Page 2 - _10 Copy of Final Lead Magnet The Wealthy Dummy
P. 2

Simple Lessons for Peace and Profit in Stock Market Investing

               Thank You for Subscribing to The Wealthy Dummy!  Here are my 9 simple lessons learned
               over 20 years of investing.   My intention is that they will bring peace and profit to your
               investments.

               #1 Make Money Your Honey. Most of us have an ugly relationship with money.  We don’t like
               it, but need it. We believe money is the root of all evil. We put it down. We waste it. We flaunt it.
               We covet it.  We are jealous of those who have it.  Here's my million dollar idea for you:
               Understand your beliefs about money. If you are not at peace with money, you will self
               sabotage.  Your money beliefs and your intentions for wealth and prosperity must be aligned.

               #2 Automate your Investments.   Use your banks' Bill Pay service to pay yourself first by
               investing CONSISTENTLY and AUTOMATICALLY.  Choose a mutual fund or ETF (Exchange
               Traded Fund) and invest weekly or monthly.  Start small, think big. When you receive a raise, a
               tax refund, a bonus, or a gift, first give thanks.  Then send a portion of it to your investments.
               Your future self will thank you for it.   Automation emasculates fear and greed -- the emotions
               that sabotage stock market success. Automatic investing over the long haul is the
               investor's best friend as it lowers the average cost of your investments through the
               fluctuations, and neutralizes the knee jerk reactions to fear and greed.

               #3 Make your Mistakes Early. Losses are Tuition Paid to Learn the Nuances of the Stock
               Market.   Despite quotes attributed to Warren Buffet, mistakes are inevitable in investing.  I
               have made every investing mistake possible.  However, I made my mistakes early in my
               investing journey.  Over time, the stock market is very forgiving and you will recover from
               mistakes. Never repeat mistakes or let small losses become large ones!

               #4 In the Stock Market, Boring is Beautiful.   Wall Street panders to our ego by offering up
               creative fads to beat the market.  However, study after study has shown that 80% of Wall Street
               money managers cannot beat the market benchmarks consistently.  These are the folks who
               spend every waking hour living and breathing the stock market!  If professionals cannot beat the
               market benchmark, average investors -- with less time and knowledge -- cannot.  In stock
               market investing, boring and average is the way to wealth.  If you are looking for excitement, go
               to Las Vegas.  At least the casino will pay for your seafood buffet before they skin you at the slot
               machines.  Never seek excitement and adventure in the stock market.  Pick the lowest cost
               index ETF (Exchange Traded Fund) or mutual fund, that allows you to start small, and add small
               investments, with zero commissions (most brokers have them).  Automate it, and let
               compounding work its magic.

               #5 KISS the Stock Market (Keep Investing Stupid Simple).  If you struggle to explain your
               investment rationale to a 10 year old, find another investment.  We make investing
               unnecessarily complicated by trying to find the next winner.  Instead, embrace human ingenuity,
               and invest in the total market.  We cannot predict which sector, or stock, or innovation will
               succeed.  Invest in them all. That is what a total stock market tracking index does.  Index
               tracking empowers us to invest in all human endeavors pursuing happiness and progress.  If
               you are optimistic that the future will be better than it is today, then the stock market is the best
               wealth building tool to participate.

               #6 Understand the Power of Compounding.  Albert Einstein called compounding the 8th
               wonder of the world.  Time in the market -- not timing the market, is the best way to compound
               market gains.  It's important to ride the gyrations of the market.  Gains and losses are
   1   2   3   4   5