The world of investing is very confusing for people, because the very word “invest” evokes countless different meanings for people. For some people, “investing” means buying mutual funds. To some people, the word means to buy common stocks, preferred stocks, blue chip stocks, technology stocks, small-cap stocks, bonds, or currencies. For others, investing means buying commercial real estate. For others, investing means buying residential real estate. Without beating the dead horse here, the point is that there are many avenues you can take as an “investor”. However, I think we should listen again to Warren Buffet’s words on this subject. Warren once said, “Don’t diversify. Put all your eggs in one basket and watch that basket closely.”
My friends, there is not a single person on the planet who is truly a guru of all sources of investment. There are many different investment products, strategies and procedures, but you only have one life. Choose the path that is best for you.
Additional confusion caused by too much Moron media talk
Today we live in an age where we have over 200 TV stations to choose from and each station is determined to have 24 hour programming, even if that means having POMEGRANITE-FISH-OIL-INFO-MERCIAL all the time. In this busy world, Fox News, MSNBC, CNN and other news stations feel it necessary to warn you and me of all the potential threats we may face at any given time. I spent my childhood without wearing a helmet, and you?
As the media looks for news, they just go out and get these so-called pundits who say incredible statements like, “The market is way overextended right now. I’m anticipating 8 months of contraction followed by a double dip recession. However, with With oil prices at record lows, this could offset the market decline enough to get foreign investors back in the game, which will prop up our currency against the EURO.
What the hell is the media talking about? Is Warren Buffet saying these things? Is Bill Gates saying this nonsense? Q? Diddy or Lebron James are saying these things? The answer is no.” No, they’re not saying this because they’re too busy seizing opportunities and making money to take time out of their schedule to listen to the pinhead/investment expert/retired University of I-have-in professor. actually-never-leave-campus-or-run-a-business-in-my-life-yet.
I always hear people at social gatherings say things like, “Hey, do you know what the next hot action is going to be?” Dude, by the time you and I find out about the hot stock, it won’t be hot anymore. Create your own hot broth. Make your own initial public offering, don’t look for crumbs from inside investors.
Most people use the word “invest” to refer to the justification for unreasonable purposes.
Have you ever seen someone trying to justify buying a new vehicle to save 4 miles per gallon on gas? Have you ever seen someone trying to convince you that his house, which he will pay twice after paying all his interest, is a good investment? What about this one? Have you ever heard a middle-aged woman justify completely remodeling her entire home to “improve resale value”? Have you ever done the math in your head in any of these scenarios? My friends, these “investments” are not investments. These expenses are irrational expenses. If they bring you pleasure, that’s fine. But don’t call them a good investment because they’re not.
