Monday, May 5, 2014
If you're thinking long term, it's not all about "stock picks"...
I recently attended the Stansberry & Associates Spring Editors Conference in Nassau, Bahamas. Every year, we come together to present our best ideas and hear from a few of our best contacts and industry insiders.
We threw around a lot of specific opportunities for making money... But those weren't necessarily the most valuable ideas we discussed.
After highlighting a handful of his top stocks, for example, one money manager (who asked to remain anonymous) started talking about the billionaires he has worked with in his career... and what he learned from them.
If you can take these ideas to heart, his list will be more useful than a hundred winning stock recommendations. Here it is...
The money manager wrapped up his talk with this advice: "Take your best practices... and all the things you've learned from the folks you respect... and create your own ideas."
If you have lessons like these at hand and practice putting them to work, you'll end up creating a lot of great ideas.
Amber Lee Mason
"If you're not an experienced trader," Amber writes, "it's easy to lose a lot of money in a short amount of time." She says your best bet is to follow the "fifty-five-ten" rule. Learn what it is right here: Shocking Advice from a Newsletter Publisher.
In a classic DailyWealth essay, Dan Ferris shared "The 3 Secrets of Self-Made Billionaire Investors." If you really want to get rich in stocks, he says these three rules should be your foundation. Learn what they are here.
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