Living Life Abundantly

Tired of forex seminar sit-ins and getting little to nothing out of it? I sure got sick of them and searched for a method that wasn’t offered in any seminar. They may or may not know about this method but they sure as heck don’t want to show it to you. This one method has doubled my trade account monthly!

A forex seminar can be beneficial, but in my experience there are a lot of products or platforms that are put in your face that won’t truly benefit you. There are vendors and different trading companies that gather at seminars and try to force their platform or product on you saying it is the best. This is not the case usually; they just want to line their pockets. Line yours with this one method!

A forex seminar shows a trader the basics, and usually nothing more. They like to build up want and need for their training systems to get your money. They don’t actually tell you their tested and true methods to making money. I have found out their greatest secret methods that they don’t want you to know about!

What a forex seminar has offered me in information were only the first few steps to forex. After discovering a method that blew my fellow traders away, they were open ears to find out how I made such massive profits. Blow you’re fellow traders away with the massive revenue you can generate, tell them your secret or keep it to yourself.

Throw the forex seminar idea out the door and move on to the advanced ways that actually produce money. Discover what the guru’s have been using for years and have made profits off of like you would not believe. Be better than the average trader and take yourself to a higher level all together. The successful know a good opportunity when they see one, don’t let this method pass you by!

If your trades aren’t raking the cash you want, you must check out the “Big Wigs” Forex Seminar dominating method. Stop letting the “Big Wigs” feed you BS, take action and find out their untold secrets that a Forex Seminar just won’t show you!

categories: day trading,currency trading,forex,forex trading,foreign exchange,investing,investments,business,finance,fx trading,investment,day trading,currency trading,foreign exchange

This article outlines some things you should consider when selecting an investment adviser. Make sure you get someone worthy and credible before you trust them with your money. After you make sure that the adviser is licensed then you need to consider the advisers experience. Also, check out if the adviser has specialized indemnity insurance or if he has amenities for resolving disputes with any clients.

The question you need to ask yourself before you look for an investment adviser is who can give the best investment advice? There are many people out there who claim to be able to give you the best advise. Some of them are financial planners, financial advisers, brokers, accountants and lawyers.

There are several types of investment advisers out there. The important thing is to find someone who understands your goals, fears and aspirations. They need to have an understanding of your situation and at the same time be licensed to deal with a variety of investment vehicles. These include securities such as shares, unit trusts, group investment funds, time shares, superannuation schemes, life insurance policies, causative schemes, and deposits with banks, finance companies and others.

Make sure that the specific adviser you are looking into deals with the investment options you are interested in investing. For example, if you are interested in taking a cautionary approach to investments and a specific adviser only deals with the stock market then that particular one might not be the one for you. Risk or no risk, long term or short term are some things you need to consider before finding the right advisor for you.

A good advisor will understand what you are looking for and suggest investment options for your needs. Be wary of advisers who push investment products that don’t match your goals. They sometimes make commissions from sales of products and although you want your adviser to be happy you also want them to select options that work with the goals that will ensure your financial success.

Selecting an investment adviser can be tricky. Getting the right advice is important in developing a solid investment plan. Talking to an Investment Adviser is very important and if you live in Toronto you should locate an Investment Advisor Toronto.

categories: Investment advisor,investments,investing,financial advice,Investments,market,stock market,investor,Financial,Investing,money

Seeing how to trade forex by watching fellow traders is a good idea, you never know what you can learn by fellow traders. The fellow traders I knew would spend anywhere from four to eight hours a day going through all their stuff and trading. Using this one method that I discovered made my hour a day turn more profits than their eight!

Thinking that I knew how to trade forex after learning this one method, I had to put it to the test. After a few weeks of testing the results were in, and they were truly astonishing. In a matter of two weeks I found my profits doubled! No other method has pushed me this far ever! Using this one method that the guru’s try to keep hidden has yielded the highest profits yet!

Since learning this how to trade forex method that the guru’s use, it was a short period of time before I dropped all other methods all together. They just did not perform the same or return anywhere near as much profit. In the years of trading with forex, I have never seen a method perform as well in any market conditions as consistent. Find out the method that the big traders want to keep hidden!

Are we still wondering how to trade forex for profits like the big traders? You should wonder no longer and learn what they have been trying to keep from you. Ever wonder why these big traders are making so much more than the average trader? It is because they are keeping information hidden from you, not any more. I have found out their method that works like a charm!

Finally find out how to trade forex like the masters do it. Don’t wonder any longer how they make these insane profits, do it for your self. Not only has this method helped my forex trading skills, it has also made trades more predictable and easy to see. Don’t be left in the dust with the other average traders to never succeed. Discover the truth behind forex and how you can make money like its nothing. Adding this one method to my trading has made my profits soar sky high.

Sick of bull that keeps you from making money? See what is hidden from every trader by checking out the “Big Wigs” How To Trade Forex untold secrets! Don’t let the “Big Wigs” lie to you, discover the best kept tricks and How To Trade Forex today!

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Attempting to learn currency trading when first starting off was difficult. That was only until I learned forex scalping. The forex scalping trading style has to be one of the best to pick from and can be learned quick. In just a matter of weeks a new trader could be ready to go live. Once I learned the scalping style of trading and I incorporate this secret method the gurus have used for years, the profits started to ski rocket!

When learn currency trading? At first I only spent a few hours here and there on my forex. This was soon to end after realizing that I needed to put more time into it to get any kind of results. Dedication took over, and results started accelerating. Once a trader realizes that they need to keep them self in a hardcore trader mindset and put time in, their success will come. Adding this one method to my trading and being dedicated resulted in my trading account doubling in a month!

Where learn currency trading with so much information available? This can be one of the hardest obstacles for beginners. Finding good information and where to learn it is difficult with all the bogus information out there. The big traders have methods that produce money hand over fist and they try to keep it hidden from you. Once I found out what the trick of the big traders was with this one method, I started to dominate the market and doubled my trading account!

Attempting to learn currency trading when first starting off was difficult. That was only until I learned forex scalping. The forex scalping trading style has to be one of the best to pick from and can be learned quick. In just a matter of weeks a new trader could be ready to go live. Once I learned the scalping style of trading and I incorporate this secret method the gurus have used for years, the profits started to ski rocket!

How to learn currency trading the right way was a challenge with so many ways out there. Sure there are many ways you can do your trading, but the key is to find a consistent one to produce profits. When I found the scalping method there was no turning back. Once I incorporated the scalping trading with this dominating method the pros swear by, results started to happen almost immediately.

If your trades aren’t raking the money you need, you need to check out how the “Big Wigs” Learn Currency Trading and dominate! Stop letting the “Big Wigs” feed you baby steps, take action and find out their untold secrets to Learn Currency Trading today!

categories: day trading,currency trading,forex,forex trading,foreign exchange,investing,investments,business,finance,fx trading,investment,day trading,currency trading,foreign exchange

In a down real estate market, finding foreclosed homes is easy. To make your search easier, here is the list of the places where you can find foreclosures. [I:http://marenda.biz/wp-content/uploads/2009/10/DocSchmyz2.jpg]

Auctions

Auction companies hold a large inventory of properties, sometimes selling as much as 100 homes or more in just 1 day. Since the bidding is relatively quick and houses can be sold in a matter of seconds, prices of real estate can go over the board but you can find really good properties in their inventory.

Bank Web sites

Major banks maintain a good list of foreclosed properties. Visit bank web sites and check out the foreclosed properties listing.

Online foreclosure companies

There are a few companies online that specialize in selling foreclosed homes. A small,one-time membership fee is charged to anyone who wishes to access the list of foreclosed properties. Once you join you will normally have access to a list of property from across the nation. This is very helpful if you have a part of the country you prefer to invest in.

Buyers agents/Real Estate Agents

These agents are either maintaining personal web sites or deal directly with real estate companies that sell foreclosed properties. You can search them online. Major cities have real estate offices where you can inquire into possibility of acquiring foreclosures. Be sure to ask if the agent is a “buyers agent.”

Real Estate Signs

You don’t need to look anywhere else because you can find foreclosure signs around your neighborhood.These signs contain address and contact information of the agents you can visit or call. The best thing about considering homes with real estate signs is that you can actually check the condition of the house on-site. Nothing is stoping you from walking the property to take a look to see if it is worth looking into. And with one phone call, you can arrange with the agent the date when you want to see the interior of the house.

Government Agencies

Department of the Treasury and other government agencies have a list of real estate properties for sale. Usually, when buying a house from these agencies, you are required to acquire the services of a real estate broker or personally submit an offer. Go to any of the government agencies web sites for more information.

Doc Schmyz has done real estate deals all over the US. He built a free website shares Real estate investing information for all over the US. Find real estate information by state

categories: foreclosure,REO,Foreclosed real estate,forclosures,foreclosures investing,investments,real estate investing,real estate investments,real estate investors,real estate investor,real estate,real estat,real estate,investing

In this article we’d like to explain adjustment beliefs which can be practical in running an options account. This individual strategy can be practical to each and every type of option spread such as the Credit Spread, Iron Butterflies, Iron Condors, Double Diagonals, as well as others.

Right now as we write this article in 2008, the VIX is at its higher range for the last couple of years, causing options to be expensive. So if making adjustments at the present time, each trader needs to check where volatility is and forecast where it is leading to. Should we really purchase expensive, inflated options, or should we sell them to somebody else? What is the most recent volatility forecast in today’s stock market?

A very common mistake that option traders make is buying or selling options at the wrong time. If we buy options when the volatility is at a high, we are entering a trade with odds against us. Option traders that do this don’t realize why their options lose value so fast. Every option trading adjustment should be made by thinking of the option Greeks and volatility. We really need to understand these fundamentals to succeed in the options market.

A STUDY IN TODAY’S OPTION MARKET

For example, we have on a Butterfly spread and the market has been up-trending for a few days. In this case we might need to make an adjustment on the Butterfly or possibly on our whole portfolio. Options trading requires some management or we can take on great amounts of risk. So, if this is the situation, we’d be looking at adjustment ideas with IV in mind. We’ll study our price chart and also the IV chart. Perhaps we’ll find that the IV is on support now, and it looks like it’s going to rise again.

There are many option strategies and morphing concepts, so how can we make a good decision on what to do in this case? A critical step in the decision making is graphing the current volatility inside the options market. We usually use the VIX and RVX. Is the volatility bottomed and increasing? Is it at a peak and coming back down? Is it barely moving? What is happening in the options market and where is the volatility in relationship to its history? We additionally need to study the technical analysis of our traded asset. Where is the price headed? We have to comprehend Vega and the other option Greeks to accomplish high probability changes to our positions. In today’s example, if the volatility prediction is up, it would make sense to add some positive Vega to our portfolio.

There are many positive Vega option strategies, but some of the most common ones are Debit Spreads, Broken Wing Butterflies, Short Condors, Short Butterflies and Calendars. In our options mentoring course we cover them in great detail.

In summary, prior to doing adjustments to your portfolio or option position, consider the volatility chart of your asset as well as the major markets. This will aid you to make better adjustment choices and reduce risk while maximizing your profits.

Want to find out more about Option Trading? Then visit San Jose Options Mentoring on how to choose the best Options Course for your needs.

categories: trading options,stock market,investing,investments,trading futures

One of the most common bits of information the Real estate investors always ask each other is “What tricks of the trade or inside tidbits can you share with me??” I always answer this question with a question…”What tools do you have in your investment toolbox?”

OK…Hey Doc..what do you mean “Tool Box”. Okay…let me explain it ad tell you the 3 important areas that make it up.

1) Grey matter tools: This is the in your head part of the tool box. It is the manner in which you think about investing, the guidelines you use to select investments as well as ALL the information you call on every time the prospect of an investment even shows its self. It is the investment filter you have developed for yourself.

It is the results of the information you have taken in about investing.

IMPORTANT ELEMENT. While we all know that a zillion books have been written about investing. It is important to understand that you MUST have some knowledge from that book…WHY? Because if you understand what other investors are reading?it actually makes it easier to work with them since you understand where they are getting their basic tactics and understanding from, that helps steer them to the investments THEY are making.

2)Your on-line tool box: Most investors use the web daily. Its a great information source, but most investors also have tunnel vision when they are on the web. we get stuck using a few websites that we think are the best at that will cover all our needs. WRONG answer. This causes a type of blindness I call “INFO INPUT SHUT DOWN”.

How do you avoid the INFO SHUT DOWN…easy…open your tool box to get more tools/ info.

All you do is create an another email and use it to collect eamil updates from various websites. these are going to be websits that will add you to an emailing list and send you any updates/newsletters they send out.

Once you join an email list..no matter what stay with it for at least 6 months. (Not all great investment tidbits are sent out at first.) Email lists to get on are for: investment clubs, investment blogs, investment reference sites, etc, etc.

I avoid most of the “pop up” mailing lists for the simple fact that if the info they offer is any good?someone else is going to share it and it will cause enough of a buzz that you will hear about it. If that the case then go ahead and join it.

The most inportant sites to me are the ones that make the investing game easier. sites that offer me something for free or VERY little cost out of my pocket. Some websites have tools that you just cant wait to try out. (I will admit I have a few sites I visit daily just to play around on and try out the tools they offer) When you find them you will know it…once agian bookmark them.

3) Physical tools. tools we would use in the field. this can be anything from a lap top to a great flashlight for crawling under a house. (I know a ton of investors who get “EYES ON” when it comes to real estate. One of them keeps a jumpsuit in his trunk just incase he needs to dive under a house to check the foundation…by the way…the man is a millionaire several times over and is a very young 64 years old.) These are the tools we need when we need them..I am a huge fan of “dont fail me tools”. Flash lights, a good go by list, circut tester, actualy mortgage calculator…etc.

So there it is..the outline to your toolbox. Build one…update it often..and USE IT DAILY.

In today’s article you’ll find tips about managing an Options Portfolio based on Volatility in the stock market. We’ll explore adjustment concepts that can be applied to any type of option strategy such as the famous Iron Condor, the Butterfly Spread, Calendar Spreads as well as all the others.

As this is being written in October of 2008 the VIX is as high as it’s been. Look at a 5 year chart and see where we are. This level of volatility has made options quite expensive. Before we make any adjustments to our portfolios, we always think about the volatility. Where is it now and where is it going? Should we be buying or selling options at this moment?

Many investors are trading options without an education on option Greeks or volatility. To find consistent success on the markets, one must really understand how volatility affects an option price as well as an option spread. For example, credit spreads rise when the volatility rises. Why? Because when IV rises, the time premium of an option also goes up and increases the price of the contract. This in turn increases the spread. If we don’t understand the fundamentals of option trading, we won’t know how to make good decisions to manage our accounts.

A STUDY IN TODAY’S OPTION MARKET

For instance, let’s say we are in an Iron Condor and the stock market is trending up near the short strike, and we are getting to the instant where we need to formulate an adjustment to supervise our possible danger. If this is the instance, subsequently the IV may possibly have dropped a small amount. We pull up the chart on volatility of the underlying, and we investigate the IV and see it is oversold and will soon rise again.

Options have endless possibilities. Many traders have no idea what adjustment to make when they see their portfolio in danger. If we learn and deeply understand the fundamentals, then adjustments are much easier. They just make sense. So in this case we may see the VIX is about to rise. We could place a long debit spread on the VIX itself as insurance. We could also use a Calendar spread to the downside. We could also use a Broken Wing Butterfly to the downside. Each of these mentioned strategies can take advantage of a rise in IV since they are positive Vega. Also, if your current portfolio is negative Vega, adding positive Vega can help you hedge any loss that you might incur from a rise in IV. Remember, with option trading we are trading direction, volatility and time.

There is really an unlimited number of ways to create a positive Vega position, but the most common positive Vega spreads are Debit Spreads, Short Butterflies, Broken Wing Butterflies (OTM), Short Condors and Calendars. In our mentoring course we discuss option strategies and adjustments in detail.

To summarize, when your option trades come to an adjustment point, always think about the IV of your asset. If you can make decisions based on volatility, direction, and time, then your option trading skills will be much better. It’s the little things like this that make a difference at the end of the year.

Forex trading tips are many, but with so much available information on the internet it can be hard to decipher what are good and bad tips. From my experiences I have arranged some essential tips that any trader may be able to apply.

The first of the forex trading tips is that you must dedicate time to forex. How else are you going to make progress if you don’t spend any time on research and learning to better your trading skills? Your success is dependent on how much time and dedication you put into your work, like most things.

Second for the forex trading tips, persistence. Don’t allow your self to give up before you have even given it a chance to produce some results. Thinking forex will bring over night success is a mindset for failure. A trader must think long term, especially long term goals and averages. Thinking short term is what most beginners first mistake is. One must think long term to achieve success.

Third forex trading tips, finding a method of trading that works for you. Long term testing of the different strategies is important to achieving accurate results. These results will help determine if the method is for you or not. Calculate your profits on a rolling average, it constantly fluctuates. Win more trades then you lose. and you will be fine.

Fourth in the forex trading tips is proper money management. One must properly manage their money in order to achieve success. Hitting trades with an entire trading account is a very risky move, which may quickly lead to a destroyed trading account. Using small margins at first to keep things in control is what money management is all about.

Fifth in the forex trading tips is to manage and research your trades. Watch trades start to finish and be sure you are well researched and prepared. Doing short trades (also known as scalping) it is essential that you prepare before you hit the market. Long term trades are good for long term, but when starting out a trader needs to quickly get experience and build their trading account. If you are looking for one of the easiest managed, best systems on the market. You need to see how the big money makers do it, take a step forward to success and act today on discovering what they try to hide!

The Forex (Foreign Exchange Market) is the recognized cash market for trading currencies, spreads and CFDs. Forex trades are usually for a short term trading pop and not for long-term positions like you can see in the futures market or stock market. This allows for a liquid market due to the many players that are available when a trade is offered.

Fortunately, there are a couple of forex software programs on the market and they have solid performance records. I would strongly suggest that you get the best forex software based on past performance not a bunch of claims and promises. It is a good idea to look at prior testimonials. In fact, all the forex software companies that I deal with have at least a 6 to 8 week guarantee that is unconditional and backed by the merchant.

I started my Forex trading activities by researching on the internet for ideas and systems too, and I soon discovered this type of software called automated trading robots. This currency trading robot can be downloaded by anyone with or without experience, and its user will be able to earn money online with Forex within minutes after setting up the software. The particular robot that I use does not charge monthly recurring fees to use and provides a lifetime support service to all its customers.

There are the many aspects to evaluate before zeroing in on a forex trading broker. If you are not sure about what other consumers feel about this site, you can check out the scores of consumer reviews online. Does the broker follow regulations stipulated as per Forex trading laws? Are all the trade transactions of clients offset?

You can work with a broker or you can take the reins yourself, purchase and use a Forex trading software. Perhaps the best place to find one is online. It is very important that you are very careful when handing over your hard earned money. Be sure to look out for proof of results. While most will boast about their back testings, the main crucial ones to look out for are still the live trading results.

Trading Currencies is trading in many of the money of the world. The currency trade is to be considered as buying and selling of currencys. The Forex market is having daily trading amounts to three trillion American dollar. Forex Trading is same as stock trading except, for a central market where trade can happen. Trading is done on the interbank markets, & has to be seen as OTC (over the counter) markets. Here we shall see what does Curency Trading mean actually.

Trading in Foreign Exchange is the trading of money simultaneously against each other. The spot market is another important one. This is a place where all the deals are taken care of on the place at the same time. This is a volatile market.

Forward in the NHL trade is instantly completed, as you’ve wanted to trade on a future date. As an example if you do trade between United States dollars and Korean currency where you have to borrow in the United States of America (where interest is less) and finish the trade in Korea (interest is high) you can spread a positive that you could get much money. But you will have to pay interest if you actually have negative rate of interest rate differential.

One more important concept is to do trade on margin. Trade on margin is one concept which tells you can trade even more than the money you have on the market. This means that with a margin of nearly 1 percent and a balance of USD 100 you can trade dollar 100000 on the market because United States dollar 100 has been a margin of nearly 1 percent of dollar 100000.

This can work in your advantage, and can also work against you & can lead to big loss if suppose the margin is too high and a position moves against you. Next is what is called the commercial markets. For example, suppose you feel the euro shall strengthen against the US dollar, so you buy in Euros and sell them at a later time supposing that the rate is 0. 9234 and 0. 9236.

This means you will buy and sell at 0. 9234 euro from 0. 9236. Suppose you bought 100, 000 at 0. 9236. Later the market comes in the favor of euro and United States dollar is quoted at 0. 9238 and from 0. 9236to 0. 9234 and you think to sell it.

This implies that you have a profit of 0. 95 minus 0. 98 multiplied with a million = $140. The same is true vice verse Here you sell Euro and you fall back to buy at lower prices.

These are the foundation courses on Trading Forex. This may seem fairly easy, but for making good profit you have to make your own strategy for investing. To do so, explore the stock market and see for any trend changes and other stuff. Implement them into your strategy. It is not so easy for new beginners; you can take help of automated Forex trader. Be ready for any risks as this is a really fluctuating market and is prone to dangers.

Taking a look at Cms forex, offered are things like hedging, high leverage and lot executions up to 10. One thing you should know about Cms is that a lot of forums say they are no good for trades under 10 minutes in length. Execution of buy/sell trades isn’t the best. It may be best to stay clear of this platform as others offer much more.

Cms, one of many available platforms on the market today. There are so many platforms to choose from, it can sometimes be hard to decide which one to use. Real time information on charts is something that every trader must ensure the platform is good for before opening an account. A method of trading that I have found to be astonishing in my trades is the scalping method.

Looking for something better than Cms forex, then it is time to go to one of the quickest profit methods out there. Making your trades with the scalping method is a sure way to making money quickly. With little time in trades and making many a day, it can add up to a substantial income. Scalping is how traders can make quick profits to the bank, not long term trades you have to wait on. Today forex scalping method is preferred to many. Making many trades with smaller profits, can add up to larger total profits then a long term trade.

Compared to Cms forex, it is no doubt that the scalping method can be a quicker gainer on other platforms. With scalping, quick profitable trades are not too hard to attain. Using this method can be a great way to blow you trading account up, and get the cash flowing in. Why are there so many platforms available? So the brokers can make money on the difference. Find yourself a brokerage that charges low fees, it will save you in the long run. Last thing you any trader needs is a brokerage hitting them with fees.

Cms forex could be a place to start, but you may find yourself bored with the platform soon, and profits can take some time. Take your forex trading serious and make a serious decision on the best scalping method available on the market today. Still wondering what scalping method to use, or how to make it work fast? You need this to add to your trading skills and get you past the average trader. 20 percent of the traders make 80 percent of the profits. Don’t let your self be a failing statistic, beat the rest and be the best at forex. Take your profits to a higher level with scalping, and discover what the big traders have been hiding from your all along! Take action today and reach your success!

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• Related Blogs on Cms Forex The Scoop

In this article we’d like to explain adjustment beliefs which can be practical in running an options account. This individual strategy can be practical to each and every type of option spread such as the Credit Spread, Iron Butterflies, Iron Condors, Double Diagonals, as well as others.

As this is being written in October of 2008 the VIX is as high as it’s been. Look at a 5 year chart and see where we are. This level of volatility has made options quite expensive. Before we make any adjustments to our portfolios, we always think about the volatility. Where is it now and where is it going? Should we be buying or selling options at this moment?

Many investors are trading options without an education on option Greeks or volatility. To find consistent success on the markets, one must really understand how volatility affects an option price as well as an option spread. For example, credit spreads rise when the volatility rises. Why? Because when IV rises, the time premium of an option also goes up and increases the price of the contract. This in turn increases the spread. If we don’t understand the fundamentals of option trading, we won’t know how to make good decisions to manage our accounts.

LOOKING AT A HYPOTHETICAL OPTIONS POSITION

For instance, let’s say we are in an Iron Condor and the stock market is trending up near the short strike, and we are getting to the instant where we need to formulate an adjustment to supervise our possible danger. If this is the instance, subsequently the IV may possibly have dropped a small amount. We pull up the chart on volatility of the underlying, and we investigate the IV and see it is oversold and will soon rise again.

Ok, so now we have determined that the IV is on support, and we think it’s going to rise. Well, this means that the market might come back down also. So, do we do nothing at all? Well, that might not be such a good idea because our current position is at risk. So even though we forecast the market is coming back down, we still put some insurance on our trade. We have to avoid catastrophic losses if we want to be successful in the long run. So, in this case, we hedge our portfolio or position with a positive Vega strategy, one that will benefit from a rise in IV.

There are many positive Vega option strategies, but some of the most common ones are Debit Spreads, Broken Wing Butterflies, Short Condors, Short Butterflies and Calendars. In our options mentoring course we cover them in great detail.

To conclude, if the stock market moves against you when you are in an option spread, then always study the IV of your underlying asset. Knowing what is going on with volatility can really help you make better decisions on managing your portfolio. This will definitely reduce your exposure to risk while increase your chances of being a profitable trader.

“Doc what advice can you give me that will help me with investing. What tricks of the trade or inside tidbits can you share with me?? ” My response is normally…”What is in your tool box?” Let me explain what this question means exactly

Now before you go nuts scratching your head, let me define the areas of the tool box. The tool box has three areas.

1)In your head tool box: This is all about how your thinking process works when it comes to investing, and more importantly how open minded you are about investing information. Are you willing to think outside the box in order to look at investment opportunities or must the investment fall within a cookie cutter method you having? In your head means you need to read books, articles, partake in discussions, and basically interact with that big grey hunk of goo that is in your skull.

It is about gathering all the info you can in order to be able to think about investing and where it can lead you.

IMPORTANT ELEMENT. While we all know that a zillion books have been written about investing. It is important to understand that you MUST have some knowledge from that book…WHY? Because if you understand what other investors are reading?it actually makes it easier to work with them since you understand where they are getting their basic tactics and understanding from, that helps steer them to the investments THEY are making.

2) Online tool box: This is one of the most over looked elements…when I say over looked I am not referring to being not utilized…but more to the fact it is not utilized to its overall potential. For example do you have one site you go to more often than not for investment information? If so why? Your answer is most likely because they have the best info I can use. This maybe the answer however, a little side note to this. Most of us get some sort of tunnel vision thinking that one or even a few sites will cover us for all the info we want…but in all honesty we normally close down other avenues of “information input” when we do this. How do we get around the “Info input” shut down???

The answer is very easy it’s called the opt in newsletter/update. Here is how it works.

Simply put you create an email address and when you come across a site you think may be a useful reference you join up for the newsletter they email out. They send it to your “Info email account” and you can go thru the emails as you choose. I must warn you however.

Now dont be to hasty and unsubscribe after the first email. More often then hot the newsletter/updates dont deliver the “meaty info” in the begining…more often then not it comes as a series of newsletters. Look for Investment clubs that offer news letters as well as blog sites, news sites, etc. Any reference sits you can find I recommend bookmarking.

I ,myself, avoid most ad based emailing lists. however, that doesnt mean that all of them are a waste of time. review a few and decide for yourself if they are worth keeping.

My favorite online tools/sites are the ones that cost me very little to use/buy or better yet are free to me. I love to find good resource sites. ( I admit freely I normally link them to my own) A good web tool is a great thing to find. Im not refering to another mortgage calculator…I mena that online tool your just dying to try out. When you find them…bookmark them.

3) Physical tools. tools we would use in the field. this can be anything from a lap top to a great flashlight for crawling under a house. (I know a ton of investors who get “EYES ON” when it comes to real estate. One of them keeps a jumpsuit in his trunk just incase he needs to dive under a house to check the foundation…by the way…the man is a millionaire several times over and is a very young 64 years old.) These are the tools we need when we need them..I am a huge fan of “dont fail me tools”. Flash lights, a good go by list, circut tester, actualy mortgage calculator…etc.

Build your tool box and USE IT.