The Simplest Path to Wealth: Turn $50,000 into $3.3 Million

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The Simplest Path to Wealth: Turn $50,000 into $3.3 Million

***IF YOU ARE WORRIED ABOUT A STOCK MARKET CRASH, YOU MUST READ THIS BOOK***UPDATED*** Includes information on how the new tax reform bill signed into law as The Tax Cuts and Jobs Act of 2017 ("TCJA") Public Law 115-97 affects the investment strategy in this book.*************************************************************************************On one of his shows in the early eighties, right after his usual, â€œWelcome my friends, welcome to my worldâ€ intro, Bruce Williams, a popular talk show host of that era went right into the news of the day. I can remember as if it were yesterday, he said, â€œIn todayâ€™s financial news, you can now buy a non-callable 30 year T-bond (30 year treasury bond) with a guaranteed interest rate of 14.5%. Imagine my friends, if you invest your $50,000 today you will have $2.5 million in 30 years. You donâ€™t have to invest in anything else. You donâ€™t have to buy gold, real estate or do anything fancy.â€ I did not follow the advice, not because I did not have the cash (in fact my wife and I had close to $100,000 in the bank by that time) but because, 1) 30 years is such a long time and at that age retirement was the furthest thing from my mind, 2) the advice simply sounded too good to be true. It sounded so incredible in its simplicity, it cannot possibly work, so I thought. There must be a catch somewhere. So I cast it off as satire or hyperbole from a talk show host always on the look-out for ratings. How wrong I was!!! Imagine my friends, had I followed this sound advice from a talk show host, with little risk, my $100,000 would have grown to $5 million in 30 years. I could have retired in my fifties, in pursuit of Marlin on my own 40-foot fishing boat off Cabo San Lucas. Instead, I squandered a big chunk of my money pursuing riskier, more exotic investments. Though 14.5% treasuries are just now relics of bygone days along with The Wonder Years, Growing Pains and Happy Days, you can still turn $50,000 into $3.3 million by following the simple investment strategy in this book. You will not make the same mistake I made.***********************************************Fundamentally, there is nothing wrong with the investment strategy of many financial experts to â€œbuy, hold and stay the courseâ€, come hell or high water, but I believe that the component Iâ€™ve added to this strategy of getting out of stocks to escape the bear market that follows a recession will not add much stress and anxiety to your life.
Country USA
Brand Independently Published
Manufacturer Independently published
Binding Paperback
UnitCount 1
EANs 9781976994012
ReleaseDate 0000-00-00

Country	USA
Brand	Independently Published
Manufacturer	Independently published
Binding	Paperback
UnitCount	1
EANs	9781976994012
ReleaseDate	0000-00-00

The Simplest Path to Wealth: Turn $50,000 into $3.3 Million

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