Wednesday, January 7, 2009

Why am I writing this blog

I intend that over the course of time people will see that what I am writing has merit and that if they entrust their savings with me, I will earn them more than if they put it in a bank or invested themselves. But I will not do that until my company, as it currently is, makes profits that I am satisfied with. Or I find a job in the financial industry.

Many friends and family view that I am unemployed and am just wasting my time trading and learning the arcane knowledge known as finance. Two people close to me had been skeptical of my ideas and bought stocks such as Lehman Brothers and General Electric before one went out of business and the other dropped 50%. Both were big losses for them when they would have done far better with my investment approach, .ie making money.

As the first week of January has come to a close, my favorite sector of the economy, mining companies, have exploded higher by about 50-300%. I bought several of the names, but not in a manner that has made me wealthy, and yes, I am kicking myself for not buying more, and yes, I am finally complaining after making profits, but the fact remains: don't let others influence your hard earned place and position on this earth. You came into this world kicking and screaming and their is a reason for it...

As stated in the title of my blog, "If you have no confidence in self, you are twice defeated in the race of life. With confidence, you have won even before you have started" … Marcus Garvey

Only the ones kicking and screaming have confidence, if they didn't, they'd be the silent type and die. And that is what I hope to have learned when my former boss, after several phone calls and faces, signed a fax that will hopefully bring me success in my business dealings here in Israel.

No comments: