quick choices

Nelson's hatred of conventional structure made him difficult to educate. Bored and disgusted by school, he once plotted to stab his seventh-grade teacher with a sharpened screwdriver, but lost his nerve at the last minute and instead walked out of the classroom, never to return. On his long walk home, he came up with the four maxims that have guided his life: most people are fools, most authority is malignant, God does not exist, and everything is wrong. Nelson loves these maxims and repeats them often. They lead him to sympathize, in every discussion, with the rejected idea and the discounted
option.

Consider having your mad money in a taxable account instead of in your IRA. That way, if the stock goes down, you can at least take a capital loss deduction. However, there is no substitute for study, both of the macroeconomic environment and of the businesses that you own.

Hi JD,

Another great investment are REIT’s.

Real Estate Investment Trust

Basically, funds that invest the majority of their money in real estate. You can even get into specific niches (ie. self-storage real estate)

Stephen Martile

Personal Development Made Simple

www.stephenmartile.com

Intelligent Investor: A Book of Practical Counsel (revised edition)

This book is now nearly 60 years old and is still hands-down the best book on investing that has ever been written. Don’t take my word for it - the great Warren Buffet himself said so.

Get to your local library asap!

P.S: JD have you reviewed this book yet? If not, I’d love to see one!