The Tycoon Report

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3. Ken (1 year ago) Is this Spam?

   If you are happy with average returns, perhaps you need to define what average is. You can make average returns by putting your money in an index fund. But average is really more reliant on what we are capable of.
   
   The average long term investor would probably be happy with 20% annual returns, that sounds about average. But theres no reason to settle for that. It certainly isnt anywhere near the top of the scale. These are the type of numbers that Wall Street tries to feed you. Its what the average fund investor, the average long term buy and hold investor, or the average independant investor working through a broker might consider to be good numbers.
   
   So what is average? Average is what you have been making for the past few years. Average is a limitation you set upon yourself. Average is what you think is acceptable. And you should always work to improve your average. No matter if you have been making 20%, or 80%, or more. You should always set your sights higher. After all you can always fall back on your averages.
   
   Look around, who is making really big money? What talents or skills do they posses that you dont?
   
   Beyond that, what innate talents do you bring to the table and what skills could you learn to support and work with those talents in a quest to do better.
   
   
   
   It is not necessary to start with a lot. Money, skill, talent, experience, are all things we can find and aquire as we learn and practice. The most important thing is to experiment and learn with an open mind to all the possibilities.
   
   In order to be successful we have to identify our talents and build the associated skills. In order to be independantly successful we all have to go through some sort of a search. I like to consider it as a grail quest, not to find the ultimate method or mentor, but to find ourselves, where we fit in, what works for us, where our talents lie, and what methods work best or easiest for us.
   
   When we find our grail, our place in this world, this market, it should fit like a glove. It should be a natural extension of ourselves. When we identify our natural talents and build our skill set around them, the result should flow naturaly. The work process should be enjoyable, relatively easy, not some chore that we have to do.
   
   To become better, more profitable, requires observing those who are better and more profitable. It requires looking at the structure, the system that we are trying to work within, with and open and empty mind, and observing the path of least resistance. It requires watching until the facades drop away and the clear simplicity of it all shows through.
   
   Then we can seek out some of the best minds, people who we can identify with, people who we wish to emulate, and learn everything we can from them, untill we start seeing their mistakes. In this way we can tell we are progressing, finding our own places, our own knowledge. Looking back we can see where we came from and the choices we made, the path that brought us to where we are, and the path and decisions ahead.
   
   
   
   It is an exploration, a journey, a quest of discovery. Think big if you want to be big. Think average if you want to be average. You truly control your destiny. Self limiting thoughts, preconcieved ideologies and impressions, these things are crippling.

2. chaos_nantuko (1 year ago) Is this Spam?

   I actually disagree with many of these points.
   
   "THAT YOU WOULD BE INVESTING IN GROWTH SECTOR."
   
   It has been shown that value stocks tend to beat growth stocks. Unless you mean investing in a growing sector, in which case that makes sense.
   
   
   
   "THAT YOU ARE NOT EARNING MORE THEN THE AVERAGE RETURN THAT THE SHARE MARKET GENERATES OVER A LONG TERM IN YOUR PURSUIT OF MAKING MONEY IN YOUR DAILY LIFE."
   
   It seems to me like that directly conflicts with "THAT YOU WOULD BE HAPPY WITH MORE THEN JUST AVERAGE RETURNS."
   
   
   
   Finally, "AND IT IS A GREAT GROWTH STORY". I completely disagree with that. The bigger the story is, the more hype there is, and the more you pay for the stock. Call it the "story premium". Ideally, you don't want to be paying much of a "story premium" on the stock, because the more you pay for it, the less you make. Wall street doesn't pick good stocks, it picks good stories. while good stories are fine if your looking for entertainment, the stories have a habit of effecting clear-headed thinking. If you hear about a stock with a great story, you probably heard it from wall street. Which means millions of other people have heard the same story. Which means there is a good chance the stock is inflated because of its great story. Be careful with story stocks.

1. Ethan R (1 year ago) Is this Spam?

   It sure isn't easy, is it to be successful! Another article with good, common sense advice.

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