrot Set. Have I died and reparticulated in the epicentergy of a mathgasm?