Wealth Building Strategies

Famed Short Seller Warns The Nightmare Outcome Will Occur In The Blink Of An Eye

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Once again there isn’t really much to say about the current state of the equity market. The question is whether these prices can be maintained as we go through earnings season. Some companies will have received a boost from the unseasonably warm weather in Q1 this year versus last year, while others won’t be impacted, and in Q2 we will see the opposite. Thus, in the last month the reaction to bad news has been pretty macho. I don’t think that can continue, but then again I certainly didn’t expect the market to be as strong as it has been since the February lows.

….read more HERE

Not a Robo-Client? Then a Robo-Advisor is Not For You

lady on benchRobo-Advice is automated portfolio management with minimal human interaction. These sites are growing in popularity and may work for some people, but in all our years of practicing we’ve never met a robo-client. Investing is so much more than just filling out questionnaires and doing math… CLICK HERE to watch the video

The Evidence-Based Investor Video series is a service provided by Paul Philip and the team at Financial Wealth Builders Securities

Trust Your Intuition

Screen Shot 2016-03-22 at 11.23.26 AM“I am not a product of my circumstances. I am a product of my decisions.”
                                                                                                         – Stephen Covey
Decision making is rarely a rational exercise since we don’t always have the complete set of information available to us.  It is usually an irrational process, with an overlay of rationality to give us inner comfort. As you accumulate experience over time, you learn to depend less on the objective side of decision-making and more on the intuitive side, until it becomes a habit.

In this decision-making vacuum, the difficulty is to discern between emotion and intuition.  I believe intuition is drawn from previous similar experiences that enable us to recall lessons or extrapolate results in a way that gives us additional guidance.  Emotional decisions are based on human nature and undisciplined forces that trigger negative behaviors.

Trusting intuition does not come easily since we are often overwhelmed by human nature (for example, fight or flight response) or become frozen by fear (non-decision). In addition, we will use confirmation bias to seek out more information to justify the decision we have already made in our head, rather than going with the sparse data and feeling in our heart.

It is not something that comes to us easily, as we need evidence that our intuition will help us through trial and error, so, with time, we determine after the fact whether or not it worked. We use that feedback to improve our intuition once again.
Don’t be hard on yourself if you have not really developed a high level of intuitive decision making yet. Just be mindful of it over time, develop confidence in your inner strong voice as you trust it to help you make decisions.

How do you go about doing that practically? Try the following:

Start Small: get into the habit of making rapid decisions on small matters, so you start to trust yourself more. Don’t overthink any small decision, just respond rapidly particularly if you have a strong feeling about the decision.

Be Positive: Fear heightens our insecurities or negativity, forcing us to seek more certainty when it may not exist. Stay positive, and intuition will rise up within you more naturally.

Be Mindful: Be more aware of how you feel, your psychology or mindset, when making important decisions, and then determine how much of the feeling is rooted in fear or courage. It will help you
Don’t Over Analyze: Go with the best information you have in the time available, and then move forward. Over analyzing will drown out you’re your inner voice.

If you go with intuition and it doesn’t work out, try to figure out why. What was it that let you down? Try to understand why and take the time to make improvements. Like any habit, it takes continuous practice, over a long period of time to make it stick. Intuition is one of those soft areas that can be critical in decision making, and understanding it can really help make us avoid making material and costly failures. 

By Eamonn Percy

How to Win the Loser’s Game – Part 7

 So, how can ordinary investors apply the academic evidence – the lessons learned from more than a hundred years of rigorous research? How can they apply that to achieving their financial goals?

Well, this might sound dramatic, but the work of Louis Bachelier, and of Nobel Prize-winners like Samuelson, Sharpe and Fama, should make us question almost everything we thought we knew about investing; and almost everything the financial industry and the media tell us we should be doing. Let’s watch….

“If you are serious about investing and building wealth the video documentary series ‘How To Win The Losers Game” is a must see. It’s excellent. 

After watching the video if you want to learn more about better low-cost, long-term, low-maintenance, diversified investment strategies, download our free guide “12 Essential Ideas For Building Wealth” by clicking on the banner at the top of this page.

Paul Philip, Financial Wealth Builders Securities






The Single Most Important Thing You Can Do to Change Your Life

Unnnnknown“Early to bed and early to rise, makes a man healthy, wealthy, and wise,” Ben Franklin advised almost 300 years ago.
Getting to work early is such a common virtue of successful people, I’m tempted to call it the single most important thing you can do to change your life.
I wasn’t always an early riser. For most of my 20s, if I saw the sun rise, it was before going to bed. And in my 30s, I’d struggle to get to the office by 9 a.m.
I wasn’t afraid of the work. Most days, I put in 12-14 hours. But since I’d accustomed myself to late hours in college and graduate school, I saw no reason to change my waking and sleeping habits.
“I do my best work after midnight,” I used to say. And for a while, I even believed it.
My conversion happened in my early 40s… after I’d already become financially secure. So I can’t argue that it’s impossible to become successful unless you get up early. I did it. Plenty of others did, too.
But I can say the success I’ve had since then has been more dramatic… and has come a lot easier.
At the time of my early-riser conversion, I was working about 65 hours per week. I was beginning each workday at 9 a.m., working until about 8 p.m., and working at least half a day on Saturday and Sunday. (Needless to say, I wasn’t seeing much of my family.)
My partner at the time was getting to work at 7:30 or 8 a.m. (I can’t be sure, of course, since I was never there to greet him!) and leaving at about 6:30 or 7 p.m.
He was working about the same number of hours as I was during the week – but he didn’t work at all on weekends.
I was jealous of his weekends. I promised myself repeatedly that I wouldn’t work weekends either.
But when Friday came to a close, I never felt my work was done. There were always several very important matters needing attention. Therefore, one weekend after the next became filled with catch-up work.
My family didn’t like it. I didn’t like it. But the really frustrating thing was nobody at work seemed to notice all the extra time I was putting in. In fact, I was getting ribbed about coming in late.
After working especially late one night, I stopped for gas at about 2 o’clock in the morning.
As I handed my credit card to the lady in the glass booth, she said, “Man, you look beat!”
“I’ve been working almost 12 hours a day,” I told her. “And half days on weekends.”
She looked at me, unimpressed.
“You talk about it like it’s a virtue,” she said.
“Well, if working long hours isn’t a virtue,” I shot back, “what is?”
“Getting to work first,” she said.
It was bizarre – being lectured about virtue by a gas jockey at 2 a.m. But I knew she was right.
For all the extra hours I put in, my partner – who had his weekends free – had cornered the market as far as the Puritan work ethic was concerned.
He seemed more virtuous not only to our employees but also, I suddenly realized, to me!
There’s something about getting in earlier that seems wiser, nobler, smarter, and just plain more industrious than working late.
Getting to work earlier says something about being energetic, organized, and in control.
Staying late leaves the opposite impression: You’re diligent but disorganized, earnest but erratic, hardworking but a drudge.
In his book, How to Become CEO, Jeffrey J. Fox puts it this way:
If you are going to be first in your corporation, start practicing by being first on the job. People who arrive at work late don’t like their jobs – at least that’s what senior management thinks… And don’t stay at the office until 10 o’clock every night. You are sending a signal that you can’t keep up or your personal life is poor.
The lady in the glass booth was right. Getting to work first was better than working until dawn. From that moment on, I resolved to get to work earlier.
And I did.
At first, it was difficult… and my success was sporadic. But then I came upon a plan that worked.
I resolved to set my alarm clock a minute earlier each day. A single minute would feel like nothing, I figured. Yet in the course of two months, I would have moved the start of my day back by an hour.
I used this minute-per-day program to move my at-work time from 9 a.m. to 8:30 a.m… then to 8 a.m… and then to 7:30 a.m.
Nowadays, I typically wake up at 5:30 a.m. and arrive at my desk (or my workout) at 6:30 a.m.
Taking that path made a big difference in my life. And I’m not the only one.
There are several studies showing successful entrepreneurs – and most CEOs – get to work at least an hour before their employees.
Most of the wealthiest people I know get up early.
In fact, this is such a universal trait among successful people that I WILL now call it the single most important thing you can do to change your life.
Mark Ford


Editor’s note: For the past six months, Mark has been working on a special project only a few of his employees know about. It’s the culmination of his 35 years of experience in building wealth for himself and his protégés. And in just a few weeks, he will reveal it to select readers…
He’ll show you exactly what you need to do to create more wealth. You’ll learn every detail, shortcut, and “loophole” he has discovered. For example, Mark has discovered a way for you to make an extra $20,000 to $100,000 this year. To put your name on the “preview” list and get exclusive wealth-building content – for FREE – click here.