What Type of Investor Are You?

When you get your frugality down, you will have the edge on the competition. So are you a day trader who plays the market like the crap tables, going all in on a penny stock, the value investor like Buffett, a master manipulator like Soros or do you have a conservative style of the typical buy and holder? Whatever fancies your style, you need a strategy in order to invest.

If you were able to take the money you saved and make it work for you, that would be ideal. But, if you are started out doing it, the best thing to do is probably hold on to your job and invest conservatively at first, but as you make trades and investment deals, you need to be prepared to build up for the next big thing. I have been able to take this mindset and run with it. I would suggest saving up to ten grand (like me) and then get your feet wet in investing heavily. You can out forth small amounts of sweat equity or try to invest passively per paycheck. If you happen to make around 3-4K a month, I would suggest trying to build up contingency investments like a 401K or a Roth IRA in case if things go sour. I would say that most of your saving should go towards the next investment, but  conserve at least 50% of your cash for other investments.

If you are young, I would say that you should be prepared to fail first. I am not saying go out and totally lose your money, but be prepared to bounce back from losing. Losing is not a part of anyone's strategy, yet no one prepares to lose. Most people are usually wiped out of funding by their first venture or in less than three years. The way to counter loss is to have a nest egg. Who knows, you might not make a profit until the second or third year. That is usually the case for big box retailers. I am not saying stick it out if your losing because the only ones that can really do this is corporations like Wal-Mart or Costco.

Now if your in it to win it, remember one's personal investment style will not lead to success by merely mimicing the style of the gurus; you need to branch out and find your niche. While my style is value investing and buy and hold, it is still evolving. Who knows, it might switch to a growth stock, penny share strategy. I am finding my niche as well. And it will never be complacent with just stocks; I want to invest in other areas as well. So what type of investor am I? Probably 60% Buffett, 20% Vulture, 20% Dividend Investing. I will never truely know how one guru totally thinks, so why bother trying to emulate their success. I would rather become the guru by replicating success.

Beware of Aim Trust

This is one of the messages I received from another blogger. I was skeptical as usual and never take anything based on just face value. Although theoretically you could make that kind of money quickly, more than likely it's not likely unless it is something illicit, meaning illegal. Luckily no one ever has to worry about this poster ever again because I am about to debunk Aim Trust because obviously this/these blogger(s)  is/are affiliated with them. I have been approached by multiple "get rich quick schemes" which there will be more of these in this ailing economy. Now if they wanted to legitimately do something besides scam me they would have not left themselves be totally anonymous to me. It is just bad business to not introduce oneself. In case if you're wondering how I know this person is a scammer, feel free to go to the site and read the content. Looks like a bunch of testimonials directed at Aim Trust. Here is the post:




Hi!

You may probably be very curious to know how one can make real money on investments.
There is no need to invest much at first.
You may begin earning with a money that usually is spent
on daily food, that's 20-100 dollars.
I have been participating in one company's work for several years,
and I'm ready to share my secrets at my blog.
Please visit blog and send me private message to get the info.
P.S. I earn 1000-2000 per daily now.
http://theinvestblog.com/ [url=http://theinvestblog.com]Online Investment Blog[/url]



A good way to avoid scams outright is to type in the affiliates names into a search engine and see which keyword trends show up with their names. For example, if  I type in Wal-Mart the words associated with their departments show up along with the layoffs (which normally it wouldn't but I did a search on the layoff news) would appear. Another thing  is that a company that is looking to scam people focuses on getting "big gains" in a short time. And when its online it is usually under some euphemism like HYIP. What is all the HYPE about HYIP? This stands for High Yeild Investment Program. Sounds familiar? Remember Madoff and the boys on Wall Street? They took many a high profile client to the cleaners using a HYIP similar to this. No stock out there has ever had a continual upward arc on their graphs in profitability. Note: if there is a person that is boasting about earning 1,000-2,000 a day using only one affiliate, either they had some pheomenal luck or they are scammers. This is reeks of a scam if you know the laws of marketing and how to measure the success of online marketing.

Here are a few simple steps to find out if Aim Trust is "legit".

 1. ) Go to www.whois.com and put their official website in their search engine and it is a "proxy".

 2.)  There is this insistent need to include Aim Trust in every other sentence. No true investor would  be earning money from using  just one source of income. That is just dangerous. Depending on just one source of income is like depending on a job. For example: I work, sell used stuff at home, invest in stocks and I have gone through a real estate deal years back with gives me a small amount of income for a "finder's fee". I am about to invest in more stocks this year along with opening up a Roth IRA in a few months. No true investor, and I mean no true investor has all of his money coming from one source which it advocates on the site. This is risky and you should not invest in that way. At the same time you should not diversify too much and buy 30-40 different stocks. Most successful stock analysts usually recommend only a few stocks which have nothing to do with mutual funds although there are some who do like them. I am not one of them, but I will say that they are more legit than anything Aim Trust will try to sell you.


3.) Since the website is so good at SEO optimizing their branding Aim Trust. I  thought I would "help" them out by doing some of my own. Aim Trust is a scam. Aim Trust has random people trying to spam my blog. Aim Trust and all the lackeys under it are probably scammers too. If you invest with Aim Trust you will get taken to the cleaners. If you want a High Yeild program besides Aim Trust, it will take some serious research. Aim Trust can only offer you promises which they cannot keep. I have yet to meet an investor near the level of George Soros, Warren Buffett, and Andrew Yanyi give high praise about Aim Trust. Aim Trust is a power level scheme corporation who leaves their identity a secret. You cannot get accurate numbers on Aim Trust's  research. You can only get scammed by Aim Trust. Aim Trust only wants to see you become broke. Aim Trust is like a magical unicorn out in the forest which people chase after. So elusive yet it must be real...not!

I think I am driving home the point about Aim Trust so I will conclude here. If you have stories about being scammed by companies similar to this, I would  love to hear from you. Real comments are appreciated.