Make Money on the Internet

I found a great book by Jeff Walker, internet millionaire.  He writes from experience. He provides a lot of value on making money on the internet. The book is called  “Launch.”

Zero to Six Figures in Seven Days

Chapter 1 tells about Jeff going from nothing (no income) to six figures in seven days. Wow!

He was desperate to make a change in his life. His wife was working long hours to support the family whle Jeff stayed home to take care of the kids. He had been working a long time about seven years to make a change. Finally one single click of the mouse changes his life forever. He sent one email, less than 50 words, to his subscribers to an email newsletter.

About 59 seconds after his mouse click he got his first sale.By the end of the week he had made over $34,000 –almost as much as he had ever made in a whole year at the corporate job he left

What he learned that day not only changed his family’s life but the lives of thousands of other people’s lives too.

He had started a business that made profits right off the bat. But he empasizes his is NOT a “get rich quick” book.

but Jeff says” The reality is this: The internet has completely changed the game for anyone who wants to have their own business. It’s now easier, faster, and cheaper to start and run a business than at any time in history.”

Later, Jeff actually made $106,000 in seven days.  His system of product launches was still working–and very well.

A Million Dollar Day

He went to a seminar in Dallas in 2003. There he met some people who are his friends to this day. He also discovered that not everyone was doing what he was doing.  No body was doing product lauches the way he was doing them.

He helped a friend use his system and he made a million dollars in one day. After that friend thanked him for his help publicly,. others began to ask him for his help.  He started a whole new business showing others how to do product launches the way he was doing them. He developed a Product Launch Formula traning course. His launch for that brought in over $600,000 in a week.

Wouldn’t you like to know more about this system? Would you like to know how you could use it, too.?

 Please send a comment if you want to know more.

Ken Roberts: The Best Ways To Invest Money

This is where I want to talk about the best ways to invest money..  Specifically I want to talk about what I learned from Ken Roberts a $50 million dollar man  several years ago. He may be worth much more now.

World’s Most Powerful Money Manual

Ken Roberts wrote a powerful money manual 20 years ago (?). It was about commodity investing. I tried it for a short time.  Commodity markets move very fast. You can make money fast. You can also lose it fast.  Most people lose money.

My experience was that I used one particular strategy. That was to trade only the narrow sideways channel.  This is when a commodity has traded in a very narrow range for a long time. I set it up with a broker that I would buy at a certain price ( a breakout) out side of the narrow range.  I traded sugar first. It worked beautifully. I had a profit of $800 within 3 days.

The problem was I did not take my profits then. I waited and the profits disappeared.  My strategy worked but my inexperience and a little greed caused me to make a mistake by waiting.

My advice  based on my own experience is:

1.Don’t try this unless your tolerance for risk is high.

2. Don’t try this unless you can do your investing any time the markets are open. If you have a full time job you don’t have time for this.

3. My advice is the same for trading options. This is less risky than trading futures, but it still moves too fast for me.

4. Don’t invest money you can’t afford to lose.

5. Subscribe to a service that guides you in what to buy, and when to buy or sell.

I bought some books by Chuck Hughes world champion investor 7 years in a row. His people advised me not to do the options investing since I was still working. There was not time to watch closely as neceassary.

How to Always Make Money

Ken taught me that there is a way to always make money in inesting.  That way is to always be in stocks, bonds and gold. At leaset one of those is going UP all the time. This is very important information.

When the economy is good stocks go up.  When there is recession bonds go up.  If there is a crisis or high inflation gold will go up.

Advantages of Mutual Fund Investing

1. it gives you automatic diversification. You might be invested in a hundred companies instead of one or two. This reduces the risk if something unfortunate happens to one company.  You can’t lose everything.  You will be protected from disaster.

2. You can own a small piece of the best companies in America.

3. You do not have to watch closely the daily movements of your stocks etc.

4. You can invest a little at a time.  That way you will not be hurt as much by a sudden drop in the value of your stocks, bonds, or gold.

Dollar Cost Averaging

Dollar Cost averaging is where you buy stocks at as little as $50 per month every month. Dollar cost averaging has the advantage of allowing you to buy at a lower than average cost. I will demontrate that ihere.

In this example you invest $1000 each month for 4 months.

                 Price             Shares        Total

Jan 1          $20              50            $1,000  

Feb 1          $15              66.66       $1,000

Mar 1          $10             100           $1,000

Apr. 1           $18             55.55        $1,000

The total number of shares bought is 272.21. You have spent $4.000 total. But at $18 a share your holdings are worth $4,900. So you show a profit of $900 even though the price is lower than the price you started with. Yahoo! This is exciting , right?

Dollar Value Averaging

Dollar value averaging is where you invest a fixed amount of value every month.  This also has the advantage of investing at a lower than avarage cost but it goes one step better. 

So suppose you are investing $1,000 in value every month. So when the value goes uo one month you will invest less so that you reach yout target value without going over.. Here is an illustration.

Suppose you want to have $7,000 at the end of the year.  That means you are adding $583 in value every month. If it goes down to $400 you will have to add $766.  That is $583 plus $183 to bring the past months up tp to $583.

If the value goes up the next month to $766 then you will only add $400.

The advantage of this is that you are buying at lower cost AND you are buying more when the cost is lower.

  It is not as simple as dollar cost averaging.  You also may run out of money to invest if there is a long drawn out downturn. 

Summary and Conclusion

My favorite strategy is dollar cost averaging. The benefit is buying at lower cost. The other big benefit is the simplicity. The is the best option for most people.

Dollar value averaging is my second favorite strategy.  It helps buy at even lower cost than DCA and it helps you buy more at lower cost. This is the second best strategy for most people.

What is your favorite strategy? Have you used any of these? What kind of results did you get? Was this helpful?

Please comment below. I will answer as soon as possible. Thanks.