 |
|||||||||||||||||||||||||||||||||
"Invest in a business that an idiot can run, because sooner or later, an idiot is probably going to run it." Smart and funny, too. That's our kind of guy! If you follow that advice, you will likely do very well with your investments. But to really help you jump-start your portfolio as we begin 2008, we have several other strategies to share with you! We've put them together in our brand-new video. Click here to watch it now and discover what investments we think are most worth considering right now, and one in particular you should stay away from.
Almost makes you want to stuff your money under the mattress and forget about it, doesn't it? One word of advice: Don't! In the midst of all this financial turmoil, you can have a successful and profitable 2008, and not develop ulcers along the way. Be sure to read for our road map to success. You'll get our outlook and advice on 5 key issues you need to know about for 2008.
It had a lousy year in 2007, dropping about 13% relative to the euro. Tell us about it. We took a trip to Italy over the summer and, man, was everything expensive! Hey, Dolans, you may say, I'm not going to Europe anytime soon, so why should I care? Fair question. Actually, you should care. All of us are affected by the lousy state of the dollar. Ah, but here's the good news: It's not as bad as it sounds. Does that sound confusing? It can be, so let us make sense of it all for you. Learn how a weak dollar affects you and get our 4 strategies to protect your portfolio while boosting your profits.
Before you buy any stock, always check how the price-to-earnings (P/E) ratio compares with other stocks of companies in the same industry. (You can find the P/E listed in just about any standard online quote page.) If the P/E is much higher than the market or industry average, then the company has to either grow like gangbusters to live up to Wall Street's expectations...or somebody's been messing with the books! A healthy respect for P/E ratios can save you a lot of time and losses. The average market P/E ratio is 15 to 25, but it can be higher or lower depending on the industry, so that's why you need to look at both. Large-cap stocks have lower P/Es; aggressive-growth small-caps have higher P/Es. And when a stock suddenly gets "discovered" by Wall Street, the P/E will rise. Make that your cue to consider selling and locking in the profits! Let the pros spend all of their time analyzing all of those stats and charts. Don't be surprised if you fare better than the professional soothsayers do in 2008! (For more on investing, be sure to visit our Invest Wisely section at Dolans.com.) Sincerely,
P.S. We are so excited about our brand-new webinar that we just can't wait any longer to share it with you! It's called 7 Steps to Financial Freedom, and it's hot off the press. You'll be hearing a lot more about it very soon, but we wanted to invite a few of our friends – like you! – to enjoy a special sneak preview before we make it available to everyone. You'll learn how to save more, the best way to tackle debt, the 5 keys to successful investing and much more! Take your first step toward financial freedom by signing up today—just click here. |
