This amazing jaw-dropping eReport is by Robert Borowski, best selling author of numerous financial books.
I dedicate this eReport to my friend "Super Dave". You have been a tremendous inspiration to me through our mutual experiences, what you have shared with me, and mostly through just observing you. I fondly remember the "good ol' days" when we were scraping by financially dreaming of unlimited possibilities. I am thrilled that your dreams have materialized, and thank you for your encouragement that contributed to the fulfillment of mine.
Investors of all sorts are ultimately concerned about the bottom line "ROI". It doesn't matter if you invest in Real Estate, Stocks, Businesses, Forex, Money Lending, Mutual Funds, Risky Ventures, Safe deposits like Bonds, or anything you can possibly put your money into, all that matters in the end is the "ROI" you get out of it (ignoring time involvement and ethics).
Incase you don't understand what the term "ROI" means I'll explain it for you. It is an acronym for "Return On Investment". So as an investor, regardless of whatever you place your money into, you look to see how much Return you will receive on your Investment.
Let's say you invest $100 into something like a mutual fund. I'm using this small number simply for illustration purposes of percentages - of course normally you would be "investing" significantly more. If over the course of the year your mutual fund has done well, say making 10%, then the value of your investment has grown to $110, yielding 10% ROI over the course of the year. Most folks would consider this to be an excellent investment, but as you'll soon see you can do significantly better.
Some investments have an uncertain ROI, and some have a fixed ROI. The mutual fund example from above is uncertain in that when you initially place your investment you don't know how well that fund will do over the next 12 months. It could be profitable with a meager ROI like 1%, or you might get lucky and score a huge gamer of 28%, but mutual fluids also have bad years, and so you could potentially lose say 8%, thus having a negative ROI.
Some investments have a fixed ROI meaning that you know what the percentage of Return will be at the end of the year. Putting your money into a savings account Bond, GIC, or some other guaranteed investment that pays a fixed interest will yield you a guaranteed ROI. It is good to have some of your investment fluids placed in these safe vehicles, however the ROI sucks; you'd be hard pressed to find such investments that pay significantly better than 5% per year.
It is noteworthy to mention that there are two kinds of "investments"; passive and active. Passive investments simply require that you place your initial capital into it and then you do nothing while your funds grow. Putting your money into a savings account bond, mutual funds, or other such things is generally "passive". If you invest your money to start up a new business,
and then have to actively participate in "working" the business then your investment is active, meaning that you have to DO something for your ROI. Done properly you can transition an active investment into a passive one. For example, it may take you some time & effort to set up a vending machine business, coin-op wash, parking lot, Internet marketing website, or just about any business that you can later hand over to other people to manage. At some point you may have other people manage the "day to day" activities of the business, or somehow remove most of your time from the equation and at that point your business now becomes "passive" (money keeps coming in without you doing much for it). Royalties on a book you've written, music you've composed, network marketing downline you've established, etc... also become passive sources of funds.
A very important concept that all investors need to be mindful of is to "not have all your eggs in one basket" - diversify your investments. It is important to spread portions of your investment portfolio across numerous areas, some safe, some with moderate risk, and some with higher risk (portions depending upon your risk tolerance). It is not the intention to discuss these topics in this report, but it is worth mentioning here briefly to ensure that you are aware of these concepts. I'll touch upon these ideas for you over the next few paragraphs to at least point you in the right direction for your overall investment strategies, but I'll soon return to the main point of this report.
It is a good idea for "most people" to have an investment advisor. Talking with those people who do investments & insurance (at banks or other investment companies) is generally a good idea for "most people" to set up their retirement plans, and you should consider talking to them for that purpose, but don't expect those "advisors" to make you rich. I have a personal prejudice against these investment advisors; why would I listen to someone who is NOT rich about how to invest MY money, particularly if the main motivation of this person is to sell me on investments that will have unimpressive returns so that he/she can earn a commission from my investment. One of my mentors told me to "never take advice from unhealthy, unhappy, broke people", and I now pass that wisdom on to you (so stop asking your broke friends about their opinions; keep your own counsel). I say that talking to these advisors is good for "most people" simply because most folks don't have the knowledge nor the ambition to engage in better investments on their own. You have to take your wealth development into your own hands if you want to accumulate real wealth.
That said it is still a good idea to deal with such an advisor to dedicate a portion of your investment funds to the "safe" stuff they recommend for your future retirement - make this your secure "get rich slowly" plan - but you MUST do more man just that for real success.
Above I said that you have to take responsibility for your own wealth; you can't rely on other people to do it for you. An important investment actually the most important investment you could possibly make, is to invest in your education. I'm not talking about going to college or university (most schools are a waste of money if you want to build a fortune, but they are good to just get a J.O.B. (Just Over Broke - ever notice how you barely live paycheck to paycheck?), which is a low ROI opportunity). I'm talking about attending seminars, reading books, and taking courses that teach you how to invest in various things (congratulations if you have purchased my Forex training materials as thisqualifies for a smart educational investment). Don't not (not a grammatical error) takethese courses because you think that they are expensive, as actually NOT learning is the expensive alternative. Think about it, a course may seem expensive to you, but ifit teaches you how to make $5,000+ each month then isn't it "cheap"?
Spend the time to learn various investment topics, and then IMPLLMENT the concepts you learn. Taking proactive involvement is the ONLY way you'll ever get rich - so stop holding your breath hoping to win the lottery. Strive to keep adding multiple passive investments to your portfolio and over time your Multiple Streams of Income (MSI) can support a lavish lifestyle for you.
Incase you haven't realized it yet, all the books I've written, and the websites selling my Forex training materials, are one of the pieces of my overall investment portfolio (actual Forex trading is of course another piece, and I do other cool things too as I believe in diversification). Creating the eBooks, eReports and the websites initially required my active involvement but it is now primarily a passive income stream as I have other people taking care of the day-to-day activities. I've invested tens of thousands of dollars in my education to learn how to do these things and now I earn (passively from web sales, and actively through trading - not counting the other things I also do) tens of thousands of dollars each month! The ROI from my educational investment is huge. If I didn't invest in my education (which was very "expensive" for me) then today I would be another bonehead going everyday to some J.O.B. I hate. Folks, I can't stress to you enough thevalue of continually learning more about various business/investment topics and thenDOING what you've learned. If you want financial freedom then that is what you have to do!
eReport By Robert Borowski
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