Friday, December 08, 2006

Don't get swayed by the big bucks!

Do you know why a lot of people fail at a new business venture? They try to follow the crowds too much. Now, that isn’t necessarily a bad thing, because really, who wants to reinvent the wheel anyways? But that is not what I’m talking about anyways. I’m talking about the types of people who fall for the picture of big dollar signs.

Now, I’m pretty savvy when it comes to internet marketing, and such – and so I came across an article featuring the creator of a free online dating service, who rakes in roughly $10,000 A DAY through Google Adsense. Now, tell me, who many people looked at that cheque, and then went to a bunch of e-book websites to grab up “get rich quick” books?

Case in point: Don’t follow the dollar signs. He had a niche, you don’t. If you did, then do what he did.

Today, the markets are doing the exact same thing. The jobs number came out strong, and the markets are reacting favorably. Don’t just run out there and grab green-ticking stocks.

But what has the markets being doing for the last couple weeks? They have been fighting sideways trends, fighting against previous highs. Result: no direction.

Before you start plugging in your money into “get rich quick” stocks, be smart.

Did anyone notice that next week is expiration Friday for December options?

Where has this month gone?


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