Monday, 25 May 2015

Rampaging Bulls book review

Hey everyone, and welcome to another blog by My journey to the millions. Today's blog will be a book review on the book "RAMPAGING BULLS" by Alexander Tadich. This book is about the stock market, but focus's mainly on smaller cap stocks.

I just finished reading Ramping Bulls today, and my opinion of the book was that is is a great book. It starts off as a page flipping story that gets you interested and into the moment as he explains a story for a big promotion of a company from the past. He explains the stages of trading experiences that you go through before you become an expert trader, starting as the naive beginner, and finishing as a master trader. The story he explains doesn't seem to have to much help to how you can profit of penny stocks, but it gives you a few ideas how you can learn and grow through the stages of learning how to trade penny stocks, and what mistakes he made. The story will keep you glued to the book though, I had read half of the book after the first two days of purchasing it. After the story, at the end of the book, he gives you a series of questions to ask your self about potential companies to buy and you give them a score to see if they could be a buy or not. The book is a great book for any beginner's and I recommend it to be read before anyone starts jumping into penny stocks. This book is about 20 years old though, so times have changed how promoters work, most pump and dumps now are down through massage emails and subscriptions to "stock tips" as they call it. The information age is changing everything, but this book is still useful for learning how to profit of penny stocks and promoters today,

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The face to the name

Wednesday, 13 May 2015

My thoughts on Timothy sykes

Hey everyone, and welcome to another blog by My journey to the millions. Today's blog will be about Timothy Sykes and penny stocks. We will be talking about Tim's subscription to his penny stock alerts and about the risk penny stocks have.

 Timothy Sykes is a professional stock trader, who is quite famous for his industry. He has a website, www.profitly.com, which has his subscription as well as a few other traders you can subscribe to. His cost for her real time buying alerts are about 50 dollars a month. The problem is, even if you have this real time alert, by the time he post an alert, which normally takes about two minutes, the price action of his alert normally has made a huge move of 10-15 cents because he buys it right at the break out. For the people that chase this, and get in at this higher price, they hold more risk and are more likely to lose. He does not expect people to chase his alerts, he says they are their so you can learn the patterns he trades. Sometimes, you can manage to get in at the same price though and win big as well, and if you sell when he sells, you may also be missing out on a majority of the up trend. What I've learned from his trade alerts is to evaluate the price action myself instead of selling and buying when he does. He misses out on a lot of price action because of lack of patience which could be a great amount of profit for those who chase the stock getting in 10-15 cents after he gets in. I would not recommend chasing stocks, as I have lost by doing so. I do think his chat room though is worth it though to find stocks that are making big moves or news.

Tim also has video lessons that are hours long, but the cost is very high. I have not spent any money on these videos, because they sell in the multiple hundreds to almost a thousand. He always has them 50 percent off it would seem as a promotion they try to use to sell more, but they are still way to overpriced. One or perhaps multiple have all sales go straight to donation though, which is generous at least. These video lessons may be fairly priced or overpriced due to how small the teachings of penny stock investing is. If more people start producing what Timothy Sykes offers, perhaps the price of his products will go down due to competition. His long term news letter  he has offers stocks that are held for weeks or months, this costs 200 roughly a month, which is quite pricey. I would hope that most of these picks are winners and higher amounts so costumers of this product can manage to profit after his $2400 yearly price.

Penny stocks have great potential to make a lot of money in a short amount of time, but it also works the other way around as well. Its easier to learn than becoming a doctor and also much more rewarding if you choose to stay on this path but the things I dislike about being a stock trader is that you go into the category of a specialist/professional rather then an investor or big business owner. There is less leverage then other investments in this, and higher taxes than those two categories. It still is a great opportunity though currently as we are in a stock bubble or highly active stock market, whichever you would like to call it. Just be careful to learning and start with a small amount. Don't be trading off emotion selling when it starts going down to put you in a lose to see it bottom out a few cents lower then your price you sold it at then shooting up way past your buying price. Good luck to all, thank you for reading.

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The face to the name

Tuesday, 5 May 2015

My thoughts on Robert Kiyosaki

Hey everyone, and welcome to another blog by My journey to the millions. Today's blog will be about the famous financial author, Robert Kiyosaki. I will be letting you know how I feel about him and his educational products.

I have personally ready about 10 books from Robert Kiyosaki, and I have loved them all.as Currently, I am in the middle of reading "Why we want you to be rich" with Donald Trump as an author as well.  I've always wished he had a book that more focused on his story of trial and error to becoming the successful man he is today but he doesn't mention much about it in just one particular book. There is bits and pieces in each of his book mentioning his struggles and success's in the past. He doesn't talk about any particular way to make money, saying that the stock market is the way to make money, or real estate is the way to go. He understands there is money to be made in any market, any day. You can become rich off the stock market, Real estate market, business, and everything else. He doesn't tell you what to do, or focus on how to get rich. Instead, he focus's on explaining its your why that counts more than your how because your why will push you to find your how. Every ones how will be different because we all have interests in different things. He teaches you about cash flow, and cash flow quadrant. He also educates you about business, and some real estate. Over all, he is my favourite author at the moment. The only thing I dislike about him is how he mentions the Rich dad Poor dad story quite frequently in his books, which if you've read more than one of his books, you'll be reading previously read paragraphs again. I recommend you read his books, and also play his cash flow game. The game is great game and you can play online for free on his website.
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What it takes to become rich

Hey everyone, and welcome to another blog by My journey to the millions. Today's blog will be about what it takes to be rich. Its not always easy but you got to push through to become successful and make your goals manifest.

For those on their path to becoming rich, you've probably been working hard, and smart. You've probably been searching for different ways, and different ideas to get you to your goal. you probably realized getting rich isn't easy but I'm sure you know its worth it. There are millons of ways to become rich, every thing you look at provides an opportunity to creat wealth beyond your imagination. Whatever path you may choose to take to create your dream has a similar forumla as any other path to get the success you truly want. In order to achieve success, the saying you must see it to believe it is true. You must see your dreams and goals in your mind before it can manifest. The time limit for how long it will take before you accomplish what you want is always unknown but setting goal dates will help you accomplish your dreams and goals much faster. If you truly want to be rich, you can not give up ever. Chances are you will fail mutiple times but your not truly failing until you choose to give up permnately. Even if  you quit your current idea to try something new to become rich, you start back at step one and have to start that progress all over. You need to make sure whatever it is your using as a vehicle to get rich is something you love to do, even if you don't see the results you want as soon as you would like. You can't be lazy, you must read, study, learn and work harder than those who already have what you want. Successful people dont like to sleep, and they are willing to work 12 hours days, 7 days a week. Even when times are hard, keep pushing. You must  want to win. You will regret it for your entire life if you give up. Sometimes you may have to take a leap of faith. I can promise you if you never give up, you will be thankful for the life you create for yourself. Good luck to all and work hard everybody.

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The face to the name

Thursday, 16 October 2014

Real estate investing

Hey everyone, and welcome to another blog by My journey to the millions. Today's blog will be about Real estate investing. We will be talking about the numbers game to succeed in this business, and why its such a great opportunity no matter where you live in the world.

Real estate investing is one of the best investments out in the world that you can get into that can lead you to financial freedom. What makes it the one of the best you ask? Its one of the easiest investments to get into that has huge leverage potential, or at least in my opinion. You can even be in profit the second you purchase the property if you do everything right. How you may ask? There are a lot of people out there who are in a rush to sell their house and will take a loss on their house just to get their hands on the money faster. Everyone has a different reason to sell their house for less then the actual value, weather it be divorce which is the main reason for people selling their house for less then the value, or if its handed down to the children after a death, bankruptcy, fore-closer etc. Whatever the reason may be is not your concern, this is your turn to shine and take it as an opportunity! We are going to use an example of a house that is appraised at 200,000 but the owners are selling it for 150,000. The second you buy it, you are now up 50,000 dollars. Now you may not be able to just throw 150,000 dollars at a house though, since most of us don't have that much laying in our savings. We not go to the bank to ask for a mortgage for the house. They agree to do mortgage of 70 percent of the house value. They do not care what you are buying the house for but only the value of the house which is 200,000 so they would give you 140,000 for the mortgage. Now you need 10,000 only for the down payment, so we are going to go to the owners and ask for them to finance you for the down payment of the house. Let's say they agree to this, that's 150,000 you now have from investors, and is enough to buy the house without using any more of your own and you have increased your net worth by 50,000! Now should you sell it? No way, we are going to use that equity to buy our next investment property. Now the compound effect begins. You may think these types of deals are not out there but they are. The numbers behind finding a good investment property is to find one good investment property, you must look at 100 houses, put in 10 offers, you will get 3 people to accept your offer and get financed for one. Sounds like a lot of work, but for 50,000 its well worth it. People do this in a month. The best part is the more you do this, the more real estate agents will automatically call you when they have a deal like this since they know you will buy that day if its a great deal.

Now that is only one part of the real estate investing world. The other thing you are looking for when you but one of these house's is to create positive cash flow money after all expenses of the house. You will have to pay maintenance, property management, mortgages, damages, and other expenses. This is why most people are scared of investing in this market. People are always saying "well what if your roof needs to be replaced?". "Great!" I say, that new roof will bring up the value of my house more then what I put into it! Do we sell to see those profits? No! We mortgage the value that is now added to our property, now why stop there? Add a garage, paint the house, make the house perfect! Most of the time, you will only add value if you replace and add to your property. This also increases the rental price.

This is why I believe real estate is one of the best investments out there. You can buy a house using 0 percent money down in some cases, which is undo-able in the stock market. One problem is you can't sell instantly but you can still finance the house and receive money in a short amount of time. This momentum only gets faster as you start to purchase more houses and move up to bigger pieces of real estate. Now wait til you see the tax advantages to this market! It's unbelievable. I suggest for you all to read "Rich dad advisors: Real estate riches" to learn more about how you can succeed in this business but dont stop there, this is only one book. Hope I opened your mind to how you can get closer to financial freedom! Have a good day everyone and stay connected.

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The face to the name

Monday, 6 October 2014

The Next gold and silver opportunity

Hey everyone, and welcome to another blog by My journey to the millions. Todays blog is about silver and gold, is the opportunity here now, coming , or gone? I will talk about some of the predictions from people that I follow closely, and mention my favorite stock of a mining company.

In the last decade and a half golds value had been rising until just about 2 years ago when it peaked at 1900. Since then, it has been in a pretty sharp decline down to 1200 and is currently hitting its old bottom support line on a chart graph. If we break this support which is around 1180, we could see another massive drop in price. Silver has been hit even harder going from 50 dollars an oz to 17! So the question is, how do I profit off these precious metals? Truth is, you can make money no matter what the price does thanks to having so many worthless companies that aren't to hard to find and you can have access to shorting them. There is one problem though, is now really the time to be shorting after a huge discount of 30 percent in gold and over 60 percent in silver?! Maybe, maybe not. The reasons for the prices going to these levels, as im sure most of us know, is because of all the money printing (inflation), and panic from the great recession but the thing is we never fixed the problems we had during the years of the crisis. All we did was crank the money printers to full speed to prevent deflation by devaluing the currency! In my opinion, gold and silver is a buy because the panic to come in the future could be much worse then what we've seen so now is the time to buy you insurance/investment at a discount! I could be wrong of course about this prediction as we are set up for a great depression to happen fairly soon (next decade or so). What this means is it could be big deflation, or hyper inflation and if it is hyper inflation, you will be wanting to hold on to these metals. If its deflation, there is only one bonus and that's your metals holding its value still compared to other assets. One stock I will be purchasing fairly soon is Bri.v. It is high risk but no one ever got high reward out of low risk. I do not recommend buying any company, do your own due diligence, but this is what ill be doing personally. What I do recommend is learning from Mike Maloney why silver and gold are both great investments in his opinion. Here is his youtube channel: Whysilverandgold.

Overall, in my opinion, the next opportunity in the metals is here and I will be personally taking advantage of this. I recommend you do your own research as I have been doing research for about 2 years now. Like us on facebook and twitter, add me on facebook, and stay connected!

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The face to the name

Saturday, 27 September 2014

How to become successful

Hey everyone and welcome to another blog from My journey to the millions! Today's topic is one everyone needs to read. We will be talking about how to become successful. How can you truly succeed at what you do, or want to do, no matter what it is. Invention, a business, sales, a better husband or wife, etc. Whatever it is, you can use this blog to help you get there!

If you truly want to succeed in life, you must have a burning passion for whatever it is you want! If you don't, its probably not what you truly want! You need to be able to see what you want, you have to imagine it. You have to have a completely clear vision of it. As I write this, I am on fire. I am ready to succeed, I am ready to go out into the world and do whatever it takes to succeed. I will succeed. This is the type of attitude you must have if you want to succeed. You must have an "I can" attitude. You must not let fear or procrastination stop you, or slow you down. You are bigger then fear! Humans keep doing the impossible daily, we can fly to the moon! We can create light on a glass to create television shows, we can fly in the sky from a machine that weights tens of thousands of pounds, we can build sky rises, and the best part is... It started from nothing, other then the imagination. We are capable of anything but most people don't realize their true potential. You need to become the type of person that you would be if you had already accomplished it. You can never stop or slow down, you must push yourself past your limits that you have placed on yourself. Your potential is limitless and you cant let anyone or anything make you thing otherwise. You must picture yourself already having accomplished what you want. Your attitude will determine everything you get out of life. You need to get emotional from the thought of succeeding because you want it so bad. You must want to succeed more then anything, it must be all you think about. Do you want to miss that opportunity because you were to busy sleeping? You must want to succeed more then you want to sleep, More then you want to eat, more then you want to party, or hang out with your friends. You must want it more then you want to breathe, like Erik Thomas said! You must want it! Stay motivated, and go out there and get it! You are here to win! You weren't put her to do anything else in this world but to win so go get out there and WIN WIN WIN! You can do it and the only person holding you back is you! So I am demanding you take action today and follow everything Ive written down here and go out there and GET WHAT YOU WANT OUT OF LIFE! You weren't put here on earth  to create someone else's dream! Go get what you want! Work hard and work smart! Hard work everybody, we make our own luck! READ LIKE SHARE

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The face to the name