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1994-01-01
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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 - 1994, WILLIAM W. ODLUM.
LIFETIME WEALTH MANAGEMENT Software copyright(c) 1992 - 1994, WM. 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.
Initially it took a while to devise a winning strategy and from then on I
have spent only 2 hours a month on my investments. By investing a small
percentage of my salary each year, within a few years I had accumulated
enough money to give me an Income/Growth amount each year that was greater
than my salary.
Apart from the financial freedom of not having to work for a living,
I have been able to pursue all the personal interests that are important
to me.
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, well educated with good jobs, living in
the richest society on earth.
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 do not seem to understand that if their investment is not at least
doubling every four years that indirectly they have lost and will
continue to lose the potential compounded gains from the money invested.
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.
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 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 1990-93 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 one
hears during every turndown.
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.
Now that the cold war is over, 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.
The American and Canadian Stock Market Index are at the highest point
in history because of incredible amounts of money moving out of bonds and
into Stocks and Mutual Funds. (This is the latest fad with a lot of money
to be made, in the next few years, by the astute and lost by the
gullible).
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.
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.