Investing Articles

The Magic Bullet

Investors are forever on the lookout for the magic bullet that will make them a killing.

But the magic bullet is not the same for everyone and many Internet “gurus” will try to tell you differently.

One way to learn quickly those you can trust and those you can't are by reading investing articles.

Get-rich-quick schemes are so rampant that almost every website features an advertisement or banner inviting you to click your way to more dollars. Sometimes their letters and advertisements even make their way into your inbox.

Get-rich-quick schemes tell you that you can earn hundreds (or even thousands) by just sitting around the beach while money rolls in.

Then there are those that say you can make $100 an hour stuffing envelopes, $300 an hour answering online surveys, and $500 an hour filing out forms.

Many people who act on the belief that there is a magic bullet for success end up regretting their decisions.

Free Lunches and Food Stamps

Did you know that almost half the people in the United States do not pay yearly income taxes? These people live on welfare paid for by the other half of the population (the taxpayers).

There really is no such thing as a free lunch. Welfare, food stamps, and free services are only free to the half of the population that does not pay for them — while the other half does!

If even welfare is not really free, is it hard to believe that the magic bullet is just a myth?

Great Expectations

Many “gurus” offer you quick fixes for your financial woes. If you commit yourself to their quick fix, chances are the only one who will make money from the arrangement will be the “guru.”

Many magic bullets come in the guise of a marketing plan that promises to pay you extra dollars. Well, guess what? They may actually pay. But the bad news is that you will make money by selling this “marketing plan” to other people like you who are looking for a ticket to easy money.

Such schemes are nothing more than online pyramiding scams! Think about it: Do you have an actual product? If the answer is no, you’re involved in a pyramiding scheme.

Then there are stock market investors who expect much more than the long-term average return rate of 10% per annum. They buy all sorts of investing books that promise to yield them 15% if they follow a simple formula. You want to guess who really makes money from those investing books?

One of the most lucrative trades in the information age is hawking information, particularly of the moneymaking variety. Authors of investing books are probably the only ones who have found their magic bullet!

Remember, even professional investors do not get rich quick. They nurse their investments over long periods of studying the stock market. They study their options and strategize. Their fortune comes from careful study and making more correct decisions over a long period of time than wrong ones.

Therefore, the only sure thing in this world is really hard work. That’s your magic bullet! Read as many Investing articles as you can find and develop your own beliefs as to whom you trust and who you don't!