Nest Eggs and Omelets. Hey CyberJunkie, Clean that Booger off Your Nose!.
Do you have a nest egg? You know, a place you are stashing away money for the future - retirement, down payment on a house, the kids education. That kind of thing. How're you doing?
If you have been putting it in the stock market you have been watching it get smaller instead of bigger. Your nest egg is becoming an omelet instead of hatching into a wonderful creature. There are places for your money, but for the next few years you will be better off in a simple savings account or money market fund.
Stay away from the big name mutual funds. If you don't believe me have a look at what they have done with your money for the past 3 years. Most have lost about 50%, some 60% and more. Their story now is they are "cheap" and a great buy; they can't go any lower - but they probably will. Mutual funds only work in a bull market and the bull was chased back to the barn in 2000. The bear is now out of his cage and has the run of the premises. When the stock market bubble (let's call it an egg) broke 3 years ago your broker, financial planner, banker had no plan to protect your capital. None of them had ever seen a bear market and none were trained to protect customers' money. Brokers are salesmen and are not there to help you make money even though they think they are.
Their employer not once has ever told them the great secret of the market. That secret - SELLING. Having been a member of the exchange and a floor trader for many years I learned how and when to sell. If you didn't you would not last very long. You would be broke.
There is a way to keep your egg from becoming fried, poached or scrambled, but your broker will not tell you. Most of them don't know and their companies don't want you to find out. Selling and putting your cash in a money market account does not make them any money.
There is a thing called a stop loss order for stocks. The simplest one is for 10%, but you can make it any amount you wish - 5%, 15%, whatever. The best time to calculate your stop is Friday or Saturday. If your stock is $40 you figure 10% or $4.00 and you call your broker on Monday morning and tell him to place a Good 'Til Cancelled Sell order at $36. As your stock advances move the stop-price up, NEVER down. This allows the market to tell you when it turns weak rather than you trying to guess when to sell. Your stock might go to $100 before you are stopped out at $90.
Now is the time to protect all your eggs with a big soft stop-loss cushion.
(c) 2005
Al Thomas' best selling book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter to receive his market letter for 3 months at www.mutualfundmagic.com to discover why he's the man that Wall Street does not want you to know.
Article Source: http://EzineArticles.com/
Well....., I got some good news and I got some bad news. It's come to my attention that some of you want to be cyberjunkies. Which do you want first? I'll give you the good news first. YOU can!! It's very simple. The bad news is: It's not easy and it could be messy.
Let's take a look at both.
Simple is as simple does. Most everyone reading this is somewhat computer savvy. At least you know how to turn the thing on and maneuver around. So, I'm assuming you Haven't just brought it home and taken it out of the box.
Most too often, cyberjunkies get caught up in the way something works, the theory behind it and trying to logically make sense out of it. DON'T DO THAT!!
This is one of the main reasons cyberprofiting is not easy. WE make it hard. We make it hard in our own minds.
There are unlimited resources on the net to tell you how to do something.
But, have you ever noticed how long it takes you to initiate action after you have completely read the book you just purchased? YOU make it hard on yourself! Just because you don't understand everything you read or completely follow what the author says, you say to yourself, I'll wait till I understand it.
Now, I've stopped talking to you and gone to preaching to myself.
I want to relay to you a short but amusing story. When I first started on the internet it was late 1996. I was single, still am, hummm.........I wonder if that means anything,
Anyway, I was on AOL one night looking at ladies profiles. Well, all of a sudden, this window pops up on my screen and nearly scares the pee out of me. I thought my computer had gone to messing with my head. Anyway, the window had a send button, so I figured I could type something and send it back.
Well, This lady on the other end says to me after some short introductions, "Do you cyber"? I said, "what is cyber"? Now remember, I have only been on the internet less than a week. So, she says, "You know" Cyber. I said No, "What is cyber"? She said, "CYBER SEX" in all caps. Kinda like she was getting mad at me.
I said, almost nervously, I think my fingers were mumbling, "What is cyber sex"? She said, "You know, sex on a computer". I said, "Well, I guess it's ok unless you fall off". True story.
I tell you this because today I've gone from a total "know nothing" to running two full time businesses in cyberspace. I am a popular recording artist and have just completed my first album and working on my second. Yea, I just had to plug that.
And, I have a full time Internet Marketing business. But, don't we all? Ha! Music is my passion, and the internet business gives me the flexibility to pursue my passion. In fact, I'm writing an article on discovering your passion. Most people don't even know what their passion is.
So, the hardest thing in cyberspace you'll ever do is programming your mind to stop sabotaging your own efforts.
Action is the key to overcoming all sorts of non-understandable theory, ideas and concepts. Find ONE thing in the program, focus on that until you feel confident to move to the next one. I got news for you........you'll never completely understand all the theories and concepts until you do begin to take action.
Then, and only then, will things begin to fall into place. So, the next time you find yourself sitting in front of your computer screen doing nothing, at least clean the booger off your nose. It might get messy, but at least you'll be doing something. :>)
Part 1: Stay tuned for part two.
Richard Vegas ©2002
About The Author
Richard Vegas is a popular recording artist and internet marketing professional. He invites you to subscribe to his FREE weekly ezine "Wing-Tips" Teaching The Success System That Never Fails, at: http://www.1-work-at-home-based-business-opportunities.com
You may also hear and follow Richard's music career at: http://www.richardvegas.com
webmaster@1-work-at-home-based-business-opportunities.com
Article Source: http://EzineArticles.com/
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