Sunday, May 26, 2013

When Investing Follow Your Head Not the Headlines

After going through some of the toughest economic times since the Great Depression, the stock market has been rebounding nicely with the Dow closing above 15,000 for the first time as well as the S&P 500 reaching record highs. Despite the good news, newspaper headlines like "Dow hits 15,000 as investors rush to get in" are causing more harm than good. The problem I see because of all of the positive press the market is getting lately is that many investors think that now is the right time to get back into the market, and it seems that many are rushing back in droves to join the party. For a lot of people who already lost faith in the market after the 2008 crash, I think many of those are setting themselves up for more heart ache by re-entering the market specifically because things are looking great now.

By getting back into the market when the market is soaring will only guarantee that you will be buying shares at a premium, meaning you will be buying high. This is goes against all that we've been taught over the years to "Buy Low and Sell High". Also, it is important to understand that when the market is doing well, this is the time that the risk is at its highest point, meaning there is a greater likelyhood that a drop is coming soon. Conversely, when the market is doing poorly it is the greatest time of opportunity in the market. When the market is down, you have the ability to buy more shares at a cheaper price and then when the market goes back up, even it just a little bit, that is when the growth happens.

Yes, there are people who, I like to call "Professional Stock Watchers" and they may do well, however, I wouldn't recommend that strategy for the average investor. Nobody, not even the experts know what is going to happen in the market tomorrow, so it is very hard to try to time the market. Plus, with Dollar Cost Averaging, you actually benefit from all of the ups and downs in the market over time.

So, am is saying that you shouldn't get back into the market now that the market is doing great? No, because I believe that any time is a good time to get into the market. I am however offering a word of advice that you should not try to time the market. Once you get into the market, you need to realize that this is a long-term proposition and you need to ride out the ups as well as the downs in the market.

Remember that once something is reported as news, it is already history. So, stick to your long-term investing strategy and when you need to make a decision use your head ... not the headlines.

I'm so excited to share this information with you. If you have enjoyed the information or feel that it would benefit someone else, please share it. If you have any comments, please post them below, otherwise, feel free to contact me.

Sunday, May 19, 2013

The Day Your Life Will Change for Good!
Written by Chris Widener

Many people long for a better life. In fact, I think it is innate to humans to desire a better life. Wherever we are, we look beyond and dream of a better place. That is good, and that is not so good. It is good because the dream is alive and we can see, even if it is far off, a better situation for us, our families and our businesses and communities.

So why is it not good? It is not good because it is not yet a reality! A dream is no good if it is only a dream. Sure a dream can make you feel good, but long term, if you don’t pursue it and make it a reality, it will cause you frustration more than anything. But there is hope!

I’m talking about the day your life really changes. The day that your dream begins to become a reality, and not some pie-in-the-sky wish. This is the day life turns around for you, the day things begin to get better and you begin to fulfill your purpose, mission and destiny! When is this day?

It is the day you make a decision!

The key to changing your life is to make a decision, and then to act upon it. And, once acted upon, to follow-through consistently until your dream becomes a reality.

So the decision is the key? Yes, it is. Every dream begins as a thought. “I would love to have my own business, to be free to run my life and earn as much money as I want to and take as much vacation time as I want.” Good dream, isn’t it? Probably a dream that most of us have. But there it is, a little electrical impulse bouncing around inside our head. Does that do us any good? Only if it becomes action! And it only becomes action if we make a decision.

Let’s carry this example out. What are the decisions to be made here? Well, there are a few I can think of. One would be to quit your job. You can’t go into business for yourself until you quit your job (or your current boss will be quite upset!). Decide to do it and schedule an appointment with him or her. Walk in and quit! Another decision is to go get your business license. Schedule the time, go get the papers, fill them out, pay the money and register with the state. Bingo, you’re in business!

You must decide what you must do to make your dream a reality. Then you must act upon those decisions. If you do not act, your dream becomes a pipe dream, a non-reality.

When you have acted, you must follow through. Continue to follow your plan, day by day, carrying your dream to completion. Here is a practical exercise to get you moving:

What is your dream? It could be in any area of life: Work, family, finances, health etc.
What is a decision you have to make to get yourself MOVING in the right direction? This should be action–oriented, not philosophical in nature. For example, it should be "I am going to resign on March 1st," not "I’ve decided that being in business for myself would be more fulfilling." That is an idea, not a decision.
Next, pick a day you are going to do it. Pick a time. Be specific.
Next, do it!
Next, begin the process of continually following through.
Next, enjoy yourself; you are pursuing your dream! It may be hard, but it will also be the most fulfilling and rewarding time of your life!

"The history of free men is not written by chance, but by choice—their choice." – Dwight D. Eisenhower

Decide, act, follow through. The day you do will be the day you change your life for good!

Reprinted with permission from Jim Rohn International © 2013. As a world-renowned author and success expert, Jim Rohn touched millions of lives during his 46-year career as a motivational speaker and messenger of positive life change. For more information on Jim and his popular personal achievement resources or to subscribe to the weekly Jim Rohn Newsletter, visit www.JimRohn.com.

Thursday, May 9, 2013

The Four Emotions That Can Lead to Life Change
Written by Jim Rohn

Emotions are the most powerful forces inside us. Under the power of emotions, human beings can perform the most heroic (as well as barbaric) acts. To a great degree, civilization itself can be defined as the intelligent channeling of human emotion. Emotions are fuel and the mind is the pilot, which together propel the ship of civilized progress.
Which emotions cause people to act? There are four basic ones; each, or a combination of several, can trigger the most incredible activity. The day that you allow these emotions to fuel your desire is the day you'll turn your life around.

1) DISGUST
One does not usually equate the word "disgust" with positive action. And yet properly channeled, disgust can change a person's life. The person who feels disgusted has reached a point of no return. He or she is ready to throw down the gauntlet at life and say, "I've had it!" That's what I said after many humiliating experiences at age 25, I said. "I don't want to live like this anymore. I've had it with being broke. I've had it with being embarrassed, and I've had it with lying." Yes, productive feelings of disgust come when a person says, "Enough is enough." There is nothing so life-changing as gut-wrenching disgust!

2) DECISION
Most of us need to be pushed to the wall to make decisions. And once we reach this point, we have to deal with the conflicting emotions that come with making them. We have reached a fork in the road. Now this fork can be a two-prong, three-prong, or even a four-prong fork. No wonder that decision-making can create knots in stomachs, keep us awake in the middle of the night, or make us break out in a cold sweat. Making life-changing decisions can be likened to internal civil war. Conflicting armies of emotions, each with its own arsenal of reasons, battle each other for supremacy of our minds. And our resulting decisions, whether bold or timid, well thought out or impulsive, can either set the course of action or blind it. I don't have much advice to give you about decision-making except this: Whatever you do, don't camp at the fork in the road. Decide. It's far better to make a wrong decision than to not make one at all. Each of us must confront our emotional turmoil and sort out our feelings.

3) DESIRE
How does one gain desire? I don't think I can answer this directly because there are many ways. But I do know two things about desire: a. It comes from the inside not the outside. b. It can be triggered by outside forces.

Therefore, while searching for your "hot button" of pure, raw desire, welcome into your life each positive experience. Don't erect a wall to protect you from experiencing life. The same wall that keeps out your disappointment also keeps out the sunlight of enriching experiences. So let life touch you. The next touch could be the one that turns your life around.

4) RESOLVE
Resolve says, "I will." These two words are among the most potent in the English language. I WILL. Benjamin Disraeli, the great British statesman, once said, "Nothing can resist a human will that will stake even its existence on the extent of its purpose." In other words, when someone resolves to "do or die," nothing can stop him. When confronted with such iron-will determination, I can see Time, Fate and Circumstance calling a hasty conference and deciding, "We might as well let him have his dream. He's said he's going to get there or die trying."

The best definition for "resolve" I've ever heard came from a schoolgirl in Foster City, California. As is my custom, I was lecturing about success to a group of bright kids at a junior high school. I asked, "Who can tell me what "resolve" means?" Several hands went up, and I did get some pretty good definitions. But the last was the best. A shy girl from the back of the room got up and said with quiet intensity, "I think resolve means promising yourself you will never give up." That's it! That's the best definition I've ever heard: PROMISE YOURSELF YOU'LL NEVER GIVE UP.

Jim Rohn, America's Foremost Business Philosopher, reprinted with permission from Jim Rohn International © 2013. As a world-renowned author and success expert, Jim Rohn touched millions of lives during his 46-year career as a motivational speaker and messenger of positive life change. For more information on Jim and his popular personal achievement resources or to subscribe to the weekly Jim Rohn Newsletter, visit www.JimRohn.com.

Monday, May 6, 2013

Respect for Others
Written by Dr. Tony Alessandra

Respect for others goes beyond the Golden Rule. You remember the Golden Rule? Do unto others as you would have others do unto you." It's been around for over 2000 years and still has a solid reputation as a rule to live by. I like to add what I call “The Platinum Rule" which says: “Do unto others as they want to be done unto.” The Platinum Rule helps us to avoid the possible conflicts the Golden Rule could unintentionally set up.

Let me explain. When you treat others as you want to be treated, you can end up offending others who have different needs, wants and expectations from you. Following the Golden Rule verbatim means treating others from your point of view.

That means you naturally tend to speak in the way you are most comfortable listening; or sell the way you like to be sold; or manage the way you like others to direct you.

When you treat people as you seek to be treated, it can cause tension. Why? Because the other person may not like your way. That brings us to the second reason the Golden Rule can actually damage relationships. It implies that all people wanted to be treated the same when, in fact, our preferences are not all alike. So the application of this principle varies from one individual to the next based on their personality differences. Respecting others means learning to treat different people differently, according to their needs, not ours. This leads to greater understanding and acceptance all around.

The trait of “respect for others” can be narrowly interpreted as “live and let live.” That philosophy is giving way to a larger interpretation which breaks down the old "us and them" mentality and leads us to the conclusion that there's only “us.”

Reprinted with permission from Jim Rohn International © 2013. As a world-renowned author and success expert, Jim Rohn touched millions of lives during his 46-year career as a motivational speaker and messenger of positive life change. For more information on Jim and his popular personal achievement resources or to subscribe to the weekly Jim Rohn Newsletter, visit www.JimRohn.com.