Monday, February 27, 2012

Things Your Broker Won't Tell You

There are a lot of investing professionals and websites that can tell you how to invest your money.  The goal of most of these people is to get you to invest by telling you that you can make money, retire early, and provide for your family today and into retirement. 

The real reason to get you to invest is, of course, so that they can make money, by selling you investment products, books or educational courses.  There is nothing really wrong with this.  People have a right to make a living, and as long as the information is appropriate and sales tactics aren’t high pressure, there can be a mutual benefit. 

Unfortunately, this isn’t always the case. Much of the investment products and advice aren’t appropriate for you.   

The goal of this book is different.  I don’t have anything to sell you (well, other than the book) but to show you that it is really easy to lose money by investing in the stock market.  The active of an investor you are, the more you are likely to lose. 

Maybe the best thing you can do with your hard earned money is to dig a hole and bury it in the backyard. At least it will be there when you actually need it, and not frittered away on some harebrained scheme, flawed strategy or run of bad luck.

That may be overstating it a bit.  You can invest wisely.  But that’s not what this book is about.  This book is about how following most investment advice is likely to end up making someone else rich with your money.  As they say, Las Vegas wasn’t built by the winners.         

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