I have a very boring investment strategy.
So boring, I tell everyone, “It’s as boring as watching paint dry.”
I thought I was original.
Until I read Paul Samuelson, a world renowned Economist (born 1915) who said, “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
He’s the original. I’m the copycat. And what he said is spot on.
If you want to become a multimillionaire, I cannot overemphasize the five principles I personally follow in my investing. These are the same 5-point Investment Strategy that we use in TRC or TrulyRichClub.
Even if you don’t join the Club, you must practice these rules.
Believe me, especially when the market start to boom again, overconfidence can tempt you to get into shady shenanigans like penny stocks. Or gamble with more exciting platforms like Forex or crypto.
I’ve heard sad stories from others who lost their hard-earned money chasing after sensational investments that shot up like balloons, only to pop and fall into zero. They’ll say things like, “In one year, you’ll double your money,” and other crazy statements.
Please. Run away as fast as you can.
Tragic Stories
I can never forget a middle-aged woman who told me she invested her entire retirement money (which she worked for twenty-eight years) to a guy who claimed to be an expert Forex trader and who used trading robots. He was able to give her his promised three percent monthly dividends for a few months only, but in one blip, the money vanished forever.
These Principles Will Protect You
What can keep you safe?
The TRC Five-Point Investment Philosophy.
Here they are:
- Use small amounts of money to buy one or two great stocks monthly.
- Hold ten to fifteen stocks over time, following maximum percentage per stock.
- Invest money you won’t use for ten years or more.
- Invest twenty percent of your income regularly.
- Keep buying great companies even (and especially) in a crisis.
This is our long-term strategy.
And this will make you rich.
Charlie Munger, one of the wealthiest men in the world and partner of Warren Buffett, said “The big money is not in the buying or selling, but in the waiting.”
How do you do this step by step? How do you choose—and buy—one or two undervalued stocks each month?
I will show you in our next issue.
May you become truly rich,
Bo Sanchez
PS. You can also download my free ebook, “My Maid Is Now A Millionaire”
If you have the patience to do this long-term, I can guide you step-by-step.
Grab my free eBook, “My Maid Is Now A Millionaire” at TrulyRichClub.com now