Rudi’s View: How Not To Be Your Own Worst Enemy
I have been filmed throwing Zimbabwean dollar notes in the air during a live interview on television, and I did show up in an alien costume during ASX Investor Hour a few months ago, but on Thursday last week I really did something crazy. I used my presentation at the annual AIA investor conference in Sydney to present investors with an alternative to the high volatile, high risk situation in the share market: to participate without paying attention to the share price.
Huh? Say that again? Yes, indeed, on Thursday last week I proposed: how about we start buying stocks in the Australian share market, and we forget all about what happens to the share price.
Sounds like I am on the road to ruin, doesn't it? Or the asylum, for that matter.
Yet, I think those investors who can circumvent their present misconceptions about investing in the share market, and who can see the true value and merits of my approach, will do so much better than those who cannot. There is one condition, however: you have to have enough money to play this game. To put it simply: I am going to teach you how to turn your current capital into a double digit cash generator over a five year period. The trouble with this is that if you only have $1000 to spend, this will still only translate into a $100 annual return.
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