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I Advice - Rate Yourself - A 20-Question Scorecard for Stock Investors
Allow me to tell you a dirty little secret. When trading forex, your equity will not steadily increase. You will not consistently have more money than you did before--and that's normal.Let's say that you're trading is 50% to 55% accurate. In other words you get 50% to 55% winners.Let's also say that your average winning trade is 1.5 greater than your losing trade. Fair enough? Good. Now for that dirty little secret . . .Only 5% of the time will you have more money that you did before. Only 5% of the time will your account set new highs.That means that 95% of the time you will have less money in your account than you
12. I only purchase a stock when it is showing strength. I want each of my investments to get off to a good start.
13. I always look for companies with the best prospects for long-term earnings growth. I know that over the long term, stock prices follow corporate earnings.
14. I invest only in dominant companies. They have competitive advantages that will enable them to sustain earnings growth.
15. I never trust management which has demonstrated a lack of integrity.
16. I have fun investing. I don’t overextend myself, and I never put money into companies that make or do anything I don’t admire. Fired Before You’re Hired: Five Ways to Ruin Any Interview
Arrive on time. Dress well. Write a thank-you note. Don’t lie on the application. You have the job-hunting basics down, but the gods of employment have plagued your people with a drought. Whether you’re interviewing after a layoff, seeking a change of employment or documenting your futile interviewing plight to milk yet another unemployment check, be aware of these five deadly interviewing sins.1. Don’t get too friendly.
You’re chatting with the interviewer, discussing professional experiences and swapping war stories; however, a relaxed interviewing environment is no excuse to become complacent in your professionalism.
This Stock Investing Scorecard will help you understand what you do well, plus it will suggest areas where you might pay the most attention to improving your investment practices.
Score yourself from 0 (worst) to 5 (best) on each of the following. Then check your total score at the end to see where you stand.
1. I believe that the market is rational over the long term and rewards sensible, intelligent investing. I also recognize that the market is essentially unpredictable over very short periods such as a day or a week.
2. I always maintain a fiduciary duty to myself. I never forget Buffett’s Rule #1: Don’t lose money.
3. I know my investment goals and have clear strategies to reach them. I have written them out, and I review them at least once per year. I adjust or amend them when appropriate.
4. I only invest in excellent companies with sound business models that I understand. I must comprehend how a company makes money before I will invest in it. I will not fall for the next Enron.
5. I always determine a rational price for any stock. I only buy at a fair or advantageous price.
6. I know that a 50% loss on a stock followed by a 100% gain equals zero. Therefore, I am very careful to avoid a large loss on even a single stock.
7. I manage my portfolio intelligently and consistently. This does not mean that I trade a lot, but it does mean that I pay attention. I keep track of the results of each individual stock investment, and I make strategic decisions about what to keep and what to sell. My goal is to let my winners run and to sell my losers.
8. I know that any investment in the stock market carries risk. I actively manage that risk. I am willing to tolerate some short-term variability in my wealth in order to gain the long-term benefit of beating inflation through stocks. I am not willing to tolerate significant losses.
9. Before making any move in the market, I do everything I can to stack the odds in my favor. I know that the best results come when I have an edge. The edge can be better information, better analysis, an advantageous price, better risk management, or a combination of all of them.
10. I read, analyze, and do my own thinking. I am always striving to improve my investment practices. I never buy a stock solely on a tip.
11. Whenever I am interested in a company, I write out its “story” in a few sentences. This includes the company’s business model, its strategies, its prospects for sustainable profits, and (especially) its competitive advantages. If I can’t understand the company's business enough to do that, I don’t invest in it.
12. I only purchase a stock when it is showing strength. I want each of my investments to get off to a good start.
13. I always look for companies with the best prospects for long-term earnings growth. I know that over the long term, stock prices follow corporate earnings.
14. I invest only in dominant companies. They have competitive advantages that will enable them to sustain earnings growth.
15. I never trust management which has demonstrated a lack of integrity.
16. I have fun investing. I don’t overextend myself, and I never put money into companies that make or do anything I don’t admire. Surefire Ways to Pack a Punch With Your Ezines & Newsletters
Newsletters, or ezines, can be an extremely effective marketing tool for your business. It puts your name in front of your potential clients, regular clients, and peers while showing your expertise and professionalism. It’s an excellent means to both market and grow your business and also show your existing clients your creative abilities.What’s an ezine? It’s short for electronic magazine. It’s those e-mail newsletters that you receive on a regular basis. If you are not sending one out now, seriously consider doing so. It can make a big difference in both your business and your bank account. For example, I know one life coach who n’t lose money.
3. I know my investment goals and have clear strategies to reach them. I have written them out, and I review them at least once per year. I adjust or amend them when appropriate.
4. I only invest in excellent companies with sound business models that I understand. I must comprehend how a company makes money before I will invest in it. I will not fall for the next Enron.
5. I always determine a rational price for any stock. I only buy at a fair or advantageous price.
6. I know that a 50% loss on a stock followed by a 100% gain equals zero. Therefore, I am very careful to avoid a large loss on even a single stock.
7. I manage my portfolio intelligently and consistently. This does not mean that I trade a lot, but it does mean that I pay attention. I keep track of the results of each individual stock investment, and I make strategic decisions about what to keep and what to sell. My goal is to let my winners run and to sell my losers.
8. I know that any investment in the stock market carries risk. I actively manage that risk. I am willing to tolerate some short-term variability in my wealth in order to gain the long-term benefit of beating inflation through stocks. I am not willing to tolerate significant losses.
9. Before making any move in the market, I do everything I can to stack the odds in my favor. I know that the best results come when I have an edge. The edge can be better information, better analysis, an advantageous price, better risk management, or a combination of all of them.
10. I read, analyze, and do my own thinking. I am always striving to improve my investment practices. I never buy a stock solely on a tip.
11. Whenever I am interested in a company, I write out its “story” in a few sentences. This includes the company’s business model, its strategies, its prospects for sustainable profits, and (especially) its competitive advantages. If I can’t understand the company's business enough to do that, I don’t invest in it.
12. I only purchase a stock when it is showing strength. I want each of my investments to get off to a good start.
13. I always look for companies with the best prospects for long-term earnings growth. I know that over the long term, stock prices follow corporate earnings.
14. I invest only in dominant companies. They have competitive advantages that will enable them to sustain earnings growth.
15. I never trust management which has demonstrated a lack of integrity.
16. I have fun investing. I don’t overextend myself, and I never put money into companies that make or do anything I don’t admire. Email Marketing - How to Write Content Letters and Free Gift Email Letters
How to Write Content LettersBasically what I do when I write a content email is start with something like this:Hi (name of subscriber):I just finished writing an article about (topic of the article) and thought you should read it.If you are working on a strong Alexa ranking, or are using PPC to monetize your site, then put the article on one of your web pages, and put the link to the page here. Or if you are trying to drive the visitor count of a specific article in an article directory up, then put the link to the article on the article directory here. If not, you can reprint the article in the email itself.<. I manage my portfolio intelligently and consistently. This does not mean that I trade a lot, but it does mean that I pay attention. I keep track of the results of each individual stock investment, and I make strategic decisions about what to keep and what to sell. My goal is to let my winners run and to sell my losers.
8. I know that any investment in the stock market carries risk. I actively manage that risk. I am willing to tolerate some short-term variability in my wealth in order to gain the long-term benefit of beating inflation through stocks. I am not willing to tolerate significant losses.
9. Before making any move in the market, I do everything I can to stack the odds in my favor. I know that the best results come when I have an edge. The edge can be better information, better analysis, an advantageous price, better risk management, or a combination of all of them.
10. I read, analyze, and do my own thinking. I am always striving to improve my investment practices. I never buy a stock solely on a tip.
11. Whenever I am interested in a company, I write out its “story” in a few sentences. This includes the company’s business model, its strategies, its prospects for sustainable profits, and (especially) its competitive advantages. If I can’t understand the company's business enough to do that, I don’t invest in it.
12. I only purchase a stock when it is showing strength. I want each of my investments to get off to a good start.
13. I always look for companies with the best prospects for long-term earnings growth. I know that over the long term, stock prices follow corporate earnings.
14. I invest only in dominant companies. They have competitive advantages that will enable them to sustain earnings growth.
15. I never trust management which has demonstrated a lack of integrity.
16. I have fun investing. I don’t overextend myself, and I never put money into companies that make or do anything I don’t admire. Google Is Taking Over
Google has come a long way since 1998. Wall Street values Google at over 100 billion dollars and that makes the company the biggest media company. Google’s search engine has become the most used search tool in the world and provides effective contextual advertising system for small and medium business owners. The company also has an income opportunity for many web publishers through their Adsense program which allows the website owners place Google ads on their site.The company created a movement on the internet marketing scene where marketers are trying to get top rankings on Google and cash-in on the free traffic it provides. Many peorything I can to stack the odds in my favor. I know that the best results come when I have an edge. The edge can be better information, better analysis, an advantageous price, better risk management, or a combination of all of them.
10. I read, analyze, and do my own thinking. I am always striving to improve my investment practices. I never buy a stock solely on a tip.
11. Whenever I am interested in a company, I write out its “story” in a few sentences. This includes the company’s business model, its strategies, its prospects for sustainable profits, and (especially) its competitive advantages. If I can’t understand the company's business enough to do that, I don’t invest in it.
12. I only purchase a stock when it is showing strength. I want each of my investments to get off to a good start.
13. I always look for companies with the best prospects for long-term earnings growth. I know that over the long term, stock prices follow corporate earnings.
14. I invest only in dominant companies. They have competitive advantages that will enable them to sustain earnings growth.
15. I never trust management which has demonstrated a lack of integrity.
16. I have fun investing. I don’t overextend myself, and I never put money into companies that make or do anything I don’t admire. Using Technology In Estimating Construction Costs For More Accuracy
A construction cost estimator knows that there are a lot of expenses that need to be tracked when estimating a job. Many people who have been in the industry for a long time have always relied on pen, paper and a calculator to estimate a job. They feel that their experience in estimating out weighs the convenience of the new software programs. However, what they do not realize is that using this software can save them a lot of time and headaches.Projecting Construction Costs Is The First Step To A Successful ProjectThere are a lot of costs that have to be considered when estimating a job. Both the seen and unseen cost can delay ato do that, I don’t invest in it.
12. I only purchase a stock when it is showing strength. I want each of my investments to get off to a good start.
13. I always look for companies with the best prospects for long-term earnings growth. I know that over the long term, stock prices follow corporate earnings.
14. I invest only in dominant companies. They have competitive advantages that will enable them to sustain earnings growth.
15. I never trust management which has demonstrated a lack of integrity.
16. I have fun investing. I don’t overextend myself, and I never put money into companies that make or do anything I don’t admire.
17. I am wary of companies with excessive debt, because I know that it is as hard for them to handle as it would be for me. The mere fact that other companies in the same industry also carry lots of debt is no excuse, because I know that every company chooses its capital structure. No solid company needs to be over its head in debt.
18. Although I do not demand that a company pay dividends, I do consider the regular payment and raising of dividends to be a big plus factor.
19. I run my investments like a business. I am dispassionate when making buy, hold, or sell decisions. I never fall in love with a stock. If it is a loser, I let it go. I do not over-hold any stock just waiting (hoping) for it to get back to even.
20. If I cannot find good investment opportunities, I am never afraid to have some of my ''stock money'' in cash. I do not feel the need to be ''fully invested'' at all times.
How did you do? The maximum score is 100. If your score is high, congratulations! You are following a sound approach to investment success.
If your total score is below 80, that raises a serious question whether you should be investing in stocks at all. The good news is that you can improve your knowledge and practices in every area considered.
Focus on any low-scoring areas. If you gave yourself 0, 1, or 2 on any question, that is definitely a red flag. Concentrate on improving your practices in that area. My experience is that improving in any one area can have a significant impact on your overall success in the stock market.
Of course, the best investors are good across the board. That should be your ultimate goal. Investors sometimes go wrong by skipping essential steps. They make “one-time” exceptions. Don’t do that. Follow best practices, and adhere to your own written strategies and tactics, all of the time.
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