Warren Buffett has an amazing stock market track record that is absolutely mind-boggling. Here's the
graph. Now, that's someone who "never loses money"!
If you invested $1,000 with Warren Buffett in 1956 (about $7,760 in
2008 dollars), you would have amassed $30 million at the end of 2007. As of Feb 2010, the fortune would be at about $25 million. Warren Buffett's 50 year results were phenomenal, and why he's one of the wealthiest men in the world, and deservedly so.
Warren Buffett: "
Rule#1 is never lose money. Rule#2 is never forget Rule#1."
The quote seems so impractical and ridiculous to most people. That's because there's something wrong with
their own approach and that is why the rules don't resonate with them!
If your approach and methods are correct, the rules should make sense to you. Whether you invest or trade, your account should steadily
increase with time, if your stock market approach indeed follows Rule#1.
So...if you are looking for help, seek those who have some sort of
stock market record, preferably public and third-party verified, that shows consistent increase
of returns over time.
You won't get personal or professional access to people like Warren Buffett or George Soros, but
there are a few financial bloggers out there you can seek advice from.
And then there's
my system that shows the way to make superior stock market returns in the long run as a trader or investor.
