Issue #2257
- WEALTHY: Debunking another Wall Street maxim (Rick Pendergraft)
- HEALTHY: A healthy way to leave your bad mood behind (Dr. Jonny Bowden)
- WISE: Anne Morriss on commitment
ALSO IN THIS ISSUE:
- Are you ready to make "The Big Decision"? (Michael Masterson)
- If you’ve got it, use it (David Cross)
- It’s Good to Know… about online video tutorials
- Add "retrench" to your vocabulary
Imagine Knowing of a Casino Where the Dealer Tipped His Hand Before You Made Your Move and Didn’t Care How Many Times You Beat Him.
When Would You Stop Going There?
This is nothing to do with games of chance, but I hope your answer to that question would be a resounding, “NEVER”!! Assuming you’re sane that is… Well, that is a virtually PERFECT analogy of the power of the insider signal!
It’s often said, “The Stock Market is just a big casino”. And it’s true. But the important omission in that statement (to keep the masses out!) is the dealer in this casino tips his hand to the select few… the insiders.
Such powerful knowledge could make YOU very rich indeed… Click to learn more…
What a Difference 5 Days Can Make
There is an old saying on Wall Street that the first five days of the year are indicative of how the rest of the year will go. And the first five days of 2008 stand as the worst in history. The S&P 500 lost 5.3 percent from January 2-8, topping the previous record of minus 5.2 percent set in 1932.
The first five days of trading do have a bearing on the rest of the year – but only if the market is up strong. According to the Stock Traders Almanac , big moves to the upside in the first five days have led to big up moves the rest of the year 86 percent of the time. But the opposite doesn’t necessarily hold true. If the first five days of January are down, the probability that the market will be down for the whole year is only 48 percent.
My advice is to ignore most of the old Wall Street mantras. Instead, focus on the 20-month and 100-week moving averages for the S&P. They can give you a reliable heads up as to where the market’s going.
[Ed. Note: Rick Pendergraft, a two-time winner of the "Top Trader" award at Schaeffer's Investment Research, is a contributor to ETR's free e-zine, Investor's Daily Edge . Learn how to protect your portfolio and multiply your money - in any market - by clicking here.]
"The irony of commitment is that it’s deeply liberating – in work, in play, in love."
Anne Morriss
What Does It Take to Really Change Your Life?
I was 13 when I first heard the word "underachiever." Mrs. Growe, my ninth grade English teacher, used it to describe a student who had, in her opinion, failed to work to his potential. The student? Yours truly.
"Mr. Masterson," she announced to the class, "is the classic example of an underachiever. He doesn’t complete his work assignments. He shows up late for class and then wastes his time daydreaming. As a result, he produces C work. From a child with modest potential, I would be happy with mediocre results. In his case, I am very disappointed."
I was not surprised at the assessment. It was accurate. I couldn’t deny it. The female maturation process held my interest at that time. That and football. And goofing around with my friends. And just about anything else but schoolwork.
I wasn’t a good reader. And I couldn’t sit still during class. Much later I discovered that I was suffering from a combination of dyslexia and what is now called "attention deficit disorder." But neither Mrs. Growe nor I knew about such things then. As far as she was concerned, I was a perennial slacker. I shared her opinion.
At least once a year, however, I promised myself that I would "turn over a new leaf." I sensed, as Mrs. Growe did, that I was not as dumb as my grades suggested. And I felt, deep down in my bones, that eventually I’d make a success of myself.
But before I could be successful, I had to change something very fundamental about myself. And that change began at the end of my senior year when I woke up one day and realized I was disgusted with myself.
I was tired of being the perennial screw-up. I was sick of getting lousy grades and playing the fool in class. I wanted to become the person Mrs. Growe thought I should be. But it seemed to be too late. There was only a month to go before graduation, and it was obviously impossible to rectify four years of poor performance in so short a time.
Since my grades were mediocre, I had no chance of getting a college scholarship. And since my parents couldn’t afford to help me with tuition, I had no choice but to attend a local community college. The community college was happy to take my $400 a year, and would be equally happy to give me the Cs I had been earning in high school. But I wasn’t willing to live that life any longer.
I realized that, oddly enough, my lack of success was a benefit in disguise. I was about to put myself in an academic environment where mediocrity held sway – where I would be competing with other high school screw-ups just like me.
What if I used the remaining time I had in high school to prepare for a new and better life in college? What if I directed my energy toward developing skills and habits that would help me succeed over the next four years?
And that’s exactly what I did. The Saturday after I made my big decision to change, I drove my ‘56 Bel Air to Nassau Community College in Hempstead , NY. I gathered together everything I could about the school and the curriculum I was going to be involved in. I brought it all back home with me and spent the rest of the weekend carefully reading every pamphlet and brochure.
I was doing something I had never done in school: getting ahead of my competition by planning my success. In the next few weeks, I became a minor expert in that little college. I knew every course they offered, every major they offered, and every teacher who’d be teaching freshmen that year.
Taking the initiative to plan my success gave me a very positive feeling. I could actually feel myself changing. I was becoming – even before I began – a serious and committed student.
I realized that I would be starting college as a brand-new person. None of my teachers would have heard about my high school antics, and none of my fellow students would be expecting me to be the class clown.
Starting college without the bad reputation I had established in high school was like a gift from the academic gods. I could walk into my new classes as an interested, enthusiastic student who was there to succeed.
And that’s what happened. I showed up for classes in September on time, prepared with the required texts. I sat in the front row and raised my hand whenever the teacher asked questions. I did my homework assignments and spent my spare time studying. Between attending classes, studying, and running a house painting business on the side, I worked 16 hours a day, seven days a week.
By the end of the first semester, I had the reputation of being an A student. Throughout the rest of my college and graduate school career, I never retrenched.
I sometimes think about what would have happened to me if I hadn’t finally become disgusted with myself. Or if I had failed to make those preparations that allowed me to turn over a new leaf.
It’s highly likely I would be grinding out a living somewhere, working a job I didn’t like, struggling to pay my bills and making futile resolutions – knowing I’d live out my life as a habitual underachiever.
The difference for me was the simple realization that if I didn’t change myself, my life wouldn’t change – not then or ever. I had wasted my high school years making promises I never truly meant to keep. But I was tired of doing that.
Thinking back, I can see that there were several factors that allowed me to change in a serious and committed way:
- First, I had bottomed out emotionally. I had finally reached a point where I truly detested myself for not achieving what I felt was my potential.
- Second, I made a decision to change completely – to go from being a C student to the top of my class.
- Third, I recognized that I would have to change not just my work habits but the way I thought about myself. I would have to "become" the A student I wanted to be.
- And last, but not least, I took action immediately. I didn’t wait till September to make the change. I started right away by preparing myself to succeed during my final months of high school.
Have you made resolutions that you’ve failed to keep? Held dreams of success and happiness that you’ve failed to fulfill? Do you sometimes feel that, however much you’ve done, you are still, in part, an underachiever?
If so, there is good news. Your past behavior has no bearing on your future work habits. If you can change the way you work – even just a little – you can change the way you live.
Most people reading this will think, "I don’t need another motivational speech. What I need is a change of luck."
I’m here to say that luck had nothing to do with the change in my life. And it needn’t have anything to do with whatever changes you would like to make in yours. Had I waited for luck to come to me, I might be waiting still. My life changed when I got fed up and started planning my success.
You, too, can change your life if you are (a) dissatisfied with the lack of success you’ve had so far, (b) willing to make a big change – and not just a minor adjustment, (c) prepared to start working differently and thinking about yourself as a different kind of person, and (d) willing to start now by preparing yourself to succeed.
Are you ready to get going? ETR has a top-notch program that can help you get started today. Patrick Coffey tells me you can take a look at it with no obligation.
Then… I’ll explain the next step in my next article a week from today.
[Ed. Note: Michael Masterson's brand-new book on business building has already hit #1 on the Amazon best-seller list. Ready, Fire, Aim: Zero to $100 Million in No Time Flat is a book for entrepreneurs and businesspeople. But no matter what your goals are, this blockbuster book will help you take action. Learn more about the proven strategies and time-tested techniques Michael reveals in Ready, Fire, Aim by clicking here.]
Learn how to "Hotwire’ the Internet for fast and furious profits…
These days, it seems like everyone’s getting bogged down with all the technical jargon and being intimidated by the internet… and rightly so, because doing things the way all the ‘experts’ say is a real headache!
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Discover that much needed extra bit of breathing space and peace of mind an extra grand or two here and there can give you today. Read about it here.
Reader Feedback: "You tell it like it is."
"Michael, I like who you are. You are a good man. You tell it like it is, shoot from the hip. You are qualified to give advice because you have been there, done that, walked in our shoes, fought adversity and won. You have passed the test of life with flying colors, and stand confidently, looking one in the eye and saying ‘I know.’ We hope you can stay with ETR for many more years, building successful careers along the way. Peace."
- Keith Mott
Westport , CT
[Ed. Note: How has reading ETR helped you - maybe even changed your life? Send your comments to ReaderFeedback@gmail.com. Include your name and hometown... and we may print your e-mail in a future issue.]
Say Sayonara to Sloppy Marketing
By David Cross
Apple’s Mac Pro is a fantastic computer. It’s so well designed that it’s almost a work of art. Using it, I feel that every little detail has been taken care of. For instance, Apple has gone so far as to make sure the inside of the computer collects almost zero pet hair. Sounds silly, but my previous PC was so beleaguered by fur you could have knit a sweater with it.
Anyway, I regularly receive Apple’s product updates and had been looking forward to hearing about their latest project. But when I got the e-mail announcing it last week, I had no idea what they were saying to me! Somehow I’d received the Japanese version of the marketing message.
This should not have happened. Apple has my complete customer profile, so they know I don’t speak Japanese.
It’s become common for marketers to collect customer data beyond e-mail addresses – first and last names, mailing addresses, and (very important) information on what each customer buys from them. But if you take the time to collect this data, it behooves you to use it for follow-up marketing. It can help you give your customer exactly what he wants… which means you’ll be getting more of what you want: sales. Just don’t let it go to waste. If, for example, a customer bought your last three books, by all means send him an e-mail or postcard or letter about your latest blockbuster. And make sure you notify him every time you have a new product or report on the subjects you know he’s interested in.
Had Apple used the data they’d collected on me, I’d be in the English-speaking segment of their e-mail list. And I’d be reading their marketing message in English, not Japanese.
[Ed. Note: David Cross is Senior Internet Consultant to Agora Inc. in Baltimore . You can meet all your marketing goals - and achieve all your personal, social, financial, and business dreams - with the help of ETR's Total Success Achievement Program. Learn more by clicking here.]
Does Feeling Good Make You Exercise?
It’s been established that exercise can enhance your mood. But does being in a good mood increase the likelihood that you’ll exercise in the first place?
Researchers at Bowling Green University designed a study to answer that question. Thirty-six obese participants in a behavioral weight-loss program recorded their morning, evening, and pre- and post-exercise moods. They also recorded the type, duration, and intensity of their exercise. The findings were clear. People who recorded better moods in the morning were more likely to exercise that day.
If you find yourself feeling positive in the morning, grab the opportunity to exercise right then. It’ll make you feel better for the rest of the day. And while you’re at it, up the intensity – even if just for 15 seconds every couple of minutes. The researchers found that those who exercised more frequently and at greater intensity had the greatest increases in mood. The highest mood ratings came from those participants who exercised the longest and at the highest intensities.
[Ed. Note: Dr. Jonny Bowden is a nationally known expert on weight loss, nutrition, and health. He's the author of the new book The Most Effective Natural Cures on Earth . For more information, go to www.jonnybowden.com. To read more of his articles on healthy living in ETR's natural health e-letter, click here.]
It’s Good to Know: Online Video Tutorials
There are thousands of free video tutorials that teach home-improvement skills, cooking, computer programs, foreign languages, exercise methods, magic tricks, and much, much more. Best of all, you can pause the action and watch these step-by-step guides as many times as you need to. Here are some sites to investigate:
- instructables.com
- tricklife.com
- expertvillage.com
- ehow.com
(Source: Lifehacker)
How I Went from Working in the Sub- Sub-Basement of a Bank in Minneapolis … to Living on a Small Island in Maine in the House of My Dreams!
Money in the bank, the house you’ve always wanted, and the freedom to enjoy it all.
That is the “American Dream”!
Can you still achieve it?
Absolutely… The best way left for you to achieve that dream is by starting your own business.
But how do you get started? What do you do?
We hear questions like these daily. So here is what we did. We’ve done all the hard work for you.
We’ve researched hundreds of the best businesses out there and we report on only the best. The ones that make real money and are the easiest to start.
We’ve done all the hard work. All you have to do is connect the dots. Ask yourself what you like to do and how much money you want to make.
It couldn’t be any easier. Click here to read on…
- Patrick Coffey
Word to the Wise: Retrench
To "retrench" (rih-TRENCH) is to cut down, reduce, or omit. It is from an obsolete French word for "to cut."
Example (as I used it today): " By the end of the first semester, I had the reputation of being an A student. Throughout the rest of my college and graduate school career, I never retrenched."
[Ed. Note: Become a more persuasive writer and speaker ... build your self-confidence and intellect ... increase your attractiveness to others ... just by spending 10 VERY enjoyable minutes a day with ETR's new Words to the Wise CD Library.]
Michael Masterson
Copyright ETR, LLC, 2008
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