Lazy Person's Way to Wealth : All It Takes Is Doing Nothing

Law Steeple MBA (COR)

ISBN 10: 1482307138 / ISBN 13: 9781482307139

Published by CreateSpace Independent Publishing Platform, 2013

About this Item

Unread book in perfect condition.

Seller Inventory # 20494266

Bibliographic Details

• Title: Lazy Person's Way to Wealth : All It Takes Is Doing Nothing
• Publisher: CreateSpace Independent Publishing Platform
• Publication Date: 2013
• Language: English
• ISBN 10: 1482307138
• ISBN 13: 9781482307139
• Binding: Soft cover
• Condition: As New

About this title

Synopsis

“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett >Earn 10% to 12% on your mutual funds FREE of income taxes. >Avoid 1% to 3% fees and commissions on your account. >Use low-cost mutual funds that are well diversified. >Use a special IRS account to protect all your interest and gains. You don't need to do a thing to grow your money in the stock market. That's right. You don't need to gamble on the right stocks or advisor to earn $500,000 tax FREE! You can do it yourself using the same low-cost high-return mutual funds that the wealthy use. The only thing you need to do is … NOTHING. The wealthy don't sit in front of computer trading all day. They don't waste their money on products brokers sell. Also, now you can grow your money without income taxes or fees. Patience is all you need to become wealthy over time. People who know their industry know where to invest their money. They know which firms are growing. For instance, investors in Biogen, Qualcomm, EMC, and Kansas City Southern RR saw increases of 6,000% to19,000% in the last 20 years. However, sometimes they make mistakes, like Enron, WorldCom. Stock traders make mistakes too. Buying and selling is not investing. Most earn 2%--less than inflation! Of course, if you knew anything about genetics, cell phones, internet or rails, you might have put your money in the right businesses. The stocks above tanked for a while but the lazy person who did nothing is now wealthy. Their $2,000 might be worth $300,000 now. Most us do not know which businesses will grow quickly in the future. We have to “settle” for the average returns of 10-12% a year. See page 24. Each of our $2,000 investments would be worth about $20,000 over 20 years in diversified funds. Don't gamble! Invest and DO NOTHING.

About the Author

Law Steeple has been in financial services for over 20 years. He was a managing executive of the sales units of a number of bank securities firms. He is one of the insiders who contributed to the The Insiders Guides set of buyers' guides edited by Dan Keppel. The guides provide specific ways to save on all financial services. The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year is available at Amazon, Barnes and Noble, and Abebooks. Law lives in New Jersey and Florida.