In my early career, I was fortunate to do well financially while working at Goldman Sachs. I also made the decision to live below my means, and to invest intelligently. By my late twenties, I had amassed a seven-figure nest egg, and in my early thirties, I actually took an extended vacation for about five years.
What I came to learn, however, is that you don't have to work for Goldman Sachs - or be a multi-millionaire - to be able to retire comfortably or early.You don't even have to figure out your "number"...
The Most Dangerous Myth About Retirement Investing
The most dangerous myth out there right now is that Treasuries are the key to safe wealth building.
Forget about Fed Chairman Ben Benanke's latest palliative.
This misconception will turn your nest egg into a pile of sticks faster than you can say quantitative easing.
And this is a huge problem because the baby boomers are starting to retire in droves.
I call this the Great Retirement Funding Crisis. And I am determined not to be a part of it. And I have a plan.
Small Gains Mean Big Profits in a "Moneyball" Stock Market
It's a "Moneyball" market for tech stocks right now.
That's how Michael Robinson - our resident tech expert and the editor of the Radical Technology Profits advisory service - launched into our private briefing earlier this month.
Needless to say, I was intrigued.
"Moneyball," for those of you who aren't familiar with the term, was the name Oakland A's GM Billy Beane gave to his sabermetric-based efforts to rebuild a contending baseball team - without the benefit of a contending-baseball-team budget.
Beane's experience was captured in the Michael Lewis best-seller "Moneyball." And the book was made into a 2011 movie of the same name that starred Brad Pitt.
As the story goes, Beane realized that the overall "market" he had to work within had been badly distorted by big-spending teams like the New York Yankees (the team had just snarfed his All Star first baseman, Jason Giambi, with a seven-year deal worth $120 million).
To remain competitive, Beane knew he needed to change his thinking. Instead of looking for sluggers with gaudy homerun and RBI numbers, he set his sights on players with high on-base percentages.
In other words, Beane figured his team would score just as often - and probably more - by going after higher-percentage walks, singles and doubles than they would playing for the proverbial "big inning" ... and hoping for the grand-slam homer.
Michael's "Moneyball" analogy is pretty clever. He understands that the stock market is distorted just like the baseball market, albeit by different factors.
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