I’m going to share with you one of the most powerful things I have ever read. It made me believe that anything was possible. And that whatever success I wanted to achieve, I indeed could achieve it. It would not be without hard work. But the concept was simple. And I instantly knew it to be true.
They called it a secret. In fact, it was literally called “the greatest secret in the world”. And that secret was this: the key to success was that you only needed to be a small, measurable amount better than mediocrity to succeed.
Is that really true? In its simplest form, it is. The book went on to tell of why this was true. And in short, they described how most people give up on the meaningful things they hope to accomplish.
I, of course, knew that true greatness would take a lot more than being just a few steps ahead of the pack. And that if you wanted to be the Michael Jordan of your profession, it would take a lifetime of dedication and being born with the right genes.
But most people don’t need to be the Michael Jordan of anything in their life to have life-changing success.
They only need to be a small, measurable amount better in the important things in their life.
Want to pass that test that will get you that promotion? Stick to your study times and don’t blow them off for some silly TV show and you’ll be better prepared to pass that test.
Want to lose weight? Have one less can of pop each day or one less sugary snack and watch how that can set in motion a metamorphosis.
Want to make more money in the stock market? If all you did was have one less loser each month, and replace it with one more winner, that could transform your portfolio.
You don’t need to be as good as Warren Buffett to achieve your investment goals. By simply making a few changes in how you pick stocks, the extra results can quickly add up.
But you have to know where to begin.
No it’s not “Buy and Hold Forever” or “Buy Low. Sell High.” Instead, it rides the most powerful force impacting stock prices. For more than a quarter century, it has nearly tripled the market with an average gain of +26% per year. This has been verified by an independent accounting firm.
You can easily master it in your own home without a class or seminar. Don’t miss the unique opportunity that ends this Friday, January 31.
One Less Loser
Setting a goal to have one less loser may not sound exciting, but the results can be dramatic.
There are over 10,000 stocks out there. So be choosey. One of the best ways to put the odds of success in your favor is to focus on the top industries. Why? Because roughly 50% of a stock’s price movement can be attributed to the group that it’s in.
That’s why, oftentimes, even a mediocre stock in a top industry can outperform the strongest stock in a weak industry. In fact, in my testing I have found that the top 50% of Zacks Ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
If your last loser was in an underperforming industry, you were betting against the odds.
Instead, stick with the best performing industries and put the odds of success in your favor. And when you do find yourself in a losing trade, get out sooner.
Nobody likes to take a loss. But don’t let your unwillingness to do so ruin your portfolio. Smaller losses are easy to overcome. But big losses, like -30%, -40%, and -50% losers can devastate your portfolio, not to mention your confidence.
If you found yourself driving the wrong way on a one way street, you wouldn’t keep driving the wrong way or speed up, you’d turn around and get off. Same thing with stocks. If you bought a stock expecting it to go up, and it’s now doing the exact opposite, get out before you crash your portfolio.
One less loser, or even just deciding to take smaller losses, will immediately set you apart from the typical mediocre investor.