Successful Investing

If you want to be successful with investing you have to have some money to invest- sorry, no way around it. Logically there are only two ways to solve that problem either increase your top line and bring in more income or decrease your bottom line and find some ways to squeeze dollars out.

The first place I look at when it comes to the bottom line are fees. I hate fees. Think about it, we gets fees for having a bank account (so you hold my money and I pay you?), fees for your brokerage account, fees for your credit card, fees, fees fees! It is incredible how much money can seep out paying a tiny fee here a tiny fee here. I’ve done some research, here is what I recommend.
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Running a Household Like a Small Business

It sounds cold but really running a house is just like running a business. You probably know that, but do you generate an income statement, balance sheet, and a statement of cash flow? I don’t, but you know what, I should so I am going to start.

Personal finance and personal investing are related, if I do a better job of one then I have the funds to do the other.  I spend so much time analyzing different company’s financial statements maybe I should start eating my own dog food and give my own financial statements the same rigor. On the top line I understand my family’s income and the return from my portfolio but have I taken into account the time value of money? Nope. On the bottom line I understand my family’s expenses but are there opportunities to cut? Dunno.
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Taking Advantage of a Day Off

A day off from US markets is a great opportunity. With the world being what it is markets are not entirely driven by internal factors. Use your day off today to read international business news.  This news can certainly give you a heads up as to what you should expect from the markets in the next day.  This trick helped me immensely during the early days of the credit crunch.  Bad news would break crashing out European and Asian markets while US markets were closed for holidays- guessing what the US market would do the following day?


Today is a good day to look closely at the Google vs. China story. While China’s business accounts for very little of Google’s bottom line, as the story evolves we have certainly seen market fluctuations. Maybe today is a good day to setup a buy if you have been looking for some weakness, or maybe if you think the market will overreact to Google leaving China (if stories today point that way), and today is a good time to plan your exit from Google. Your call read the news and see what you think.

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