The Jason Hartman Foundation
Chances are, if you’re just beginning the young adult journey, you’ve given a thought to investing. You know you need to do it to get ahead and, since the airwaves are teeming with Wall Street propaganda, you naturally turn in that direction. Most people do.
And most people lose money.
There are three primary reasons it’s easy to lose money investing in stocks, bonds, or mutual funds (Wall Street products). Here they are.
1. Your broker could be a criminal. This is a REAL danger. Don’t take it lightly. You have but to watch the daily headlines to learn that. A few names – Enron, Bernie Madoff. Believe us, anyone, make that ANYONE, can get taken by these guys.
2. Your broker could be incompetent. Maybe not as dastardly but equally damaging to your portfolio is one of these clowns. Yep, think Howdy Doody in a business suit. There are more of them than you might think. It seems anyone can get a business degree these days.
3. Your broker charges outrageous fees. In this case, you must read the fine print. A large chunk of your yearly profit (if there is any) can be eaten up by administrative fees, especially in everyone’s favorite asset – the mutual fund!
What can you do to avoid business as usual on Wall Street? Here’s our answer. Don’t put your money there in the first place. Always maintain direct control of your investments by going with the one that has proven, decade in and decade out, to be the best in history – real estate in the form of rental property.
Don’t worry. We’ll tell you more about it as we go along. For now, keep saving!
For more financial literacy education and investing tips please visit us at http://www.jasonhartmanfoundation.org/
We are here to help!
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http://www.prlog.org/
