There Are No Secrets to Investing
Is protecting your life savings worth the time and effort required to learn how to be a smart investor? Yes! Do we want to totally delegate that responsibility to someone who is part of a system that has not performed well in the past? No!
Is there a secret to being a successful investor? No; the information is out there for the whole world to see. Like everything in life, it just takes time and commitment. We’ve all worked hard for our money; all those years spent in the office or on the road should be motivation enough to learn.
Many folks ask me where they can find the right stocks for their portfolios. In a recent article for the Casey Daily Dispatch, I shared an analysis of the results from an assortment of Casey Research newsletters. Long story short, they all have phenomenal track records. These sector experts can find the proverbial needle in a haystack, and their past performances prove it. Their recommendations, coupled with the picks in the Money Forever portfolio, are where I recommend everyone starts.
Don’t get me wrong – I’m not suggesting you follow me or anyone else blindly. Study the in-depth research that runs through every Casey publication, sift through the stories of visits to mines and oil fields, and decide for yourself where you should put your money.
It is really so simple. I often wonder why more folks don’t catch on. Never buy in to a company or industry you do not understand. Continue to ask questions until you reach or pass your personal threshold for comfortable investing. Life is full of good deals, so we don’t have to act in haste. Another good deal will always come along. If the one you passed on does well, don’t sweat it. You probably passed on it for the right reasons.
In addition to finding solid investments, we have to put our picks together in a way that minimizes risk and maximizes return. No matter how good an investment sounds, it’s never wise to go all in. I know folks who have piled a lot of money into what they thought was a “sure thing.” They all end up saying something like, “It seemed like such a good idea at the time.”
Over the last few issues of Money Forever, we have covered the basics on allocating one’s portfolio properly, with a special focus on how to protect your retirement portfolio. After all, seniors no longer have the benefit of time to recover from risky investments gone awry.
For many retirees, fear of losing money, independence, and dignity is ample motivation to read and learn. An education is an ongoing process, not a one-time event.
A Money Forever Education
Quite a few of my friends see putting time into managing their investments as a major commitment, one on par with a full-time job. As an active investor, I can tell you it’s not. But it does entail putting in a few hours a week researching, monitoring your portfolio, and making adjustments when necessary. And that’s how many of our Money Forever subscribers view it: they enjoy their lives and do all the things retirees do, but they also commit to managing their retirement portfolio because no one will ever do it better than they will.
In recent issues of Money Forever, subscribers learned the nine best ETFs to replace expensive mutual funds, how reverse mortgages work and how to know if one is right for them, and the nuances of annuities, both fixed and variable. Money Forever isn’t just about investment recommendations; it’s an education to make sure you do stand a chance in the market… and that you can come out ahead.
I’d like you to consider giving it a try. We offer a 90-day risk-free trial period, and you can get a full refund if you feel it’s not for you after all. And of course, you can still keep all the reports and issues as my way of saying thank you. Click here to take a look, and we’ll get you set up today.