In my last Weekend Edition, I told you that all successful investors share a common denominator: knowledge.
This week I want to share with you a specific example of an investor who humbly prided himself on utilizing basic knowledge of what was going on around him with a simple investing methodology that allowed him to reap regal rewards in the end...
$2 million, to be exact.
“Ding-Dong! The Witch is Dead”
The New Year's bells have stopped ringing, hangovers have subsided, and resolutions are boldly printed atop our ambitious “To-Do” lists...
For investors, the goal of making more money typically takes priority as we embark on what we hope will be a better year than the previous one (or few).
Yet this week's fiscal cliff deal and new financial apocalypse fears have left some investors alarmed by the risk associated with investing in a volatile market climate.
What's done is done. It's time to put our fear behind us and trek onward, even if most of us are going to pay more in taxes this year as a result of the fiscal cliff deal.
Don't Be a Lemming
My values professor in college told students, “If you remember nothing else from my class, remember this: Don't be lemmings.”
Lemmings are investors that jump aboard the bandwagon that's about to topple. Meanwhile, the successful elite are already off the bandwagon — ready to exit a stock that's finally broke the news on Wall Street.
This year vow to stay ahead of the curve and learn to identify trends in the making. That, my friends, could make all the difference.
Pay attention to the people around you: What are your coworkers talking about? What new products are they buying? What's the hottest new book, and what company is planning on turning it into a movie? What are retailers struggling to keep in stock this season?
These aren't trite details. No, these are the small signals of what will directly impact the larger market and open new doors of opportunity, regardless of the shape the economy is in.
Move Over, Wall Street
Chris Camillo forever changed his financial future using thais simple methodology.
He's not a financial analyst or a stockbroker or a hedge fund manager; he's just an ordinary investor, like you and me. What makes him extraordinary is that he has effectively retrained his mind to “identify game-changing things in real life that were having game-changing impacts on publicly-traded companies.”
The trick is to notice things that Wall Street hasn't picked up on. Therein lies the key to grand investment success.
That's precisely what Camillo did — and what enabled him to turn $20K into $2 million from 2007 to 2010, some of the worst years in recorded history for the stock market (and overall economy, no less).
Camillo reminds investors: “Sometimes it's not what you invest in, it's what you don't invest in, and I only make one or two big trades a year. I think my story just proves that there's never a bad time to make a great investment.”
One real-life example Camillo uses to explain how he uses normal facets of everyday life to make game-changing investment decisions involves the wildly popular Hunger Games books.
Listening to co-workers and children rave about the books, Camillo knew Lions Gate Entertainment (LGF) would explode once they decided to make movies based on the books... The stock doubled within six months — but Wall Street lagged too far behind to pick up and profit from the story.
“Invest with Conviction”
Camillo says this is also a fundamental aspect of successful investors, to invest with confidence.
Find something material, find something big, and go for it. It's time you had the last laugh.
Learn more about Chris Camillo's investing secrets and success in his book, Laughing at Wall Street.
And stay a few steps ahead of the Street by continuing to tune in to Wealth Daily as a consistent alternative resource for profit ideas and market analysis.
Best wishes for a prosperous future,
for Wealth Daily
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