| Stocks and Mutual Funds:
Investing can be very lucrative, but only if you have money
to invest. The point of investing is to get back a
significant amount of money more than you invest.
Personally, I stay away from stocks and mutual funds because
they are too risky, and they are not tax-deductible. Also,
they simply do not provide the returns I am looking for.
Ideally, I like to generate a R.O.I. of between 50-500% in less
than 2 or 3 years.
For most serious investors, that is a reasonable expectation,
assuming that you know where to find good investments.
Most people who think stocks are a "good investment"
find this incredulous.
If you have money in the stock market right now that you are
not prepared to lose (yes, your 401K counts), then I highly,
highly recommend the book Prophecy
by Robert T. Kiyosaki.
This is the first Kiyosaki book that got absolutely blasted
by the financial magazines like Business Weekly and the
Financial Post. Primarily, because it's message is highly
antithetical to the advertisers of those magazines.
For example, Robert Kiyosaki warns against taking advice from
a broker for two main reasons
1) He gets a commission for selling you the investment.
2) Who do you think pays for all the Merill-Lynch
advertisements?
Do you want a free audio preview of Prophecy before you buy?
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Tax Liens:
Tax Liens are a great investment. You can earn 16% and
higher and have your investment guaranteed by the government.
I won't go into the details here, but I will tell you about
three introductions to the subject so you can do your proper
research. (Obviously there is some risk involved.)
Joel S. Moskowitz has written a very good book on the subject
call the 16% Solution. Since it was written in 1994, the
laws are not up to date. However, it is the least
expensive introduction to the topic.
Watch out for Ted Thomas. He offers a $2000 course, and
conducts hands-on tax lien training (as in a field trip to go
buy some tax liens).
He is however, a shady character and very
mean-spirited. When I bought his course, (which I thought
was a little light on details) he promised to help everyone by
funding their first deals.
Which was technically true, but only if you found a certain
deal that was nearly impossible to find.
I would recommend starting with John Beck's Free & Clear
Amazing Profit's program. It comes with a well-written
book, VHS tape, CD, and a completely up-to-date directory for
all the counties in the United States.
Get it here.
Tax Deeds:
Tax Deeds are related to Tax Liens. But be careful,
they are generally more expensive, and you can get stung with a
bad buy.
On the upside, you can easily do this in Canada.
I got stung on my first deal and ended up breaking even,
however, I have $24,000 tied up in a bad property in a bad area
with no tenant for over a year.
Also check out Fibonacci
Trading Education Software info
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