A friend of mine recently referred a friend of his for help in the stock market. I am flattered and grateful. My earnest desire is to be of service to others; referrals are the best and most powerful way to match up those who offer a service with those who need the service.
Last week, I was able to refer an excellent real estate agent to a friend with a house for sale. The agent immediately connected a person who wanted the house with the seller. The parties did not even need to do a formal listing agreement as the deal came together quickly. Refer a friend whenever you can as it will be a compliment and a blessing.
In discussing the referral to me, my friend and I discussed the $500 to $500,000 problem. Have you heard of this problem before?
When a person is just getting started as an investor he may be very successful and disappointed at the same time. Investors are likely to have high and even unrealistic expectations. If they start with $1,000 and at the end of two years the balance is $1,500, they will have done very well but the $500 gain does not seem like much. If the spouse suggests buying a new TV or appliance it becomes very tempting to spend the $500 profit. The same is true when the investor starts with $10,000 and makes a quick $5,000. It may not seem like a big gain at all. It may be real easy to use the gain to help buy a car.
Even the person who starts with $100,000 and who makes $50,000 may be tempted to buy a new car perhaps even with a "stocks" vanity plate on the bumper. All of these folks have the right to spend their money as they wish but I am here to help those who want to turn $10,000 into $10,000,000 in their lifetime. Most people think this is as likely as winning the lottery so they are not even willing to try.
The fellow who has accumulated a cool million and who makes $500,000 in just two years is an excited investor. He is eager to "do it again". The joy of having made $500,000 is a different joy than having made the $500 but the percentage gain is the same!
Yes, I am delighted to help others with their investments. Yes, a $1,000 account is just as important as a $1,000,000 account. The question for me is the investor just as serious? I very much enjoy spending the time necessary to help and to help educate the $1,000 holder. I only hope the investor is willing to make the commitment to hold on until a 50% gain will make a serious difference in his families life.
WE ARE LIVING IN EXTRAORDINARY TIMES! THE LAST INNOVATION AGE OF EQUAL SIGNIFICANCE WAS ABOUT 500 YEARS AGO WHEN ONE OF THE KEY INVENTIONS WAS THE PRINTING PRESS. THE PRINTING PRESS CHANGED EVERYTHING. THE CURRENT INFORMATION AGE WILL GRADUALLY BRING EQUALLY ASTONISHING CHANGES. YOU CAN NOT STOP IT, NOR SHOULD YOU WNAT TO STOP IT. JOIN IN THE EXCITEMENT. BUY SHARES IN THE TECHNOLOGY COMPANIES BEFORE YOU BUY THE TECHNOLOGY. WHEN GM WAS THE HOT PRODUCT, ONE PERSON BOUGHT A CAR WHILE ANOTHER INVESTED IN THE CAR COMPANY, IN 7 YEARS THE INVESTOR COULD AFFORD 32 NEW CARS WHILE THE CAR BUYER OWNED A 7 YEAR OLD CAR! HOW MUCH DO YOU SUPPOSE A 7 YEAR OLD PLASMA TV WILL BE WORTH?
Monday, August 01, 2005
THE $500 TO $500,000 PROBLEM
Posted by Jack Miller at 8/01/2005 02:47:00 PM
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