Month: June 2010
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Your broker is not your investment counselor
Jason Hartman”s second Commandment for Successful Investing states that you should have a professional investment counselor. Note that this does not mean your investment broker counts, he likely doesn”t. The reason for this seems obvious to us at Solomon Success. Your broker is often part of a nation or world wide franchise. Their job is…
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Inflation nation
To understand wealth building in America today, you must understand inflation, for it is the force that drives the economic engine. Back in the day of Solomon, the medium of exchange was measured in quantities of goods with intrinsic value like precious metals, livestock, fabric, and, yes, even slaves. Inflation was a non-entity. Today’s investor…
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Successful investing – the short version
Avoid bad debt. Seek good debt. It’s a pretty sure bet that King Solomon would not have been in favor of running up your credit card balance to the upper limit so you can own the latest high-definition big screen television or a sporty new car. This is categorized as icky debt. It will destroy…
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Choose your instruction wisely
Don’t be like the villain from Indiana Jones and the Last Crusade who chose the flashiest cup from among handful of Holy Grail candidates and hit a permanent dead end. So should it be when you decide to seek the investment education you never received in school. Don’t fall for the bread and circus, high-dollar…
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“To know wisdom, and instruction”
We’d like to kick of the blogging side of Solomon Success with a tribute to the first parable in The Book of Proverbs, which bears an uncanny resemblance to the first of Jason Hartman’s 10 Commandments of Successful Investing, “Thou shalt become educated.†Solomon used the word “instruction.†Jason chose “educated†but the intent remains…