How to Profit in Uncertain Times
By Richard Gibbons March 19, 2008
We're living in uncertain times. Is the housing market only months away from recovery, or has the fall barely begun? Is the economy slowly sliding into recession, or have we seen the worst of it?
This is a trying time for investors. If you have no idea whether consumers will still be buying big-ticket items over the next few years, how can you possibly decide whether, say, Ford (NYSE: F) is a good investment?
Although it might seem contradictory, you can make uncertainty work for you. The most unpredictable stocks can sometimes be the best opportunities.
Flipping coins
Investors often equate unpredictability with risk, but these are two very different concepts.
For instance, suppose I offered to play a betting game with you. You'd give me a dollar. Then we'd flip a coin. If the coin came up heads, I'd give you $2. If it came up tails, I'd give you $10.
Now, this is a very uncertain game. In any flip, your profit varies dramatically from $1 to $9. But it's not a very risky game. There's no way for you to lose money. You'd have to be the witless descendant of subnormal baboons not to want to play.
Of course, the odds may not always be that good. But as respected value investor Mohnish Pabrai wrote in The Dhando Investor, you should aim for situations where the situation is at least "heads, I win; tails, I don't lose too much."
Profiting from uncertainty
Stocks sometimes offer a similar opportunity in which the outcome of a situation is unclear but not particularly risky. Regardless of what happens, the stock will do well.
For instance, think back to MasterCard's (NYSE: MA) IPO in the summer of 2006. At the time, the market was concerned about litigation. MasterCard had lost a merchant lawsuit in 2003 that was costing the company $100 million annually until 2012.
Profiting from uncertaintyStocks sometimes offer a similar opportunity in which the outcome of a situation is unclear but not particularly risky. Regardless of what happens, the stock will do well.
For instance, think back to MasterCard's (NYSE:) IPO in the summer of 2006. At the time, the market was concerned about litigation. MasterCard had lost a merchant lawsuit in 2003 that was costing the company $100 million annually until 2012.
What's more, MasterCard had for years prohibited financial institutions from issuing competing cards. This strategy helped keep out competition, but it also resulted in a big lawsuit from American Express (NYSE:) and Discover (NYSE: ) on charges of anticompetitive practices.
Investors were scared, because it was unclear how much the lawsuit would cost, but the number was likely north of a billion dollars. However, when Philip Durell, advisor of our Inside Value newsletter, looked at the situation, he noticed something strange.
If the litigation didn't result in a huge judgment against MasterCard, then the company was insanely undervalued. Yet if a big judgment did come down, then the stock was "only' very undervalued. Heads, we win. Tails, we win even more.
Naturally, he recommended the stock to subscribers at a price below $50. The lawsuit still hasn't been resolved, though Visa settled a similar lawsuit for $2.25 billion. The stock, however, is now trading for more than $200.
Roll the diceOften, this scenario arises simply because uncertainty drives the price of a stock to extremely low levels. Altria (NYSE: MO) periodically plummets because of fear over lawsuits, even though the lawsuits will probably never bankrupt the company. In fact, Altria has been one of the best long-term performers in the market, and the uncertainty has just provided buying opportunities.
Of course, when buying in unpredictable times, you have to make sure that, no matter what, you're unlikely to lose much. For instance, although MBIA (NYSE: MBI) looks cheap if the housing market recovers, it's not clear that the company won't end up diluting earnings per share if the economy continues to sputter.
Similarly, Capital One (NYSE: COF) will probably head out of the stratosphere if it hits its estimates over the next of couple years, but it's unclear how leveraged unsecured lenders will cope if the economy worsens.
The Foolish bottom lineThe key to investing in uncertain times is to focus particularly on undervalued stocks while you analyze all of the potential outcomes, including the downsides. You can't go wrong buying stocks that offer huge returns if things go right but stand to at least break even in a worst-case scenario.
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Showing posts with label SMART TRADER. Show all posts
Showing posts with label SMART TRADER. Show all posts
Friday
Buying Stock?
A $10,000 investment is worth more than $4.5 million today
Take Wal-Mart for example. Not long after Sam Walton figured out how to bring powerful consumer access to suburban and rural America, some forward-thinking investors grabbed up shares. The really smart ones held on tight...
Now to billions of people around the world, Wal-Mart is the place you go to buy tootsie rolls, a ping pong table, motor oil, diapers, a microwave, ice skates -- you name it, all at great prices.
What has Wal-Mart's stock done since 1980 (a full decade after it went public) through all kinds of up and down markets... all kinds of inflation... deflation... rising dollar... falling dollar... and a couple of wars?
With shares trading around $51 today, Wal-Mart has risen 467 times in value over the past 28 years. That's 25% annual growth -- every year for over a quarter century!
Let's face it, getting in on a blockbuster investment like Wal-Mart in 1980 was a life-changing event for early investors.
The same can be said for getting into Nike in 1987, just as that stock went on a historic run, making over 5,000% for its early investors.
And Starbucks went from zero to full-blown global phenomenon practically in the blink of an eye - another bonanza for early investors!
Companies like these don't come along too often. And that's precisely the reason for this email.
The customer is king
Did you know that the average company loses more than half its customers every 5 years? Why?
It's simple. Most companies start to think they're more important than their customers. And they get greedy, too. That's when they try to stick it to their customers in ways they don't think their customers will notice. I'm talking about excessive fees on things like hotel phone bills... rental-car gas charges... credit card fees, to name a few.
Or they cut customer benefits, while raising prices. What happens? Customers start to feel ripped off and they look for alternatives. And once they're gone, they're near impossible to get back.
That's just dumb. Yet it happens all the time.
Some companies, however, have kept the "customer experience" front and center. Remember the Starbucks example? Or take Apple for instance, they pride themselves on dreaming up what customers want before they know it...
Always a better product, always a better customer experience. And what has Apple's stock done? Shares have soared -- up 1,543% in the last 5 years.
Take Wal-Mart for example. Not long after Sam Walton figured out how to bring powerful consumer access to suburban and rural America, some forward-thinking investors grabbed up shares. The really smart ones held on tight...
Now to billions of people around the world, Wal-Mart is the place you go to buy tootsie rolls, a ping pong table, motor oil, diapers, a microwave, ice skates -- you name it, all at great prices.
What has Wal-Mart's stock done since 1980 (a full decade after it went public) through all kinds of up and down markets... all kinds of inflation... deflation... rising dollar... falling dollar... and a couple of wars?
With shares trading around $51 today, Wal-Mart has risen 467 times in value over the past 28 years. That's 25% annual growth -- every year for over a quarter century!
Let's face it, getting in on a blockbuster investment like Wal-Mart in 1980 was a life-changing event for early investors.
The same can be said for getting into Nike in 1987, just as that stock went on a historic run, making over 5,000% for its early investors.
And Starbucks went from zero to full-blown global phenomenon practically in the blink of an eye - another bonanza for early investors!
Companies like these don't come along too often. And that's precisely the reason for this email.
The customer is king
Did you know that the average company loses more than half its customers every 5 years? Why?
It's simple. Most companies start to think they're more important than their customers. And they get greedy, too. That's when they try to stick it to their customers in ways they don't think their customers will notice. I'm talking about excessive fees on things like hotel phone bills... rental-car gas charges... credit card fees, to name a few.
Or they cut customer benefits, while raising prices. What happens? Customers start to feel ripped off and they look for alternatives. And once they're gone, they're near impossible to get back.
That's just dumb. Yet it happens all the time.
Some companies, however, have kept the "customer experience" front and center. Remember the Starbucks example? Or take Apple for instance, they pride themselves on dreaming up what customers want before they know it...
Always a better product, always a better customer experience. And what has Apple's stock done? Shares have soared -- up 1,543% in the last 5 years.
Wednesday
How to bottom-fish for stocks
Here are some calculations to help you decide when the risk of buying a stock is worth it. If you'd rather not attempt the math, don't worry -- I'll do some of it for you.
By Jim Jubak
Tired of trying to figure out if the Jan. 22 low was the bottom for stocks? Whether the recent rally will hold or turn into a massive bear trap? Whether to buy now or wait until, well, until who knows when?
Today, I'm going to put you out of your misery and tell you when it's time to buy.
No, I'm not going to call a bottom for the stock market as a whole. (Cue the boo birds.) I don't think anyone is in a position to do that. What I'm going to do instead is show you how to calculate a fair-value price for an individual stock and how to use that to figure out when to buy. This method won't tell you when a stock has hit its absolute bottom, but it will tell you when the price is low enough and the potential return high enough to justify the risk of getting in too early.
It's not about calling a bottom but learning how to bottom-fish.
As guinea pigs, I'm going to use the stocks I picked in my Jan. 29 column, "10 stocks to buy after the bloodbath." And don't worry if you see this column veering toward the dreaded land of Math. I'll do all the hard work and give you fair-value prices for each of these 10 stocks at the end of the column without any heavy lifting on your part.
2 key numbers The simplest method for figuring out a fair value for a stock starts with the company's projected earnings for the next year and some estimate of a company's appropriate price-to-earnings, or P/E, ratio. Multiply the two and you've got what the stock should be worth in a year.
For example, Wall Street analysts, on average, expect Chevron (CVX, news, msgs), one of my 10 stocks for after the bloodbath, to earn $9.33 a share in 2008. Using the Feb. 15 P/E ratio of 9.4, a fair value for Chevron shares is $87.70. That's above the Feb. 15 close of $83.60 but only about 5% above that price. Holding for the rest of 2008 to make 5% (plus dividends), which is by no means guaranteed in a risky stock market and a slowing economy, isn't my idea of a great investment.
(A target price is different from fair value, in my opinion, because a target price takes into account market conditions, including investor sentiment and momentum. So a target price can be, for periods of a year or less, above or below fair value. You can make money, for example, buying above a fair-value price if the stock market is in a strong bull rally.)
Resting on assumptions Of course, this method is only as good as the two data points that go into it. The Wall Street earnings consensus can be wrong. In my example, though the average of the analyst estimates is $9.33 a share, the high is $10.75, and the low is $7.85. Somebody's wrong.
Or maybe the P/E ratio is out of line. Chevron trades at a P/E ratio of 9.4 now, but over the past 10 years it has traded at a P/E ratio as low as 7.8 and as high as 76.6.
The stock market rallied during the first couple of weeks of February, and seasonal stock-market patterns suggest the market should continue the upward trend. However, if stocks take a downturn, MSN Money's Jim Jubak says, it could be an indication we're still in a bear market.
You can see what a difference these assumptions make by going to the target-price page of the Stock Research Wizard on MSN Money. This tool will plug in the high, low and average earnings estimates and the current company and industry average P/E ratios, and then calculate a target price. The resulting prices for the next year range from $74 to $102 a share.
By Jim Jubak
Tired of trying to figure out if the Jan. 22 low was the bottom for stocks? Whether the recent rally will hold or turn into a massive bear trap? Whether to buy now or wait until, well, until who knows when?
Today, I'm going to put you out of your misery and tell you when it's time to buy.
No, I'm not going to call a bottom for the stock market as a whole. (Cue the boo birds.) I don't think anyone is in a position to do that. What I'm going to do instead is show you how to calculate a fair-value price for an individual stock and how to use that to figure out when to buy. This method won't tell you when a stock has hit its absolute bottom, but it will tell you when the price is low enough and the potential return high enough to justify the risk of getting in too early.
It's not about calling a bottom but learning how to bottom-fish.
As guinea pigs, I'm going to use the stocks I picked in my Jan. 29 column, "10 stocks to buy after the bloodbath." And don't worry if you see this column veering toward the dreaded land of Math. I'll do all the hard work and give you fair-value prices for each of these 10 stocks at the end of the column without any heavy lifting on your part.
2 key numbers The simplest method for figuring out a fair value for a stock starts with the company's projected earnings for the next year and some estimate of a company's appropriate price-to-earnings, or P/E, ratio. Multiply the two and you've got what the stock should be worth in a year.
For example, Wall Street analysts, on average, expect Chevron (CVX, news, msgs), one of my 10 stocks for after the bloodbath, to earn $9.33 a share in 2008. Using the Feb. 15 P/E ratio of 9.4, a fair value for Chevron shares is $87.70. That's above the Feb. 15 close of $83.60 but only about 5% above that price. Holding for the rest of 2008 to make 5% (plus dividends), which is by no means guaranteed in a risky stock market and a slowing economy, isn't my idea of a great investment.
(A target price is different from fair value, in my opinion, because a target price takes into account market conditions, including investor sentiment and momentum. So a target price can be, for periods of a year or less, above or below fair value. You can make money, for example, buying above a fair-value price if the stock market is in a strong bull rally.)
Resting on assumptions Of course, this method is only as good as the two data points that go into it. The Wall Street earnings consensus can be wrong. In my example, though the average of the analyst estimates is $9.33 a share, the high is $10.75, and the low is $7.85. Somebody's wrong.
Or maybe the P/E ratio is out of line. Chevron trades at a P/E ratio of 9.4 now, but over the past 10 years it has traded at a P/E ratio as low as 7.8 and as high as 76.6.
The stock market rallied during the first couple of weeks of February, and seasonal stock-market patterns suggest the market should continue the upward trend. However, if stocks take a downturn, MSN Money's Jim Jubak says, it could be an indication we're still in a bear market.
You can see what a difference these assumptions make by going to the target-price page of the Stock Research Wizard on MSN Money. This tool will plug in the high, low and average earnings estimates and the current company and industry average P/E ratios, and then calculate a target price. The resulting prices for the next year range from $74 to $102 a share.
Tuesday
Learn The Basic Principle
Learn the Basic Principle
Part 5
We live in a world of duality. Up and down, light and dark, hot and cold, in and out, fast and slow, right and left and many more and it happen to the stock market. These are examples of the thousands of opposite poles. For one pole to exist, the other pole must also exits. sAll stand a possible change to win and to lose.
We learn to adjust ourselves to which direction we are heading with confidence. Some of us might don’t realize that we are working hard just to make some one else rich. Believing in your own skills and abilities to practice smartly with the knowledge we have learned we can achieve better result. Many of us have been trying hard to get good result and realize it’s not so difficult to master certain strategies any more.
Wealth Principle
Why is knowledge and self confidence important?
We have heard people who have “blown up” financially? Have you noticed how some people have a lot of money and then lose it, or have excellent opportunities start well but then go sour on them? It happens in the stock market without knowledge and denying checking the company fundamental statement. Now you know the real cause. On the outside it looks like bad luck, a downturn in the stock market, a lousy stock, company or whatever comments. On the inside, however, it’s another matter. If you don’t dare or not ready for it, the chances are your wealth will be short-lived and you will lose it.
The vast majority of people simply do not have the internal capacity to create and hold on to large amounts of stock money and the increased challenges that go with more money and success. The reality is that most people do not reach their full potential. Most people are not successful.
The reason is simple. Most people are unconscious. They are a little asleep at the wheel. They work and think on a superficial level of life – based only on what they can see and do. They live in the visible world.
One major difference I found between a successful person and an unsuccessful one in a similar career field is that the successful person cans Produces Results and the other one does not. I believe God has a purpose for each and every one of us. He must have given each of us a talent and responsibility to multiply for the benefit to success and share with the community we live in. We must willing to excel in our career in what ever we are talented in and must not defer any crucial action. Take steps to multiply that talent of yours as soon as possible. I believe you all certainly get positive results.
Part 5
We live in a world of duality. Up and down, light and dark, hot and cold, in and out, fast and slow, right and left and many more and it happen to the stock market. These are examples of the thousands of opposite poles. For one pole to exist, the other pole must also exits. sAll stand a possible change to win and to lose.
We learn to adjust ourselves to which direction we are heading with confidence. Some of us might don’t realize that we are working hard just to make some one else rich. Believing in your own skills and abilities to practice smartly with the knowledge we have learned we can achieve better result. Many of us have been trying hard to get good result and realize it’s not so difficult to master certain strategies any more.
Wealth Principle
Why is knowledge and self confidence important?
We have heard people who have “blown up” financially? Have you noticed how some people have a lot of money and then lose it, or have excellent opportunities start well but then go sour on them? It happens in the stock market without knowledge and denying checking the company fundamental statement. Now you know the real cause. On the outside it looks like bad luck, a downturn in the stock market, a lousy stock, company or whatever comments. On the inside, however, it’s another matter. If you don’t dare or not ready for it, the chances are your wealth will be short-lived and you will lose it.
The vast majority of people simply do not have the internal capacity to create and hold on to large amounts of stock money and the increased challenges that go with more money and success. The reality is that most people do not reach their full potential. Most people are not successful.
The reason is simple. Most people are unconscious. They are a little asleep at the wheel. They work and think on a superficial level of life – based only on what they can see and do. They live in the visible world.
One major difference I found between a successful person and an unsuccessful one in a similar career field is that the successful person cans Produces Results and the other one does not. I believe God has a purpose for each and every one of us. He must have given each of us a talent and responsibility to multiply for the benefit to success and share with the community we live in. We must willing to excel in our career in what ever we are talented in and must not defer any crucial action. Take steps to multiply that talent of yours as soon as possible. I believe you all certainly get positive results.
Wednesday
Learn The Basic
Learn The Basic
Part 4.
We have learned the 5 basic strategies about option trading in the US Market.
If we follow the rules seriously, you will see the result of 70% win and 30% loss or even gain more than loss. Most important thing is to win big and loss a little. Mirriam MacWilliams, who is our Chief Options Trainer and is the former National Director of Education of the largest US Investors Club, made US$2,039,492.00 profit in the stock market, with a starting capital of only US$10,000 within 2 years.
She taught us very simple strategies and easy to follows in order to be smart trader in the US market and so far we have learn that many students have claiming achieving extraordinary success.
As beginners you find it confusing to understand when you want to gain as much knowledge as possible and the same time do not seem to be able to do presently.
I believe that every person is endowed by nature to have at least one gift of talent.
Your friend may ask you how to cultivate self-confidence toward successful trading.
There are two major reasons why people lack confidence. Some people are easily overwhelmed and taking the advice from friend who is no knowledge on what business you are doing and no confidence of themselves.
People who subconsciously believe that buying stock is a form of gambling will more than likely end up losing their money. Some company business either small or big are investing in the equity market indirectly investing into stock market and making profit to pay out dividend and bonuses to their investors. Thought and minds fears them driven by personal experiences of family members or friends who lost money on the stock market during the economic crisis and as and when market was in the downtrend.
People who know what they should invest in for the long run, but they do not know where to begin, what to buy, when to buy, how long to hold it for etc. Some may not following correct direction and leave their financial decisions to the professionals, and cannot tell you why they own a particular stock or fund. Their investment decision is limited and confuse when this stock price going up, they buy it: “that stock is going down, we should sell it now.” This group is in far more danger than the first.
The stock market has now turned into the investment vehicle of choice globally to grow wealth for laymen like you and me. This trend, coupled with advances in trading technology, has opened up the stock market that we can all own and invest in stocks today.
More often, you will get a lot of wrong information, especially from speculators and close friends who do not have much knowledge about stock and want to get rich quick are most likely end up losing in the stock market in a very short time. Actually, stocks can create massive amounts of wealth; it is not without its risks. The only solution to this is awareness, don’t be too greedy and education. We have to protect our selves while dabbling in the stock market is to understand where we are putting our money in the right basket of investment.
To be continue.
Part 4.
We have learned the 5 basic strategies about option trading in the US Market.
If we follow the rules seriously, you will see the result of 70% win and 30% loss or even gain more than loss. Most important thing is to win big and loss a little. Mirriam MacWilliams, who is our Chief Options Trainer and is the former National Director of Education of the largest US Investors Club, made US$2,039,492.00 profit in the stock market, with a starting capital of only US$10,000 within 2 years.
She taught us very simple strategies and easy to follows in order to be smart trader in the US market and so far we have learn that many students have claiming achieving extraordinary success.
As beginners you find it confusing to understand when you want to gain as much knowledge as possible and the same time do not seem to be able to do presently.
I believe that every person is endowed by nature to have at least one gift of talent.
Your friend may ask you how to cultivate self-confidence toward successful trading.
There are two major reasons why people lack confidence. Some people are easily overwhelmed and taking the advice from friend who is no knowledge on what business you are doing and no confidence of themselves.
People who subconsciously believe that buying stock is a form of gambling will more than likely end up losing their money. Some company business either small or big are investing in the equity market indirectly investing into stock market and making profit to pay out dividend and bonuses to their investors. Thought and minds fears them driven by personal experiences of family members or friends who lost money on the stock market during the economic crisis and as and when market was in the downtrend.
People who know what they should invest in for the long run, but they do not know where to begin, what to buy, when to buy, how long to hold it for etc. Some may not following correct direction and leave their financial decisions to the professionals, and cannot tell you why they own a particular stock or fund. Their investment decision is limited and confuse when this stock price going up, they buy it: “that stock is going down, we should sell it now.” This group is in far more danger than the first.
The stock market has now turned into the investment vehicle of choice globally to grow wealth for laymen like you and me. This trend, coupled with advances in trading technology, has opened up the stock market that we can all own and invest in stocks today.
More often, you will get a lot of wrong information, especially from speculators and close friends who do not have much knowledge about stock and want to get rich quick are most likely end up losing in the stock market in a very short time. Actually, stocks can create massive amounts of wealth; it is not without its risks. The only solution to this is awareness, don’t be too greedy and education. We have to protect our selves while dabbling in the stock market is to understand where we are putting our money in the right basket of investment.
To be continue.
Sunday
SECRETS OF CHANGE:
Part 3.
Mental Approach
We also began challenging our mental approach whenever we began thinking in financially negative or counter productive ways. Many times in many ways, our mind was our biggest obstacle to success. Try not to entertain thoughts that did not empower us to ward our vision of wealth.
Let’s take a step back and discover what education paper qualification do we obtain?
Some of us might not have chance to further our study, and this did not stop us from learning and to be successful person when we apply all the talent and skill God give us.
Some of you might have comfortable job or better working world in term of your paper qualification. I have been employed in the International Company for the past 25 years and not been certified with what I get at the end of the month. Why? Because I don’t have better paper qualification to be in the high position in the company and still remain and stuck in the same job. Many times in the cause where I am still employed, I was financially limited. Simply not enough to take care for my family monthly expanses and financially not be able to bring my family for holiday. So I decided to do part time job and slowly with confident investing my money to minimiz the risks and maximize the return. Retiring at the age of 45 and continue doing investing with the skill and knowledge I have learned from the mistake and teach me to be my master. Dear friend, we could do something to change things, and we must willing to change, thing will change. I don’t deny that education is not important and it is the foundation to any one success. However, do bear in mind that stock investment skills, which we do not learn in schools or universities, are the foundation to any one to success.
When it comes to stock investment, what matters are no longer paper qualifications, but knowledge and experience? You do not need to be talented to invest in any stock market; it is knowledge, trained by expert trainer and experience that counts. It is essential we recognize how your old ways of thinking, strategies in the stock market work and acting have gotten you exactly where you are right now. Change, thing will change. Don’t stick to the old ways. And be prepared to change for the better and applied the right strategies and knowledge surely you will learn to be your master.
The lesson is simple. If you want to move to a higher level of life, you have to be willing to let go of some of your old ways of thinking and being and adopt new ones. The results will eventually speak for themselves.
To be continue….
Mental Approach
We also began challenging our mental approach whenever we began thinking in financially negative or counter productive ways. Many times in many ways, our mind was our biggest obstacle to success. Try not to entertain thoughts that did not empower us to ward our vision of wealth.
Let’s take a step back and discover what education paper qualification do we obtain?
Some of us might not have chance to further our study, and this did not stop us from learning and to be successful person when we apply all the talent and skill God give us.
Some of you might have comfortable job or better working world in term of your paper qualification. I have been employed in the International Company for the past 25 years and not been certified with what I get at the end of the month. Why? Because I don’t have better paper qualification to be in the high position in the company and still remain and stuck in the same job. Many times in the cause where I am still employed, I was financially limited. Simply not enough to take care for my family monthly expanses and financially not be able to bring my family for holiday. So I decided to do part time job and slowly with confident investing my money to minimiz the risks and maximize the return. Retiring at the age of 45 and continue doing investing with the skill and knowledge I have learned from the mistake and teach me to be my master. Dear friend, we could do something to change things, and we must willing to change, thing will change. I don’t deny that education is not important and it is the foundation to any one success. However, do bear in mind that stock investment skills, which we do not learn in schools or universities, are the foundation to any one to success.
When it comes to stock investment, what matters are no longer paper qualifications, but knowledge and experience? You do not need to be talented to invest in any stock market; it is knowledge, trained by expert trainer and experience that counts. It is essential we recognize how your old ways of thinking, strategies in the stock market work and acting have gotten you exactly where you are right now. Change, thing will change. Don’t stick to the old ways. And be prepared to change for the better and applied the right strategies and knowledge surely you will learn to be your master.
The lesson is simple. If you want to move to a higher level of life, you have to be willing to let go of some of your old ways of thinking and being and adopt new ones. The results will eventually speak for themselves.
To be continue….
Saturday
SECRETS OF THE MILLIONAIRE MIND:
SECRETS OF THE MILLIONAIRE MIND:
Part 2. $$$$$$$$$$$$$$$$$$$$$$$$$
Where are we now?
We are in the so-called Information Age where most income is generated from knowledge we enquired, not hard work. Through knowledge and strong beliefs to succeed, we began doing some serious soul-searching.
For the most part, rich people think a certain way and poor people think a completely different way, and those ways of thinking determine their actions and therefore determine their results. You may work hard to get promoted, wishing for a better salary and most of the people out there do the same. Some do not realizing it even with better qualifications, they are still finding it hard to succeed. Your boss has not made a mistake and his job is to make sure you get your paycheck, not to make you rich. As we look a round us for those people who work the hardest physically end up earning the least. We look at waiters and waitress, labourer workers and even some administration or support staffs in any company etc.They work hard, long hours, yet they are not earning a lot of money. Not to offend them but it is reality. Sometime you may heard them saying they do not like so much money, but why they are still working at least eight hours a day, and to me, this is a denial of the truth. We all work hard for money, but only with correct facts and good strategies can we make our money work for us, and not the other way round.
Therefore, we began doing some serious soul-searching. Do not afraid you might fail, or worse, succeed and then some how lose it all. More important, we have learned several powerful techniques and strategies to condition our mind so that we would think in the same ways successful people do. The first thing I did was committing to my success and playing to win. I swore I would focus and not even consider leaving this so-called smart trader investor until I achieve a millionaire or more.
To be continue...
Part 2. $$$$$$$$$$$$$$$$$$$$$$$$$
Where are we now?
We are in the so-called Information Age where most income is generated from knowledge we enquired, not hard work. Through knowledge and strong beliefs to succeed, we began doing some serious soul-searching.
For the most part, rich people think a certain way and poor people think a completely different way, and those ways of thinking determine their actions and therefore determine their results. You may work hard to get promoted, wishing for a better salary and most of the people out there do the same. Some do not realizing it even with better qualifications, they are still finding it hard to succeed. Your boss has not made a mistake and his job is to make sure you get your paycheck, not to make you rich. As we look a round us for those people who work the hardest physically end up earning the least. We look at waiters and waitress, labourer workers and even some administration or support staffs in any company etc.They work hard, long hours, yet they are not earning a lot of money. Not to offend them but it is reality. Sometime you may heard them saying they do not like so much money, but why they are still working at least eight hours a day, and to me, this is a denial of the truth. We all work hard for money, but only with correct facts and good strategies can we make our money work for us, and not the other way round.
Therefore, we began doing some serious soul-searching. Do not afraid you might fail, or worse, succeed and then some how lose it all. More important, we have learned several powerful techniques and strategies to condition our mind so that we would think in the same ways successful people do. The first thing I did was committing to my success and playing to win. I swore I would focus and not even consider leaving this so-called smart trader investor until I achieve a millionaire or more.
To be continue...
Wednesday
Secrets of The Millionaire Mind
SECRETS OF THE MILLIONAIRE MIND:
Part 1. Fellow Wealth Mentor Graduates
I would like to share my view to those who read this blogs of mine to elaborate more on the stock investment and what is in the Mind of The Millionaire.
Do not be afraid to make mistakes and losses on the stock market or in any investment fund. I know that it happen to all of us when we losses our hard earn income, but not that we wanted to fail, at least we prepaid for it. Life must go on and look forward for new venture. We experience bitter lesson and taught us to gain more experience to face new challenge. We must do our homework and research before and after investing as what we are taught during our training.
One thing experience has taught us never to be afraid of failure. Do everything we can and hope for the best in this year 2008 to achieve our dream and if we make it, that is great.
Investing into global market need enough research, cover wide range of products and company past record of accomplishment before getting into contract. I always believe that success in global stock investment is about attitude, willingness to learn and the courage to challenge ourself. Whatever works, we keep doing. Whatever does not, we are welcome to throw away. My desire for success and my achievement of success is set in subconscious mind that change the root causes of success and begin changing my financial future for the better.
Remember that we are investing our money just as any businessperson would-with a clear vision strategy which are discipline and knowledge. We learn and get to know where we are headed one-step at a time, one mile at a time, one initiative at a time and position ourselves to the right plan. Sometime we wonder why some people are destined to be rich and others are destined for a life of struggle. We all come from different profession with different background of employment and doing different kind of job and why do we seek and choose this newfound wealth? Are we contented with the different roles to play in the course of our job, and we are not happy with the buying power. Not because we did not save our money, but with rising inflation, peer pressure and the temptation to spend as all the other yuppies were doing, I felt the strong urge to earn more. Some of us have been looking elsewhere, but no matter where we went, we still trapped in the rat race.
With experience powerful declarations that will help us to replace our nonsupportive ways of thinking with mental “wealth files” so that we think- and succeed just as rich people do. We will also learn practical, step-by-step strategies for increasing our income and continue building wealth.
To be continue…
Part 1. Fellow Wealth Mentor Graduates
I would like to share my view to those who read this blogs of mine to elaborate more on the stock investment and what is in the Mind of The Millionaire.
Do not be afraid to make mistakes and losses on the stock market or in any investment fund. I know that it happen to all of us when we losses our hard earn income, but not that we wanted to fail, at least we prepaid for it. Life must go on and look forward for new venture. We experience bitter lesson and taught us to gain more experience to face new challenge. We must do our homework and research before and after investing as what we are taught during our training.
One thing experience has taught us never to be afraid of failure. Do everything we can and hope for the best in this year 2008 to achieve our dream and if we make it, that is great.
Investing into global market need enough research, cover wide range of products and company past record of accomplishment before getting into contract. I always believe that success in global stock investment is about attitude, willingness to learn and the courage to challenge ourself. Whatever works, we keep doing. Whatever does not, we are welcome to throw away. My desire for success and my achievement of success is set in subconscious mind that change the root causes of success and begin changing my financial future for the better.
Remember that we are investing our money just as any businessperson would-with a clear vision strategy which are discipline and knowledge. We learn and get to know where we are headed one-step at a time, one mile at a time, one initiative at a time and position ourselves to the right plan. Sometime we wonder why some people are destined to be rich and others are destined for a life of struggle. We all come from different profession with different background of employment and doing different kind of job and why do we seek and choose this newfound wealth? Are we contented with the different roles to play in the course of our job, and we are not happy with the buying power. Not because we did not save our money, but with rising inflation, peer pressure and the temptation to spend as all the other yuppies were doing, I felt the strong urge to earn more. Some of us have been looking elsewhere, but no matter where we went, we still trapped in the rat race.
With experience powerful declarations that will help us to replace our nonsupportive ways of thinking with mental “wealth files” so that we think- and succeed just as rich people do. We will also learn practical, step-by-step strategies for increasing our income and continue building wealth.
To be continue…
Saturday
Secrets of The Millionaire Mind
SECRETS OF THE MILLIONAIRE MIND:
One of the most important things you can ever understand is that we do not live on only one plan of existence. These four quadrants are the physical world, the mental world, the emotional world, and the spiritual world.
WEALTH PRINCIPAL:
Money is a result, wealth is a result, health is a result, illness is a result, and your weight is a result. We live in a world of cause and effect.
We need to help fellows Smart Trader who is lock in their blue print to achieved 100% result before“6 months mentoring period” expired.
Please read what fellow Smart Traders need your help and write directly/email to them OR email to me so that I can post in this blog for sharing with other fellow traders.
“My inner world creates my outer world.”
A Powerful Secret for Change:
If you want to change the fruits, you will first have to change the roots.
If you want to change the visible, you must first change the invisible.
Regards,
seber@pd.jaring.my
Hi Guys,
I support John on his similar predicaments as I'm. My suggestions for the next support session are the following :
1. News on Smart traders from Team leader on current happenings - 15 mins. Action : Miri Teamleader.
2. Divide the Miri members into group as follows:
Strategy Group - To be headed by any members who is fluent with all the 3 strategies and had record of success trading.
His role is to recap/summarise all the 3 strategies and how to use them.- 30 mins.
How to use OptionXpress -From buying call/put, Selling call/put until Closing where we can see profit/losses in our account.
I suggest this to be one to one or in a group with PC/projector and do a dummy trading.- 30 mins.
(This is where, in my opinion, newbies got stuck and struggling to master the skill)
3. Members Experiences and problems as well as success stories. - 30 mins
4. Any other Business (AOB)- 15 mins.
Last but not least, I hope we can have a structured suppport meeting which can achieve it's objectives. Other ideas/suggestions are welcome.
Best Regards,
Mohamad Zaini
mohzaini@yahoo.com
Dear Weeyong and all Smart Traders,
Do we have any meet together or Support Sessions Plans?
For the "fluent" traders they may not need this any more, but certainly, I need support.
Since it is near year-end and holiday seasons, I think it is best timing for the newbie’s to learn as much as and as quickly as possible to regain back the big money we have had invested. The best way forward is I think we help each other and help the "weaker".
For myself, I am thinking how we maximise in utilizing the "6 months FREE mentoring period" otherwise what actually is my hard-earned money (RM11K+++) worth? Frankly my knowledge "basket" from the four days seminar in KL is empty! except one "golden egg?"..... heheheee i.e. my hand-out. It is yet to hatch or not!
Best wishes to all future millionaires.
John Pengiran,
mailto: jpengiran@yahoo.com
mailto: john.pengiran@shell.com
tel. 0128773852
One of the most important things you can ever understand is that we do not live on only one plan of existence. These four quadrants are the physical world, the mental world, the emotional world, and the spiritual world.
WEALTH PRINCIPAL:
Money is a result, wealth is a result, health is a result, illness is a result, and your weight is a result. We live in a world of cause and effect.
We need to help fellows Smart Trader who is lock in their blue print to achieved 100% result before“6 months mentoring period” expired.
Please read what fellow Smart Traders need your help and write directly/email to them OR email to me so that I can post in this blog for sharing with other fellow traders.
“My inner world creates my outer world.”
A Powerful Secret for Change:
If you want to change the fruits, you will first have to change the roots.
If you want to change the visible, you must first change the invisible.
Regards,
seber@pd.jaring.my
Hi Guys,
I support John on his similar predicaments as I'm. My suggestions for the next support session are the following :
1. News on Smart traders from Team leader on current happenings - 15 mins. Action : Miri Teamleader.
2. Divide the Miri members into group as follows:
Strategy Group - To be headed by any members who is fluent with all the 3 strategies and had record of success trading.
His role is to recap/summarise all the 3 strategies and how to use them.- 30 mins.
How to use OptionXpress -From buying call/put, Selling call/put until Closing where we can see profit/losses in our account.
I suggest this to be one to one or in a group with PC/projector and do a dummy trading.- 30 mins.
(This is where, in my opinion, newbies got stuck and struggling to master the skill)
3. Members Experiences and problems as well as success stories. - 30 mins
4. Any other Business (AOB)- 15 mins.
Last but not least, I hope we can have a structured suppport meeting which can achieve it's objectives. Other ideas/suggestions are welcome.
Best Regards,
Mohamad Zaini
mohzaini@yahoo.com
Dear Weeyong and all Smart Traders,
Do we have any meet together or Support Sessions Plans?
For the "fluent" traders they may not need this any more, but certainly, I need support.
Since it is near year-end and holiday seasons, I think it is best timing for the newbie’s to learn as much as and as quickly as possible to regain back the big money we have had invested. The best way forward is I think we help each other and help the "weaker".
For myself, I am thinking how we maximise in utilizing the "6 months FREE mentoring period" otherwise what actually is my hard-earned money (RM11K+++) worth? Frankly my knowledge "basket" from the four days seminar in KL is empty! except one "golden egg?"..... heheheee i.e. my hand-out. It is yet to hatch or not!
Best wishes to all future millionaires.
John Pengiran,
mailto: jpengiran@yahoo.com
mailto: john.pengiran@shell.com
tel. 0128773852
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