Four Ways To Becoming A Better Investor

Marshall Loeb on Market Watch has some advice one four ways to become a better investor.

1) Invest in businesses, not stocks - Invest in companies you know about and think will stand the test of time.

2) Don't go outside your comfort zone - Stick to what you know and companies that you feel comfortable in.

3) Go against the grain - Don't follow what everyone else is doing, do your own thing. By not following the pack, you may do better than the rest.

4) Don't be afraid to do nothing - sit on your stock for a couple of years, don't trade in and out of your stocks, it could lead to losses.

This advice is pretty good, seeing that the market is down. Instead of getting out and losing money, stick with the companies that you have some kind of knowledge of and wait for the turn around.

Oil Hits An All Time High

Oil prices have hit an all time high today. Oil is now $143 per barrel, which probably means that gas prices will be on the rise again. The national average is 4.08 per gallon. Stocks are also down, with investors worried that our economy is going down the toilet. My stocks have dropped big time. All I can do now is wait for the market to change and for me to be able to re-coop my money. So great news for a Monday morning.

Stocks are on the rise

Hopefully this trend continues so I can either break even or make some money on my stock. I always second guess myself when to get out and end up in the position I am in. Either take the loss or wait forever for the stock to break even. I guess I should read up more on stocks. Anyway enough complaining stocks are up, woo-hoo.

The Financial Edge

Well I am currently going to another seminar. This one is for 3 days and is run by John Hyland of The Financial Edge. Today was mostly an overview of what we will be learning: Real Estate, Stocks, Forex, Options, and more Real Estate. I got invited by a friend and they are also giving away Metastock software and some Real Estate software for free. So I figured why not, learn something and get something for free. Win, Win situation. Turns out I am actually picking up a lot. John Hyland is a very good speaker and motivator. He says the keys to success are:

1) Own and operate your own business
2) Residual Income
3) Multiple sources of Income
4) Asset Protection

He also told us that 82% of people who try something new will succeed at what ever they do. So far I am enjoying the class, but really want to work with the software. Tomorrow we will talk about stocks and options, so that should be very interesting. I will post some of the things that I learn tomorrow.

Tags: seminars, education, stocks