Mad Money Machine

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When investing fails, make money juggling

Put this one on my list of next possible obsessions: Taking up juggling.

Chris Bliss: Must-See Finale juggling to the Beatles shows what you can accomplish with hours and hours and hours of practice.

How much time have you practiced selecting the right investments? Practice could make the difference between 8% and 7%.

You can hear it now, My name is Paul… and I was a juggler.

Thanks b.m. for the link.

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Fri, March 10 2006 » Uncategorized

6 Responses

  1. hotsauselover March 10 2006 @ 10:12 pm

    If I’d pay a proffesional to do my taxes shoudn’t I pay a proffesional to do my investing?

  2. Paul Douglas Boyer March 10 2006 @ 11:13 pm

    Yes!

    I’d say that only a small percentage of people actually ENJOY doing their own investing. DIfferent strokes for different folks, yes, but I would like to see more people have the interest and knowledge themselves. But for those that aren’t interested, professional help is a must.

    The book The Number by Lee Eisenberg has a section on how it is sometimes difficult to find a qualified investment professional that you can trust.

    A professional may not be able to get you any more return that you’d get yourself with just a few hours a month of tweaking. Can they beat the ETF portfolio, for example?

    BTW: I do my taxes myself, even though I HATE it!

    pdb

  3. forgo March 11 2006 @ 12:03 am

    When I saw “The Number” link on the right and again a mention of a book called “The Number” keeps reminding me of a book I heard about am now reading called The Number by Alex Berenson, which is about how the obsession with quarterly earnings has messed up the market.

    Is The Number by Lee Eisenberg a good read? The Amazon reviews didn’t love it too much.

  4. forgo March 11 2006 @ 12:09 am

    So, I tried to click that link, but got: “This video does not worked when linked to directly.”

  5. Paul Douglas Boyer March 11 2006 @ 1:55 am

    OH my gosh, you’re right, the video doesn’t work!

    I had received the link in an email, and saved the email out to an html document on a shared drive so I could open it on another computer. I opened the html document and clicked the link and it worked. And it still does. Humph! But you’re right, it doesn’t work from this page.

    Try clicking this link.

    update: it should get you there now… lemme know. How did you like it?

  6. Paul Douglas Boyer March 11 2006 @ 2:07 am

    Regarding The Number as a good read… For me this was a case of stroking my pre-conceived notions: That nobody is paying attention to their financial future and lots of folks are going to be in for a BIG SHOCK if they ever sit down and calculate how much money they will need to support themselves for the rest of their lives.

    The book talks about how different people need different amounts of money. That some people are content with little to no money. Others retire to the desert on ample amounts. How life is more about your attitude toward it than about how much money you have.

    As with most things, if you don’t have any great expectations about the book, you’ll be pleasantly surprised that it is OK. Bottom line: at least it gets you thinking. If you already are thinking, then read “Unconventional Success” by David Swensen instead for a more in-depth discussion of how to invest.

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