Current Shareware 1994 January/SHAR194.ISO/finance/talkmony.zip/GETRICHD.WWO

Text File | 1993-08-16 | 11KB | 238 lines

                        LIFETIME WEALTH MANAGEMENT

               Investing made simple, effective and worry free

                          by WILLIAM W. ODLUM

                        105, 35 Ormskirk Avenue

                       Toronto, Ontario, M6S 1A8

 This Document Copyright(c) 1992 - 1993, WILLIAM W. ODLUM.

 LIFETIME WEALTH MANAGEMENT Software copyright(c) 1992 - 1993,
 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.

                             GETTING STARTED.

 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 - shows 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, worry free, 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 26 countries over the years.

 Not to brag but to give you the facts. I came to North America 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 10 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.
 With no savings they depend on Unemployment or Welfare benefits to give
 them the bare necessities to live.

 What happened to these people, living in the richest society on earth and
 well educated with good jobs and all the trappings of success, own home,
 car, exotic vacations and membership in a good country club.

 They put their faith in their companies to provide a pension plan and a
 well paying job for their future working life. They did not realize that
 in today's world a person will be in and out of many jobs and face career
 changes during their working life.

 They did not take care of their own financial future by setting aside a
 small percentage of their earnings, while working, to cushion the
 inevitable layoffs and awful trauma of losing everything they have worked
 for due to lack of a paycheck.

 However, it is never too late to start saving to build a secure,
 independent financial future, dependent on neither companies or
 governments.

 Many, to whom I have spoken, that do make the effort to save for that
 future, 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. Financial Institutions that do have a
 record are disastrous. As a result they end up wasting their money on
 commissions and lose compound growth by investing in the wrong areas at
 the wrong time.

 They tell me of an investment they bought and have held for years and as
 the price is a few percentage points greater, 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.

 Real Estate is an example of mindless speculation. When the boom in
 prices started due to a shortage of housing 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 centre 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 and with the building industry producing a surplus of homes
 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 madness was not due to ignorant individuals but to Financial
 Institutions whose greed overcame common sense as they loaned greater and
 greater amounts on property from which the income fell far short of the
 loan repayments.

 The resulting crash wiped out Savings and Loan, Trust, Bank, Real Estate
 and Construction companies leading to the worst unemployment since the
 1930's.

 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.

 I believe that the recession of 1990-92 is 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 what they were a few years 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 change in our lives and with it more
 jobs and prosperity.

 Biotechnology, Environment Pollution Control, Alternative Energy Sources,
 Space based Communications Systems, Fiber Optics and Health Care are
 just some of the many areas that will bring about great change and growth.

 The problem is to pick the winners. In the eighty's we had hundreds of
 companies created 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 three, Intel, Apple and Microsoft,
 which made their founders and shareholders extremely wealthy in the last
 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
 highly educated citizens, with over half of the world's Scientists and
 Engineers.

 While third world labor may assemble goods more cheaply than we, I can't
 see them compete with those unraveling the secrets of the Atom or DNA
 from which future technology and jobs are going to come.

 We have won the cold war. The Communist form of government is being
 replaced by our free market 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, communications systems,
 agricultural equipment, etc., at a very basic level. At a personal level
 all kinds of consumer goods will be required.

 We have the technical expertise, resources and the ability to fill those
 needs and we will to be called upon to do so.

 Another great bonus is that our brightest people, who have been working
 at the leading edge of technology for decades to keep us militarily
 strong, only to have their inventions and discoveries copied and used by
 the Asians in consumer electronic products, will now be free to devote
 their genius to the design and production of advanced consumer products
 and services.

 The latest figures show that Retail sales, Factory orders and Corporate
 profits are moving up while unemployment is coming down.

 Are you fully invested ?, I am.

                               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 are full
 of jargon, with no specific recommendations and 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 be a winner and free
 of nasty bosses, income-stopping layoffs and future job uncertainty and
 to be able to retire early, live in luxury and be financially independent.

 If so, fill in the order form in About... and I will send you the latest
 Commercial version of the program with the complete 'How to get Rich
 and Stay Rich' document which shows the way to successful investing.



                                      End.