let's talk money

since i love you sons of bitches i'm going to dispense some free financial advice.

bear in mind that you get what you pay for.

1. fuck financial advisers. i know lots of real smart people who trust their money to financial advisers who are less intelligent than themselves. most financial advisers are salesmen. they are selling their services and are only too happy to put you into a mutual fund that will pay them a trailer fee for as long as you hold the investment. don't be lazy, do your own homework.

2. fuck diversification. the answer is simple, only buy the good stuff. history has proven that companies paying dividends and that have a record of increasing dividends have been the best performers by a large margin.

3. fuck risk. stick to companies with a sustainable business model. avoid companies that have to spend large amounts of money just to keep their market share. two examples are high tech companies and gold miners. high tech companies have to continually come up with new products and the competition is fierce. gold mines have a depleting resource and are constantly spending money on exploration and development with no assurance of success. well run banks and pipelines are good examples of sustainable business models. pipelines are my favorite because in addition to being sustainable there are huge barriers to entry by competitors. you don't wake up one morning and decide to build a pipeline. i'm talking oil and nat gas pipelines not pharmaceuticals with a product pipeline.

4. fuck greed. this one is this most important. don't get greedy, take what the market will give you. remember; bears make money, bulls make money and pigs get slaughtered. i've learned that if your goal is to make a return of 5% per year you'll probably make 10% but if your goal is to make 10% per year you'll be lucky to make 5% and stand a good chance of losing money.

5. fuck complexity. leverage and margin are for the pros and don't even think about foreign exchange.

6. fuck depending on your investments. i've noticed that people relying on investment income perform much more poorly than those who don't depend on an income from the market. never touch your principal.

7. fuck envy. don't compete with a friend who got lucky and had a big winner.

some bitter people continually complain about the rich getting richer and the poor getting poorer. well guess what, the rich are usually smarter and almost always work harder.

of course you could copy my good friend noel constant and buy companies based on the bible. start at the beginning of the bible and invest in companies with symbols that match the narrative of the good book. you'll get rich but your son will piss it all away end up being called unk.

fuck that was long winded.

mr shife inspired me to find this, pay close attention if you want to get rich!



i love you sons of bitches.