Money Myth Number One: More Money will Solve My Money Problems
I often hear people say, "if only I could just make a little more money, I'd be able to get ahead financially." This sentiment actually reflects a myth about money that has kept countless people from reaching financial prosperity. This is the myth that more money solves money problems. I'll also look at what the reality is, and how you can leverage that reality to gain incredible mastery over your money situation.
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Financial Myths vs. Financial Facts
FINANCIAL MYTHS vs. FINANCIAL FACTS Evaluating Funding Options for your B2B Business The world of commercial finance is complicated. It is suggested that all businesses consult with their trusted advisors (CPA, Attorney, or Partner) before entering into any financing transaction that will have long term effects on their business. The following statements are the opinions based on the dictionary definitions herein below. Merriam-Webster Online Dictionary Abridged Definitions: MYTH: Pronunciation: 'mith Function: noun Etymology: Greek mythos 1 a: a usually traditional story of ostensibly historical events that serves to unfold part of the world view of a people or explain a practice, belief, or natural phenomenon. 2 a: a popular belief o ...
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Certificate Of Deposit As Safe Investment Alternative
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Most homeowners purchase their houses through mortgage finance or a loan. There have been many changes in home mortgage financing and loans in the past ten years, bringing many benefits to homebuyers. These changes also bring some significant tradeoffs. The greatest benefit a homeowner received from the changes in mortgage finance is that there are more choices. More choice means a homebuyer can effectively shop around for the best mortgage finance deals and make better decisions.
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The Flattening of the Information World Produces a New Investment System Called SmartKnowledgeU™
Philadelphia, PA (PRWeb) February 27, 2007 -- SmartKnowledgeU™, a comprehensive investment system that leverages the rapidly changing information world to improve investment returns in the global stock markets, officially opened its doors for business this month. J.S. Kim, the Founder & Managing Director of SmartKnowledgeU™, contends that the flattening of the information world has made the utilization of trails of money left behind by corporate-government-banking relationships as the best method to identify global stocks that possess superior risk-reward scenarios.
Mr. Kim states that while big investment firms may help you preserve wealth, they will never help you build wealth. To support his contention, he points out the use of poor strategies by many money managers like the act of pegging clients' portfolios to top components of domestic stock market indexes and the use of mutual funds to obtain foreign market exposure. Furthermore, he states that widely embraced strategies such as diversification and fundamental analysis have extremely limited utility in helping investors achieve financial freedom.
"To identify the safest places to invest money, one must take the time to identify the right stocks in the right market at the right time," Mr. Kim passionately claims. "Though this may seem like an extremely difficult task, the flattening of the information world has enabled the average person to accomplish just this. Most of the stocks that will help investors achieve financial freedom, the ones that return high double-digit and triple-digit returns, are never even considered by the top investment firms. Even when they are, chances are that diversification strategies will greatly dilute the effect of that great performing stock."
When Mr. Kim realized that no one was leveraging the changing information world to invent new advanced wealth planning techniques, he decided to develop an online investment course that could meet a niche demand. Mr. Kim took five years to carefully develop the SmartKnowledgeU™ system so that it would be easy to learn and furthermore not require long boring hours of tedious technical analysis and number crunching.
During the first year Mr. Kim used his proprietary SmartKnowledgeU™ investment strategies, he achieved a 40% annual portfolio return with 100% long positions. Today, portfolios that he manages contain many stocks that have appreciated over 40% during a six to nine-month period, with the top stock currently sitting on a return of 175%.
"Despite the fact that everyone thinks that number crunching is so important to investment success," Mr. Kim states, "I actually have discovered that the political knowledge I gained while earning my Master in Public Policy was every bit as important, if not more so, than my MBA in finance when it came to learning how to achieve tremendous returns in the global stock market."
"Too many people think of investing as a linear exercise though investing is an art. It is absolutely possible to drastically reduce your risk while simultaneously increasing your odds of achieving great returns. It's a shame that the many myths spread by global investment firms have led many investors to mistakenly equate volatility with risk. On the contrary, if your goal is to build wealth, I consider 8% to 10% annual returns to be extremely risky. At the end of the day, the only thing that will help you achieve financial freedom is the absolute return of your portfolio."
About SmartKnowledgeU™:
SmartKnowledgeU™ is a comprehensive online investment education course that uses novel, proprietary advanced wealth planning techniques called MoneyPing™ strategies to identify the safest places to invest money. SmartKnowledgeU™ was founded in April, 2006 as a free weekly investment newsletter service and grew into a comprehensive education course with more than 400 pages of content, 200 exam questions, 100 lessons, and 25 exercises.
Contact:
J.S. Kim, Managing Director
SmartKnowledgeU™, LLC
1-800-657-1380
http://www.smartknowledgeu.com
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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