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GETRICH.WWO
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1992-10-08
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WEALTH MANAGEMENT SYSTEM
Investing made simple
by WILLIAM W. ODLUM
Suite 105, 35 Ormskirk Avenue
Toronto, Ontario, M6S 1A8
This Document Copyright (c) 1992 WILLIAM W. ODLUM
Wealth Management System Software copyright (c) 1992 WILLIAM W. ODLUM
All rights reserved.
Non-registered users are granted a limited license to use the above
mentioned software and document on a trial basis. Use, except for this
limited purpose, requires registration.
Use of non-registered copies by any person, business or agency is strictly
prohibited.
No user may modify either the document or software in any way whatsoever.
HOW TO SAVE. HOW, WHERE AND WHEN TO INVEST FOR GREATEST PROFIT.
Since this is an unregistered copy, I am not going to share with you
the secrets of successful investing until you register.
'How to Get Rich and Stay Rich' consists of easy to read and understand
investment advice. Shows step by step how to set your financial goal and
set up a savings plan. Where and when to Invest your Savings for the
greatest gain consistent with safety of Capital.
Track Record
I can tell you that the simple Investment strategies I will share with
you have worked for me. They enabled me to accumulate enough money in 25
years to retire and live in comfort. My wife and I enjoy traveling and
have visited over 26 countries over the years.
Not to brag but to give you the facts. I came to Canada at 24 years of
age with a grade 12 education and no skills. I realized that I would never
earn more than an average salary and wanting to enjoy all that life had to
offer I started to invest a small amount each year.
It took me a while to devise a winning strategy and from then on I spent
only 2 hours a month on my investments. Soon my annual income/growth from
investments was greater than my salary.
I retired at the age of 50, which was 9 years ago and have enjoyed myself
ever since and have not missed the stress, pressure and nonsense of the
work-a-day world!
Hazards
It saddens me to see people, young and old, out of work today through
downsizing, changing technology, or bankruptcy in the workplace.
They put their faith in their companies to provide a pension plan and a
job for the future. Instead of taking care of their own financial future.
However, it is never too late to start saving to build a secure,
independent financial future dependent on neither companies or governments.
Many investors I have spoken to seem doomed to repeat all the mistakes
of the beginning investor by trying to reinvent the wheel, as they will
not pay for sound advice and tools upon which they can continue to build.
They use free advice from friends, acquaintances and newspaper columnists
who have no proven track record. In doing so they end up wasting their
money on commissions and lost compound growth by investing in the wrong
areas at the wrong time.
They tell me of a stock they bought and have held for five years and
as the price is still the same, that they have not lost money on it.
They do not seem to understand that if their investment is not at least
doubling every five years that indirectly they have lost and will continue
to lose the potential compounded gains from the money invested.
I am always amazed by people who know the price of everything and the value
of nothing.
If a person suffers from a blocked artery they go to a qualified Medical
Doctor to have it corrected - not to a Plumber. Yet they will accept
advice from unqualified people when it comes to investing their hard
earned money or worse still, will put their saving in the hands unqualified
or incompetent financial advisors.
Real Estate is an example of mindless speculation. When the boom in prices
started there was a great deal of money to be made but then everyone got on
the bandwagon and instead of a home providing shelter it became a profit
center with annual gains almost as great as the homeowners take-home pay.
When the cost of owning a home reached 40% to 60% of the home buyers
annual salary it was obvious that people could not and would not pay these
prices and they crashed back to the traditional level of the cost of
shelter which is 25% to 30% of salary.
This was a prime example of the old adage "Be a Bull or a Bear but don't be
a Hog".
I have lived and prospered through all the fads. Gold from $200.00 to
$800.00 an ounce and back, Silver from $5.00 to $50.00 and back. Oil
$18.00 a barrel to $56.00 and back, Nickel, Cotton, Strip Plaza's, Office
buildings, Land, Retailing, Manufacturing and Junk Bonds the list goes on
and on.
However, while enormous sums of money were lost by many gullible investors,
it did not disappear. Some shrewd investors ended up with all of it.
(Money never disappears, it only changes owners!).
What the future holds.
As you probably know the Dow Jones Industrial Average increased in the
year 1991 by over 20%. Since this is an average, some stocks did not show
any gain while others did far better than 20%. Did you participate in
these gains?.
I believe that the recession of 1990-92 is almost over and the damage done
to our economy by the fastbuck artists during the nineteen eighty's is
behind us.
With costs under control we are entering a new phase of solid, sustainable
growth in the U.S.A and Canada that will be very rewarding to those who
get in at the start.
Interest rates are now less than half where they were a year ago and this
will show up on the bottom line for companies with a large debt load as the
savings in debt charges goes straight into the profit column.
Just as the Personal Computer changed the way the whole world does business
in the short period of 15 years, there are new technologies and products
coming out of North American research centers and laboratories which will
lead to even greater changes in our lives and with it more jobs and
prosperity.
Biotechnology is just one of many that will bring about great change and
growth.
The problem is to pick the winners. In the eighty's we had hundreds of
companies start up in the personal computer hardware and software fields.
Most fell by the wayside leaving only a dozen giants, but look at the
rewards of choosing winners. To name two, Apple and Microsoft, which made
their founders and shareholders extremely wealthy in about 12 years.
The founder of Microsoft has a personal wealth of 7 billion making him
the richest man in the world.
I'm told it cannot be done today because of high taxes and low wage
competition from third world countries, this is the same nonsense I have
heard during every turndown for the last 40 years. The U. S. A. has
the best educated citizens in the world, with over half of the world's
Scientists and Engineers.
While third world labor may assemble goods cheaper than we can, I can't
see them compete with those unraveling the secrets of the Atom or DNA
which is where future technology and jobs are going to come from.
Now that we have won the cold war and with Communists totally discredited
and their form of government out of power all over the world and being
replaced by our Democratic system, this opens up a huge export market for
us as the infrastructure of those countries is 60 years behind ours.
They need everything from modern roads, sewage plants, water treatment
plants, transportation systems, power systems, agricultural equipment,
etc., at a very basic level and at a personal level all kinds of consumer
goods.
We have the technical expertise, resources and the ability to fill those
needs and are going to be called upon to do so.
Conclusion
The programs in this package are all the tools you will ever need for
successful investing. Don't get carried away with programs that give fancy
charts and graphs, they only show what happened in the past and are an
unreliable indicator of the future when different forces are in play.
All these number crunching programs are great for setting goals and
measuring performance but to make them come true requires successful
investing of your money.
The key to successful investing is a strategy that consistently works in
the real world of commerce in spite of boom or recession. This is where
'How to Get Rich and Stay Rich' shows how and where to invest and most
important of all, how to accumulate capital while legally avoiding all
taxes.
Taxes which would have a devastating effect on capital growth.
Enough said. The choice is yours, do you want to retire early, live in
luxury and be financially independent.
If so send me $24.95 and I will send you the latest, fully working
revision of the programs and the complete 'How to get Rich and Stay Rich'
which shows the way to successful investing.
Ontario residents add PST and GST.
Your money will be refunded if you are not fully satisfied.
October 8, 1992
William W. Odlum
Suite 105, 35 Ormskirk Avenue
Toronto, Ontario
M6S 1A8
Wealth Management System comes in two versions. One runs under DOS and
the other under Windows 3.1.
When ordering please state which version you want.
End