What's Stopping You Today?

I ask myself this question every time I feel stuck at internet businesses or investments.

This is as much a message to myself as it is a posting of my thoughts on what it takes to get moving in this business.

Like everyone else who holds a decent day job, the inertia in getting moving on Internet businesses is extremely great. Add to that the amount of time spent looking through biz opps in your inbox. If this sounds like you, you're definitely not alone.

FOCUS - Follow One Course Until Successful
I read this in Robert and Donald's book (See previous post below) and while its not something new to me, it did strike me too. So often I am distracted by the next money making opportunity that I am lost with the existing one.

So today, I'm gonna resolve to complete one thing at a time.


The other thing I learnt about internet marketing and internet businesses, is that interest is extremely important. My interest is in personal finance and financial freedom, so I can keep on writing about different topics that relate to me. But try doing that for a topic you ain't interested in, and the quality of any site you're creating just crashes through.

So here we go, into the weekend - hoping that I get something created and built by the end of Sunday. It's time for me to focus and DO something instead of just reading about it. Perhaps its time you did the same?


Have a productive weekend!

What 2 Experts Say About Wealth

Donald Trump and Robert Kiyosaki writing a book together? It has happened!
While already having a fair idea of what Robert would be writing about, I was intrigued to try to figure out what the Donald has to say about wealthbuilding and personal finance.

Both talk about the state of the US Economy and how American society is increasingly polarizing - the gap between the haves and have-nots has increased and the middle class is progressively shrinking. The book discusses and provides motivation for the building of personal wealth to be prepared for the eventuality that the government would not be able to bail out the people who need its help the most.

Interesting style of writing, conceptually similar to Robert's earlier books.

Your Free Mall Online - Ready in No Time

This was great, and I spent all of the last 30 minutes setting it up.

Why??!!!

• A Free, Ready Made webpage is good to go instantly, a website with all your affiliate links built in and ready to sell.
• Internet building tools from quality sites like aweber and wordtracker that every internet marketer needs - promote them and earn instantly!
• No hosting! Everything's hosted for you, for Free!

Check out what CBDeluxe looks like, and tell me if your 20 minutes and zero dollars isn't worth it.
Once again, as I've always written in this blog - its free and you have absolutely nothing to lose!

Another quality post on asiawealthbuilder blog....

Is Thailand a Good Buy at this Time?

Here's an investment idea that came about recently in Asia. And a lesson I learnt about portfolio sizing.

On New Year's eve, several bombs went off in the Thai capital of Bangkok, leading to increased uncertainty in the political and economic situation. Following up from the Christmas-week about turn on foreign investments, this seemed like the ultimate "buy" situation. While one school of thought advocates buying when there's fighting in the streets (with P/Es being the cheapest of all Asian markets now), the other argues that fundamentals have changed (viz increased uncertainty in terms of capital flows, businesses suffering real losses).

With both camps having valid arguments, it becomes an issue of balancing the probabilities and understanding the risk involved. From my perspective, it does appear that the uncertainty is creating a good buying opportunity, as prices are depressed from their fundamental levels. However, this is conditional upon there not being a further disturbance or disruption, which could lead to more capital outflows and further price drops.

Which leads to the discussion of capital allocation. The dailywealth.com site that sends me a daily newsletter alluded to individual trades as a percentage of the entire portfolio, instead of how most retail investors talk about investments (5000 shares, 5000 dollars, etc.) The recommended size for any investment should be no more than 5% of the entire portfolio.

The answer to why this is so goes beyond the fact that institutions are limited to 4-5% of their portfolio on any one investment. Rather, the logic of the following analysis shows more intuitively why - at 4% of a portfolio, we can afford a drawdown of 25% of that investment before deciding that it is not going to go in the direction we originally intended. 25% of 4% is 1% of the entire portfolio. With a loss of 1% of the portfolio, we would definitely be able to live to fight another day, with little significant loss to the portfolio. Balance this with the returns of other components of the portfolio, and one realises the immediate intuitiveness of this.

So this one thing i learnt in the new year, to make money like a professional, one has to trade like a professional. Trade sizing is one important component.