Another column for which I obtained the right to re-publish here.
Are You An Investment Dummy Like Me?
by: Jack Humphrey
I am good at a few things. I can certainly market well and I consult with others about how to bring more attention to their products and services on the internet for a living.
I am a fair musician. I love music and play all sorts of percussion instruments and even dabble with the guitar.
I can cook better than most guys. I can survive in the wild with nothing more than a good sharp knife.
But ask me how to best manage my investments and grow and protect my wealth, and I am like a deer staring into the headlights of oncoming traffic. Paralyzed with doubt, fear, and inexperience.
Much like my clients are when they come to me for marketing advice.
It wasn't until a new client came to me with an idea for a new book he had written on active investment strategies called "Scientific Wealth Strategies" that I realized I might not be far from figuring this whole investment and wealth protection thing out for myself.
In fact, just by consulting with him on the marketing of his book I picked up a lot of new information that has taken a grand portion of my doubts and fears away.
As I began to wrap up our contract I found I was looking more and more at the information in his book from a personal interest as a solution to my worries about whether I was doing everything right with my investments.
First thing I learned is that I was following the vast majority of others who think the same way about investing. "Throw it in something we think is safe and leave it there." And I realized that we are all being lulled into low return funds and investments masked as great returns in a bad economy.
Then I learned what I could do to take the same amount of capital I had in low return investments and actively manage it for far greater returns than what most people generally assume are the best returns you can get these days with 401ks, IRAs, and stocks.
In short, I was learning about investing on my terms. I was learning because my client, C.C. Collins, had chosen to write for people like ME instead of a bunch of learned investment "geeks."
Finally someone had written about investing strategies in a language that I could understand and about strategies I could feel comfortable in applying without feeling as though I was being a risk taker or putting my money in jeopardy.
This is no small feat. I feel most people who are like me are conservative with their investing, and don't become active in the management of their investments, because we much prefer the relative piece of mind we get from letting a "professional" handle the decisions.
Now that I feel more comfortable in the knowledge I have gained from this easy to understand yet incredibly powerful source of investment and wealth buidling knowledge, I have no doubt my investment future is much brighter and is going to bear much more fruit than the track I was on before I met C.C.!
So if you are an investment "dummy" like me, I strongly urge you to take the first step in becoming a relative investment "whiz" by checking out Scientific Wealth Strategies for yourself.
It will really empower you to take charge of your investments and push you to get more from your hard earned dollars than you are currently netting!
Scientific Wealth Strategies
eBook and Software with calculators, investment terminology definitions, and many, many more useful tools. http://wealthscientist.com
Copyright 2004 Jack Humphrey
About The Author
Jack Humphrey is the author of a popular website promotion course called Power Linking at http://power-linking-profits.com and CEO of WebFoxMedia.com http://webfoxmedia.com where he consults for companies in online marketing strategies and traffic generation.
Monday, March 21, 2005
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1 comment:
Hmmm..just curious as to what interest you are paying on the $2300 cc debt and what interst you are getting on the eMM account? Why don't you juet blow the cc debt away and part of your jeep loan. Keeping the savings account as your emergency fund?
Great site...keep up the great work!!
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