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Don't Trust Media Types Who Play 'Investor'

By    |   Thursday, 15 Jul 2010 12:53 PM

If you want investing advice, ask a real investor.

Since my last article, where I mentioned it was a great time to buy stocks, the Dow Jones industrial average has increased each and every day. My personal portfolio is up more than 23 percent for 2010 while the S&P is flat.

While the doomsayers were hiding under their beds waiting for the future to be clear, those of you have joined the Dividend Machine have profited greatly from the low prices all this fear has caused.

Senate Bill S.3018 Could Close Strange Tax Loophole

Folks, I will let you in a on a secret: The future is never clear.

Anyone who tells you otherwise is either fooling themselves or trying to fool you.

In the past few months, the media has been full of pundits and Internet clowns who have predicted great doom and gloom for those who invest in equities.

What’s ironic is that most of these people have jobs “teaching” or talking about investing.

Many of these media pundits have jobs such as college professor or investment writer — or they have their own blog, where they sell fear.

I don’t look down on folks who have these jobs. However, let’s examine this situation a little closer

If you needed a heart transplant, would you go to the best cardiologist in your town or a medical-school professor who has never done a transplant in his life?

How about the difference between the local business writer and a professional investor?

Folks, more than 90 percent of all financial journalists in the world have never earned the lion's share of their yearly earnings from investing. I have made more than 95 percent of my annual income from allocating capital — not by talking about it.

If these financial writers could actually allocate capital, they would raise large sums of money and make their living as professional investors.

I prefer knowing what John Paulson, Wilbur Ross, Bill Ackman, Nelson Peltz or Warren Buffett think. They are real investors, who among them have made about $300 billion dollars allocating capital for them and their investors.

What’s ironic is that my Dividend Machine subscribers have bought the same stocks as these great investors — but at a cheaper price.

Imagine being able to be partners with the greatest investors in the world, but getting an even better deal than they did.

Combining compounded interest with the reinvestment of dividends has helped me build a dividend stream that covers all my family’s annual living expenses.

Sound interesting? Click on the link below for more ...

How to Collect $1,196 a Week. Tax FREE!

About the Author: Bill Spetrino
Bill Spetrino is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He is also the editor of the Dividend Machine. Discover more by Clicking Here Now.

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BillSpetrino
If you want investing advice, ask a real investor. Since my last article, where I mentioned it was a great time to buy stocks, the Dow Jones industrial average has increased each and every day. My personal portfolio is up more than 23 percent for 2010 while the S P is...
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2010-53-15
Thursday, 15 Jul 2010 12:53 PM
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