| By Teeka Tiwari, editor, Palm Beach Daily I made my first big haul in the early 1990s, buying beaten-down junk bonds. I was 19, and before the year was out, my junk bond play would make me over $250,000. That’s about half a million dollars in today’s money. The year before I had made just $8,000. That began a wild ride of moneymaking that had me making $54,000 in one day by the time I was 22. When the mid-’90s rolled around, I was making money hand-over-fist in technology stocks. I was young and making a fortune while living my American Dream. I would love to tell you I embraced my success with calm and sober-minded maturity. I didn’t. I let the money make me an arrogant jackass. And by late 1998, I’d lost it all. You see, I made a terrible mistake… Instead of taking small bets on high-risk, high-reward ideas, I was taking massive stakes. By the time the 1997 Asian financial crisis rolled around, I’d built up a substantial portfolio. But I stuck around too long and got too greedy. And when the market went against me, I made bigger and riskier bets. I lost all perspective and was investing for my ego, not my bank account. Within three weeks, I lost everything I’d made and more. I went from wealthy to poor in less than a month. And ultimately, I was compelled to file for personal bankruptcy. Undefeated in 2020: Every crypto he’s recommended has exploded in price. It was a stunning reversal. Here I was, the golden boy who finally got his comeuppance. My American dream turned into a nightmare. I lost my career, my wife, my family, my self-respect, and for a brief moment I even lost my will to live. It was a dark time in my life. There were many lessons but my biggest investment lesson was I could not build all my investments solely on high-risk, high-reward plays. The next thing I learned was I had to build multiple streams of safe income, so I’d always have a pool of self-sustaining assets from which to build wealth. Here’s how that helped me get rich again… | Recommended Link | | Even if you don’t read dirty magazines… Here’s one time you should’ve… In 1981, a dirty magazine published an article that had the potential to make its readers filthy rich. They interviewed the author of Microcosm in 1990, Life After Television in 1994, and Telecosm in 2002. Each one of these books issued predictions of new tech that took the world by storm and would’ve gotten you ahead of the millions of people investing in them. Today, this same author has a new book and wrote: “The next paradigm could impact over $16.8 trillion in the world economy. And you could get very rich as it does.” To learn how to get a copy of this book showing you the companies that could make you fortunes… | | | -- | After my bankruptcy I started rebuilding my net worth. I worked like the devil was on my back. I took every available penny and invested it into safe income-generating investments. I then took the income generated from my safe investments and put it into well researched high-risk, high-reward plays. This approach magnified my wealth very quickly. The best part was I was getting wealthier without putting my current lifestyle at risk. I call this asymmetric risk investing. Think of it this way: A symmetrical risk is where you risk $41 to make $1. An asymmetric risk is where you risk $1 to make $100. This type of investing allows you to take a small amount of money and greatly amplify it. “Penny Trade” Pays Warren Buffett as much as an extraordinary 4,429%? If you position size right, the potential gain far outweighs the risk. A recent example of this is when I made $75,000 from a $700 investment back in 2017. Another investment helped me make as much as $1.2 million from just $1,000. The key lesson to remember is that you can’t build your whole portfolio on ideas like this because those types of investments can go to zero from time to time. If that were to happen now, I wouldn’t sweat it because I only use the money generated from my safe investments. That means if I blow all my safe income this year on risky asymmetric bets, 100% of that money gets replenished next year from the dividends and interest from my safe money. This is the key to getting really rich, really quickly, without ever blowing yourself up. Here’s the approach I took… | Recommended Link | | MAJOR Big Bank “theft” – is your bank on the list? This is outrageous! On page 37 of one of President Trump’s recent financial disclosures… there it was… A stunning line that proved what some consider a “theft” of as much as $4.3 million by one of America’s largest banks. Now, you may not have billions to your name. But here’s what matters… Almost ALL Americans are falling victim to this same “robbery.” In fact, if you have $10,000 in a big bank… Bank of America… Wells Fargo… Chase… Capital One… or others. You’re likely being “taken for a ride” to the tune of almost $1,000 a year… Find out all the details about what’s going on in this video. | | | -- | Here’s How to Start Building Your Wealth Now To truly build long-lasting wealth, you need to generate multiple, reliable streams of income – so you can fund your higher-paying, riskier strategies without risking your financial health. Here are the steps I recommend you take: Focus on increasing your ability to earn more money by improving your work ethic and work skills. Choose to live well below your means so you can save over 60% of your monthly income. Put no more than 5% (if you’re below 30, you can bump this up to as much as 20%) of your liquid net worth into asymmetric investments. Put the rest of your money into conservative, income-producing investments and strategies. Reinvest a portion of your safe income back into well-researched asymmetric investments. Repeat until you’re rich. More Income = Faster Wealth It may seem paradoxical. But the more “safe” income you build, the more “free” income you’ll have to speculate on high-risk, high-reward plays that can change your life right now, not 20 years from now. It’s never too early or too late to begin building your wealth. The sands of time will continue to slip away, regardless of your actions. So why not make the choice today to do something different… Put yourself on the road to happiness and security in 2021 and live the dream life you want for yourself and your family. Let the Game Come to You! 
Teeka Tiwari
Editor, Palm Beach Daily
Like what you’re reading? Send us your thoughts by clicking here. IN CASE YOU MISSED IT… Tech expert Jeff Brown joins legends on Shubert stage The historic Shubert Theater has played host to a list of stage legends. Robert Redford, Audrey Hepburn, Jimmy Stewart, Clark Gable, Liza Minnelli and Paul Newman rose to fame on Shubert’s stage. Now, you can add another legend to the list. But he’s not an actor or a singer… His name is Jeff Brown and he’s one of the foremost experts on technology stocks in the world. For the last two years, Jeff has revealed a previously unheard-of technology – on the Shubert stage. In May 2019, he revealed a tiny device that would be inside every 5G iPhone. Video of the presentation went viral – with over 11 million views. Now, Jeff has returned to the Shubert… And he’s revealing 3 completely unheard-of technologies… These could be the next darlings of the stock market. And you’ve been invited to watch Jeff’s presentation – absolutely free. Click here to join Jeff on the Shubert Theater stage. 
Get Instant Access Click to read these free reports and automatically sign up for daily research. | 
没有评论:
发表评论