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We'll Tell You When It's Time to Tap Tesla

A week ago today, in a strategy story aimed at helping you survive and thrive in today’s whipsaw markets, Chief Investment Strategist Keith Fitz-Gerald told us to put Tesla Motors Inc. (Nasdaq: TSLA) on our “watch lists” for a likely future purchase.

“BP, Tesla is a definite ‘shopping list’ stock,” Keith told me back then. “We’ve been nibbling at it here, and have played it successfully several times. But it’s not yet at the point where I’m ready to jump all the way in. I think my rationale behind Tesla remains upbeat. I mean, you’ve got a real winning combination here – a disruptive sales model, a CEO who’s the most innovative guy on the planet, all the capital in the world that can be brought to bear. I don’t give a rat’s [tail] that New Jersey won’t let the company sell its cars there. There are much bigger opportunities. Wait ’til you see what the company does with China.”

Sometimes I think Keith has a “crystal ball” in his hip pocket…

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    Make One Tiny Adjustment Today… Get Rich in 2014

    It's natural to look back. We live in the past. For most people, the future isn't an unknown full of unlimited opportunity. It's about hoping the bad stuff in our past isn't a prelude to the future. But what about the stock market? 2013 was a spectacular year - at least for stocks it was. And already people are afraid about the future. They're afraid that after a great year for stocks, the bloom is off the rose. Are people naturally pessimistic? Are they afraid of the market? The answer to both of those questions is, unfortunately, "yes."

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  • get rich in 2014

  • This New Year's Eve, "Ring the Register" for Profits New Year's Eve is one of my favorite times of the year. And not because I look forward to the lavish parties folks like to hold on that final night of the year. In fact, I don't party at all. My wife and I have actually established a neat little ritual that lets us say adios to the outgoing year... and to welcome in the new one by setting some goals for the one that's coming in. We dress up and go out for a late dinner - usually at one of the nice local eateries that we like and support. But before we do, the two of us always sit by the fire and have our most important "family talk" of the year. Each year, you see, I write an "annual report" that details our achievements for that year. These can include accomplishments at work or in the civic projects we're involved with, great investments we've made, and projects we've completed. As my wife and I sit by the fire, we review that "report" - and celebrate our accomplishments. And then we establish goals for the New Year - creating an "action plan" whose success or failure we'll review at our "chat" the following New Year's Eve. I'm sharing this story for a reason: My wife and I have been doing this for more than a decade now. That's long enough to see that this "tradition" has had a positive impact on our lives. And it points to a habit that I believe every investor should develop. I'm talking about developing a personal investment plan. It can help make you a winner. In fact, it can help make you rich. And today I'm going to show you how...