Mar 02 2008
A Simple Technique For Extraordinary Profits
I know many people who get a return of 10% or more a month. Now compare this to the buy and hold strategy of averaging 10% to 11% a year. In other words, they make more profits in a month than what most people make in profits during an entire year.
For example, if you invest $5,000 with the so-called professional advisors you would do good to make 10% a year or $500. This means your $5,000 is now $5,500 at the end of the year. This is not bad, I guess.
Now take investors who invest $5,000 and average 10% a month. This means their $5,000 is now $11,000 at the end of the year. This is because they earn $500 each month for 12 months bringing in $6,000 in profits. Notice I did not include the compounding of profits each month.
There are conservative ways to earn 10% a month. For me 10% a month is the bare minimum I will accept. This means there are months where I enjoy much greater returns than 10% a month.
It really is not difficult to make 10% a month. Using the $5,000 example I mentioned, you are looking to make 10% or $500 over the next month. Take $500 and divide it by four weeks. This means you need to make $125 per week or $25 a day.
You need to invest where $5,000 can earn at least $25 a day. If you break it down this way is does not seem overwhelming. For stock investors you can buy a good $50 stock and it only needs to move 25 cents a day. This does not include fees.
A much better approach is to invest in commodities such as crude oil, which is what gasoline is made from. The day of this writing a $4,050 investment returned over $1,260 in profits in one day. This is not a normal return but it is not uncommon either.
Using commodities as an example if you invest $4,050 in crude oil and it moves 25 cents you have made $250. Every 1 cent that crude oil moves in price equates to $10. Crude oil typically moves much more than 25 cents a day. You can realistically invest in crude oil and in one or two days have your monthly return already made.
No doubt there will be people who say they can not come up with $5,000 to invest. Just invest with what you have. In one investment I used $1,688 to make a $325 profit in less than a week. Stop making excuses and find a way to make it happen.
The first step to take is to begin learning how to invest on your own or with a mentor who gets it. You can keep what you already have in place while you are learning. This is a much safer way to get started.
The second step is to begin practice trading by taking what you have learned and implementing it on paper first. See if you can get better returns than your advisor. Comparing your paper profits to your advisor profits is a fun way to get motivated to learn more strategies and techniques.
Once you consistently start earning better returns the next step is easy. Begin gradually investing on your own. Your confidence and profits will steadily build to where you can take over you own wealth building.
Remember this, BUY to be SOLD, not buy and hold.
For more information on strategies and techniques I use in my personal account to generate monthly profits of 10% or more click here: Wealth Code
© Copyright David D. Wells. All rights reserved. You are welcome to forward the entire Article to anyone interested as long as it is not edited in anyway and includes the Resource Box.
David D. Wells is a superstar trader and bestselling author. Let him show you how fortunes are made in the 21st century. Subscribe to his free newsletter at http://www.themoneymotivator.com
Tags: cash, commodities, invest, investment, profits, rich, wealth, wealth-building
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