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The phrase “Write about what you know.” is sometimes credited to Mark Twain but there doesn’t seem to be hard proof of that. And it doesn’t really matter who actually said it or even if the advice is valid but perhaps investors can learn something about how to build wealth by transferring the sentiment to [...]
Are you familiar with the name Elon Musk? The Potomac Institute for Policy Studies is and plans to give Musk their 2010 Navigator Award for propelling advancement in the fields of science or engineering. Let this be motivation to the young investor – Musk hasn’t yet celebrated his 40th birthday. What has the guy done? [...]
Betcha never thought you could build wealth, fame, fortune simply by watching advertisements. Well, actually, you can’t, but it sounds good, hmm? The trouble with online advertising is that an entire industry has sprung up around blocking them or allowing the consumer to fast forward through them. DVRs and pop-up blockers are a few examples. [...]
While we don’t suggest sinking a sizable part of your portfolio into the stock market for reasons we’ve enumerated obsessively in past blogs, sometimes it might be fun to invest in companies with a link to the film industry. Remember, we’re not into stock picks, so a blind baboon might be better at this game. [...]
The renowned physicist, Albert Einstein, may or may not have given the world the following quote: “Compound interest is the most powerful force in the universe.” Whether or not Mr. Relativity spoke those words or someone attributed them to him, investing young and doing just that will go a long ways toward building the kind [...]
In these stormy economic times, you might be called upon by a friend in crisis for a loan. Young Wealth would normally say “Bad idea!” at the top of our voices and remind you that doing so would qualify as dicey money management on your part. There is, however, one situation where we don’t think [...]
