Let’s face the cold hard truth – you do not have enough money. While there are options such as inheriting, stealing, begging, or bartering, the best method to make a fortune is to invest it by having your money make you money. While this takes hard work, a detailed plan, and a little luck, investing money is what prudent people have done for centuries. In addition, in my honest opinion, using and putting your brain to use will save your body from backbreaking manual labor.
Here is one method of making money that did take some time but the payoff is tremendous. And even though you may be lazy and human nature has a tendency to try to make money quick, follow my advice and see for yourself if my method works.
* I am not a financial adviser or offering any particular advice on investing, I am sharing how I learned to wisely invest my money.*
First – The very first thing that I did was apply for a library card knowing that the library has a subscription to Value Line. Value Line is considered the most trusted name in investment research. It is even reported that Warren Buffet (the king of investing) highly regarded the advice from Value Line.
Second – Value Line has four model portfolios featured for different styles of investing. Portfolio One is for the more aggressive investor wanting to emphasize year-ahead price performance. Portfolio Two is for the moderate investor, includes stocks that will provide above-average income and whose prices have the potential to increase. Portfolio Three is for is for investors focused on long-term capital gains. Portfolio Four is for investors with an interest in current income are likely to find interest here
Third – Pick one portfolio that suits your investment style and watch whatever stock you are interested in for some time. When deciding to invest buy shares over a period of time (dollar cost averaging) and watch your money grow! My advice is to not buy it all at once because the stock market can take wild swings up or down.
Recap – get a subscription to Value Line, pick your portfolio that suits your style, pick a stock or two, and invest wisely. By following this advice you will be rolling in the dough and with enough luck you may be able to retire before your broke friends.