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Last Post: 5/12/2009 8:18:13 PM - Followers: 0 - Board type: Free - Posts Today: 0

To find out information to begin your investment life you should have a good understanding of why you are investing. Do not invest just because somebody told you start investing. The why is often more important than the how. The reasons behind your investment decisions will give you the motivation and the clarity to make your decisions wisely.

That is why this board has been created.

"A fool and his money are soon parted."
- unknown 

"A rich man is one with knowledge, happiness and his health."
- Lonnie "Common" Lynn 

"Behind every great fortune there is a crime."
- Honore de Balzac 

"Buy land. They ain't making any more of the stuff."
- Will Rogers
1879-1935 

"Diversification is a protection against ignorance. It makes little sense for those who know what they're doing."
- Warren Buffet 

"Doing more and more with less and less is one form of being generous. In fact, the easiest way to become rich is by being generous."
- Robert Kiyosaki 

"Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work."
- Robert Orben 

"Finding your entrepreneurial spirit and making it strong is more important than the idea or business you are developing."
- Robert Kiyosaki 

"God gave me my money. I believe the power to make money is a gift from God... to be developed & used to the best of our ability for the good of mankind. Having been endowed with the gift I possess, I believe it is my duty to make money & still more money & to use the money I make for the good of my fellow man according to the dictates of my conscience."
- John D. Rockefeller
1905, 1839-1937, the richest man of all time, worth $200 billion (in 2001 USD)

 "Greed is wanting something for nothing."
- M.D.

 "I am successful because I have always been a tortoise. I did not come from a rich family. I was not smart in school. I did not finish school. I am not particularly talented. Yet, I am far richer than most people simply because I did not stop."
- Robert Kiyosaki

 "I came here with nothing, with maybe a hundred bucks in my pocket and had to get a job. And these wealthy people who had made their money themselves, I worked for. It did show me what could be achieved in America, what?s possible if you have some vision to take big risks."
- Mark Burnett

 "I cannot afford to waste my time making money."
- Louis Agassiz

 "I had a dollar. I had a friend. I gave my dollar to my friend. Now I have no dollar and have no friend."
- unknown

 "I'd rather be rich and unhappy then poor and unhappy."
- unknown

 "If money is the root of all evil, then why to churches beg for it?"
- unknown

 "If past history was all there was to the game, the richest people would be librarians."
- Warren Buffet

 "If rewards do not work, what does? I recommend that employers pay workers well and fairly and then do everything possible to help them forget about money. A preoccupation with money distracts everyone -- employers and employees -- from the issues that really matter."
- Alfie Kohn

 "If we command our wealth, we shall be rich and free; if our wealth commands us, we are poor indeed."
- unknown

 "If women didn't exist, all the money in the world would have no meaning."
- Aristotle Onassis

 "If you are not happy while getting rich, chances are that you will not be happy when you do get rich."
- Robert Kiyosaki

 "If you can take advantage of a situation in some way, it's your duty as an American to do it."
- C. Montgomery Burns
The Simpsons

 "If you lend someone $20, and never see that person again; it was probably worth it."
- unknown

 "If you must work for money, find a way to work and be happy. That is financial intelligence."
- Robert Kiyosaki

 "If you think education is expensive, try ignorance."
- unknown

 "If you want to know what a man is really like, make notice how he acts when he loses money."
- Proverb

 "If you want to make money, go where the money is."
- Kennedy

 "In most cases, when people make more money, they get deeper in debt. This is why money alone does not make you rich."
- Robert Kiyosaki

 "In the business world, the rearview mirror is always clearer than the windshield."
- Warren Buffett

 "Investing is simple, but not easy."
- Warren Buffet
 

 "It's very difficult to get one to realize the importance of something when their wages depend upon not understanding it."
- Julius Briner Jr.

 "It isn't necessary to be rich and famous to be happy. It's only necessary be rich."
- Alan Alda

 "It's hard enough to make money that you can't do it by accident. Unless it's your first priority, it's unlikely to happen at all."
- Paul Graham
Why Smart People Have Bad Ideas

 "It's just paper - all I own is a pickup truck and a little Wal-Mart stock."
- Sam Walton
1918-1992, Was second richest man in world

 "Lack of money is the root of all evil."
- George Bernard Shaw

 "Money isn't everything, but it's right up there with oxygen."
- unknown

 "Money may not buy happiness, but it sure makes misery easier to live with."
- unknown

 "Money's only important when you don't have any."
- Sting

 "Most investors say "Don't take risks." The rich investor takes risks."
- Robert Kiyosaki
Rich Dad's Guide To Investing

 "No one can earn a million dollars honestly."
- William Jennings Bryan

 "Nothing's free."
- unknown

 "Our favourite holding period is forever."
- Warren Buffet

 "People with low financial literacy standards are often unable to take their ideas and create assets out of them."
- Robert Kiyosaki

 "Plan for the unplanned and you'll level out the ups and downs of your financial roller coaster."
- Jesse Mechum
YouNeedABudget.com

 "Poverty is the parent of revolution and crime."
- Aristotle

 "Quick riches are more dangerous than poverty."
- Napoleon Hill
Think & Grow Rich

 "Real wealth can only increase."
- Fuller

 "Resolve not to be poor: whatever you have, spend less. Poverty is a great enemy to human happiness; it certainly destroys liberty, and it makes some virtues impracticable, and others extremely difficult."
- Samuel Johnson

 "Risk comes from not knowing what you're doing."
- Warren Buffet

 "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."
- Warren Buffet

 "Someday I want to be rich. Some people get so rich they lose all respect for humanity. That's how rich I want to be."
- Rita Rudner

 "Someone's sitting in the shade today because someone planted a tree a long time ago."
- Warren Buffet

 "Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing."
- Warren Buffet

 "The aim in life is not to die rich. It is to spend as much money as you can afford."
- Harry Triguboff
Chief executive of Meriton Apartments, Net Worth: $1.3 billion, Age: 71

 "The art of living easily as to money is to pitch your scale of living one degree below your means."
- Sir Henry Taylor

 "The gratification of wealth is not found in mere possession or in lavish expenditure, but in its wise application."
- Miguel de Cervantes

 "The love of money is the root of all evil."
- Apostle Paul

 "The only certain means of success is to render more and better service than is expected of you, no matter what the task may be. This is a habit followed by all successful people since the beginning of time. Therefore I saith the surest way to doom yourself to mediocrity is to perform only the work for which you are paid."
- Og Mandino
1923-1996, American Motivational Author & Speaker

 "The primary reason in starting a business part-time is not so much to make a product great. The real reason for starting a part-time business is to make you a great businessperson."
- Robert Kiyosaki

 "The rich man wants it, does the required work, and achieves it. The poor man wants it, does NOT do the required work, and does not achieve it. They both believe they deserve it. Who is greedier?"
- M.D.

 "The value of assets often increases exponentially while the value of your labor only increases incrementally."
- Robert Kiyosaki

 "There's plenty of money out there.They print more and more of it every day. But that ticket? There are only five of them, and that's all there's ever going to be. Only a dummy would give this up for something as common as money. Are you a dummy?"
- Grandpa George
convincing Charlie not to sell the golden ticket; Charlie and the Chocolate Factory (2006)

 "Time is money."
- unknown

 "Too many of us are spending money we haven't earned to buy things we don't need to impress people we don't like."
- unknown

 "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."
- Warren Buffet

 "We simply attempt to be fearful when others are greedy, and to be greedy only when others are fearful."
- Warren Buffet

 "What good is money if you can't inspire terror in your fellow man?"
- C. Montgomery Burns
The Simpsons

 "When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost."
- Billy Graham

 "Wide diversification is only required when investors do not understand what they are doing."
- Warren Buffet

 "You can take of a man's money, but when it's all said and done, you've only taken his money. When you take of a man's time, you've taken a part of his life."
- Wayne Newton

 "You cannot motivate the best people with money. Money is just a way to keep score. The best people in any field are motivated by passion."
- Eric S. Raymond

 "You can't bleed a stone."
- unknown

 "You can't get blood from a stone."
- unknown

 "You can't get rid of poverty by giving people money."
- P. J. O'Rourke

 

 Financial Links and Info

How to use Google Financial www.youtube.com/watch

Financial Markets (ECON 252)

Professor Shiller provides a description of the course, Financial Markets, including administrative details and the topics to be discussed in each lecture. He briefly discusses the importance of studying finance and each key topic. Lecture topics will include: behavioral finance, financial technology, financial instruments, commercial banking, investment banking, financial markets and institutions, real estate, regulation, monetary policy, and democratization of finance. 
 http://www.youtube.com/watch?v=D3aHciiVdvQ

Financial Education 

Of course education is an important part in your financial knowledge.  Here is a list of the top 10 business schools.

2008
Rank
2007
Rank
School Name
School Type
Program
Length
(in years)
Annual Cost(in dollars)
Full-time
Enrollment
Student
Survey
Rank
Recruiter
Survey
Rank
Median
Starting
Salary
MBA Feeder
School Rank
Academic Quality Rank
Index
Number
Faculty
Student
Ratio
Average
SAT Score
Average
ACT Score
Teaching
Quality
Grade
Facilities &
Service
Grade
Job
Placement
Grade
 
1  1  Pennsylvania
(Wharton) Philadelphia
Private 4  35,916 2,519 8  7  60,000 8  1  100.0  11.25  1439  NA A+  A+  A+ 

 
The No. 1 program three years running has it all: high-caliber faculty, students, and alumni.
2  2  Virginia
(McIntire) Charlottesville
Public 2  8,690 652 1  44  58,000 2  3  99.0  10.52  1350  NA A+  A+  A+ 

 
With top-flight faculty and high salaries, UVA came close to unseating Wharton at No. 1.
3  7  Notre Dame
(Mendoza) South Bend, Ind.
Private 3  35,187 1,626 2  18  53,500 12  6  96.7  18.07  1379  31  A+  A+  A+ 

 
Die-hard alums and an emphasis on ethics separate Mendoza from the pack.
4  10  Cornell
Ithaca, N.Y.
Private 4  19,291 708 5  33  55,000 1  13  91.9  19.14  1336  29  A+  A+  A+ 

 
Challenging and practical curriculum leaves grads well-prepared for first jobs.
5  4  Emory
(Goizueta) Atlanta
Private 2  34,336 622 3  38  55,000 9  7  91.2  9.72  1364  NA A+  A+  A   

 
Students like the accessible professors and hard-working career services-team.
6  5  Michigan
(Ross) Ann Arbor
Public 3  12,585 1,069 17  15  60,000 7  8  90.6  14.07  1332  30  B    A    A+ 

 
Rigorous curriculum and teamwork emphasis win praise, but students are no fans of strict grading.
7  8  Brigham Young
(Marriott) Provo, Utah
Private 2  3,840 1,616 6  1  48,000 21  33  89.2  18.16  1232  27  A    A+  A   

 
Students hail Marriott's emphasis on producing ethical future business leaders.
8  9  NYU
(Stern) New York
Private 4  36,524 2,335 10  17  60,000 24  4  89.0  11.73  1438  31.1  A+  A    A+ 

 
Finance focus and NYC location make Stern a magnet for Wall Street recruiters.
9  6  MIT
(Sloan) Cambridge, Mass.
Private 3  34,986 246 4  49  61,118 10  10  88.4  2.41  1387  31  A+  A+  A+ 

 
Training in quant skills is second to none, and undergrads get to take classes with MBAs.
10  13  Texas
(McCombs) Austin
Public 4  8,908 3,969 15  2  49,500 16  45  84.6  42.22  1315  28  A    A    A+ 

 
Accounting and honors programs get high marks, and recruiting wins raves.

 

 

Books of the Month

BOOK # 1

The 7 Secrets of Financial Success: How to Apply Time-Tested Principles to Create, Manage, and Build Personal Wealth (Hardcover)

  • Hardcover: 437 pages
  • Publisher: Irwin Professional Pub (April 1996)
  • Language: English
  • ISBN-10: 0786304596
  • ISBN-13: 978-0786304592
  • Product Dimensions: 24.8 x 19.7 x 3.2 cm
  • Shipping Weight: 1.2 Kg

 

Book Description
The Seven Secrets of Financial Success is a practical, easy-to-read guide to the basic principles of personal money management, insurance, and investments. The seven time-test secrets of personal finance apply to everyone. It moves readers step-by-step up the "Success Triangle"-a road map to building a secure lifestyle and peace of mind by retirement. The Seven Secrets of Financial Success will educate readers on the foundations of financial fitness, help them think and plan like financial winners, define personal financial goals and develop a financial strategy to achieve these goals. They'll discover: How to assess the components that affect financial success and overcome the obstacles to accumulating wealth; Practical guidelines to building a successful, diversified portfolio with clear, concise explanations of the many available investment options; Helpful sections on estate planning, funding college costs, tips for the self-employed, and choosing the right financial advisor.

Ingram
Two million people have taken the first steps to lifelong financial independece and security by attending the Successful Money Management Seminars Series. Now the founders of that series have created a practical, easy-to-read guide to the basic principles of personal money management, insurance, and investments.

BOOK # 2

THE WEALTHY BARBER

  • Publisher: Stoddart Pub (February 2002)
  • Language: English
  • ISBN-10: 0773762167
  • ISBN-13: 978-0773762169
  • Product Dimensions: 21.3 x 14 x 1.8 cm
  • Shipping Weight: 681 g

David Chilton's popular The Wealthy Barber is a good starting point for anyone who wants to construct a personal financial plan. Many people are so scared of dealing with their money that they don't do anything at all--only to suffer for it over the long haul. Chilton shows that planning is simple and you don’t have be a whiz kid to set yourself on the route to financial security. "When I finally learned the basics of financial planning, I couldn't believe how straightforward they were. It's just common sense," is the overarching message.

The Wealthy Barber takes the form of a novel, though it wouldn't win many awards for plot, setting, or characterization. The narrator, Dave, a 28-year-old school teacher and expectant father, his 30-year-old sister, Cathy, who runs a small business, and his buddy, Tom, who works in a refinery, sit around a barber shop in Sarnia, Ontario, and listen as Ray Miller, the well-to-do barber, teaches them how to get rich. The friends are at the age when most people start thinking about their future stability; among the three of them, they face almost every broad situation that can influence a financial plan. Ray, the Socrates of personal finance, isn't a pin-striped Bay Street wizard. He is a simple, down-to-earth barber dispensing homespun wisdom while he lops a little off the top. Ray's barbershop isn't the place to learn strategies for trading options and commodities. Instead, his advice covers the basics of RRSPs, mutual funds, real estate, insurance, and the like. His first and most important rule is "pay yourself first." Take 10 per cent off every pay cheque as it comes in and invest it in safe interest-bearing instruments. Through the magic of compound interest, this 10 per cent will turn into a substantial nest egg over time. This book isn't about how to get rich quick. It's about how to get rich slowly and stay that way.

Chilton's common-sense approach has obviously hit home since his book first appeared; with more than 1.5 million copies sold to date, The Wealthy Barber is the best-selling book ever of any kind in Canada. Some of the financial details have been updated in recent editions, but the story and fundamental advice are timeless. It's probably not the last book you'll want to read on the subject, but it's a good starting point for learning about financial planning. --Edward Trapunski
Source: http://www.amazon.ca/Wealthy-Barber-Successful-Financial-Planning/dp/0773762167

 

PostSubject
#7   First, I am not a member of FreedomRocks smallcapgal 05/12/09 08:18:13 PM
#5   Book of the Month smallcapgal 04/01/09 06:56:37 PM
#4   Where did everyone go? EquityTrader 12/09/08 12:19:21 AM
#3   Investor's Business Daily smallcapgal 08/06/08 07:12:32 PM
#2   Best Quotes of July 2008 smallcapgal 08/06/08 11:36:57 AM
#1   Welcome everyone to this board. Please feel smallcapgal 08/01/08 06:36:24 PM
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