Introducing Wealthy Joe Investment Management!

About three years ago, a very good friend of mine won a longstanding legal case that revolved around being wrongfully terminated.  The amount of the award wasn’t life-changing in any way, shape or form, but it was better than nothing. and gave her much-needed funds.

She asked me what she should do with the $16,000 she would have left after paying back personal loans to her mother.  My advice at the time was to take the entire $16,000 and invest it.

She knew absolutely nothing about investing, so I told her to create the account and provide me with the user name and password, and I would take over from there.

Now – I must remind you that I eat, sleep and think about investing.  If it were up to me, the market would be open seven days a week.  That’s how much I enjoy it.

Before I made my first purchase, I thought long and hard, because I treated her money like it was mine.

I asked her what her financial goal was, and when she would need this money.  She did not have any money saved for retirement and did not need the money in the near future, so my game plan for her was to be ultra-aggressive and invest in high-growth companies.

I invested in the same companies that I would have bought for myself if the account were mine.  In the 3 years I managed the account, the value went from $16,000 to over $60,000. 

Watching her account grow made me as happy as if it were my own.

It wasn’t until recently that I asked myself: Can I do this for other people?  And the answer I came up with was: yes, I can!

Look, you can invest in a mutual fund.  And if your company matches, you should invest in its 401(k).  However, you should always invest in individual stocks.  No 401(k), no mutual fund on the planet, will ever be able to compare with the growth of an individual stock.

But if you’re like many people, you don’t have the time and/or the inclination to research companies and select your own stocks to invest in.

You can now outsource this task, to me.

For only $10.00 per month, I will actively manage your investment account as though it were mine.

If you are interested, please email me at wealthyjoeinvesting@gmail.com to get started.  Also, please reach out to me with any questions and/or comments!

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

Think Like The Super Rich!

Last week, or the week before, it was announced that David Tepper, the legendary hedge fund manager, was spending $2.3 billion of his hard-earned cash to buy the Carolina Panthers professional football team.  This is a record purchase price for a sports team.

Most of you could probably care less about this.  But I’m sharing it here for a reason: in my view, this move is indicative of how wealthy people think, and how they act.

I wrote a post back in April called “Put Your Money To Work!” I find it fascinating that it’s so difficult for the average Joe to adopt this mentality.

Think about it for a second, if you will.  David Tepper does not need the money.  He’s worth about $12 billion, which he couldn’t spend in 10 lifetimes.  So…why did he purchase the Panthers?

Two reasons.

One…I must admit, what could be more fun than owning a professional sports franchise?

The second, and more important, reason was to park $2.3 billion and put it to work.

Professional sports franchises have proven to be phenomenal creators of wealth over the long term.  It’s not out of the realm of possibility that the franchise could double in 10 years.

That’s my main point!  Wealthy people are always looking for ways to put their money to work…no matter how rich they already are.

Now, I know us average Joes have nowhere near that amount of money to put to work,  But we have to become copycats and emulate the habits of the wealthy.

Whenever you have extra money – whether it be income from work, a bonus, you hit the number, win a lawsuit, hit the lottery, or your long-lost uncle leaves you a wad of cash – please settle all credit card debts, then invest.

Over the past 25 years of my life, the smartest move I could have made anytime I had extra money would have been to invest it.

Start thinking like the wealthy, and always be looking for ways to put your money to work!

If you’ve never invested before and don’t know where to start, please check out my short guide, The Stock Market is For Everyone.

Until next time…enjoy the rest of the holiday weekend!

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)