You probably know Warren Buffet—the 2nd wealthiest man in the world. He grew his money by investing in the stock market.
That the stock market has a psychological problem. More specifically, he is manic-depressive. When Mr. Market is depressed, he sells the business at dirt-cheap prices. When he is happy, he buys the business at sky-high prices.
If you understand this, then you’ll disregard the ups and downs of the stock market. You’ll instead focus on buying great companies that will last for the next 50 years. Like all the companies in our SAM list.
Every month, just keep buying. When a stock hits the Target Price, sell and buy another stock that’s still cheap. That’s our simple strategy that will make you a millionaire.
May your dreams come true,
P.S. A Little Comment About NIKL (NickelAsia):
After NIKL’s price shot up last week (due to Indonesia’s ban on nickel export), I told you to sell NIKL and take your profits off the table. I also told you to buy MEG (Megaworld) and our other recommended stocks. But last Tuesday, NIKL went up even more. So yes, we missed that added uptick. But that’s okay! We never regret if we don’t squeeze out the last centavo of a stock. In fact, that attitude is dangerous. We always try to leave early. This is the safer route.