by Jay Beattey | May 28, 2013 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
Our last blog talked about the three failure traps. We crossed two of them off the list – leaving us with just failure trap number two to figure out – how to avoid putting our money into things that can – and often do – lose value.
Avoiding Failure Trap No. 2 is so critical, my number one rule of wealth-building is First, Lose No Money.
by Jay Beattey | May 24, 2013 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
The Federal Government has weighed in on the debate over investing fees and commission related to tax qualified plans like IRAs, 401ks, Keoghs, SEPs and others. In 2012, new disclosure rules were designed so you can see just how much you pay to use these plans. But...
by Jay Beattey | May 24, 2013 | Articles, Wall Street, Wealth Building
People think of investing like a batting average – “As long as I get more hits than strike outs, I’m winning.” But in investing – those strikeouts (investing losses) are far more costly than most of us understand. Let’s go back to 9th grade math. When we start with...
by Jay Beattey | May 5, 2013 | Articles, Wall Street, Wealth Building
Warren Buffet is the greatest investor of our time – perhaps in history. Not coincidentally – Buffett’s first rule of investing is the same one I lifted up in my last blog – “First, Lose No Money.” In fact, it’s so critical – that Buffett’s second rule of investing is, “Refer to Rule Number One.”
by Jay Beattey | Apr 29, 2013 | Articles, Personal Finance, Wall Street, Wealth Building
Watching a hot air balloon fill and take off is a breath-taking experience. It’s not until you’re up close, that you realize just how big those things really are.
Before liftoff, you’ll notice sandbags hanging from the sides. Those keep the balloon grounded – and unless they’re cut loose – the balloon will not ascend.
by Jay Beattey | Apr 22, 2013 | Articles, Personal Finance, Wall Street, Wealth Building
Why would I title a blog about building wealth, “how to fail?” Because part of a viable success strategy means figuring out how we could screw it up – and eliminating failure as a possible outcome. While it may seem there are endless ways to fail, the good news is...
