21.8.10

The Magic Bullet Theory of Investing

Sadly, too many people believe that success in our society got that way by chance. So your financial plan is not based on winning and invest money, but waiting for her fairy godmother to appear.

Some "miracle" road to riches:

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What better way to get rich, but to play the lottery. Despite the odds are 200 million to one, someone has to win - right? Why not?

The Auxiliary to this is the game. Go to Las Vegas or Atlantic City and blow the check at the blackjack table or, better yet, roulette.

Or go to the track and try to hit the trifecta.

Most players will blow your profits out sooner or later. They are not really there for the money.

But lottery winners, who receive checks of millions of dollars, apparently have the same problem. I've read that most lottery winners blow away all that money for five years or less.

get rich quick

You will receive a letter in the mail or you see an ad on the Internet. Just send a few dollars or a few hundred dollars or a few thousand dollars and you will also be raking in $ 35,000 a week while relaxing on the beach.

Other changes are: $ 100 per hour stuffing envelopes, $ 500 per hour filling out the forms on your computer, or buy pre-made web site and sit while watching your bank account full.

Do not forget to check out these subsidies from the government to pay its debts.

In this case, those who make money are truly lucky - to find another fool to fall into his plans.

Why not go to Mexico to pick up a kilo of cocaine to sell on the streets. The profit margin - and their legal fees - will be enormous.

Or give all their savings with the boy she met at the bar to pay a "guaranteed" 50% interest a month. You brother in law, the law is in this agreement, so you know it really works.

Has anyone heard of a guy named Ponzi?

The Government will look after all

There is no such thing as a free lunch and, despite that the government distributed to everyone who asks, someone has to pay, in this case taxpayers.

Did you know that the percentage of people who pay income taxes in the U.S. approaching 50%? If no one is paying, where is the free lunch coming? There are only so many "rich" taxpayers to soak.

In New York, low-income clients of the Housing Authority called "givebacks" in the form of higher fares. Social Security is on the ropes. The golden goose is starting to run dry.

All government brochures come with conditions. If the government gives something, then I want to tell you how to live. Are you ready for the compensation?

Great Expectations

The long term return of the stock market average is 10% per year. However, if you do a little calculating, you see that you will never reach their goals at that rate. So figure a yield of 15%.

There are many people who successfully beat the stock market year after year. It takes a lot of work to do. Even professionals have a hard time.

If you purchased the learning and are willing to put in the effort, you may be able to make that assumption safely.

But do not base their financial affairs in a simple assumption, hoping your dreams will come true through, simply because you have had the luck of a lifetime.

You can steal money or inherit it. Most people have to work for it and they have to work even harder to make it grow.

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