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GETRICH.WWO
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1993-06-15
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Table of Contents.
A...Copyright.
B...Getting Started.
C...Track Record.
D...Hazards.
E...What the future holds.
F...Conclusion.
S...Start of Document.
Type letter for information on that subject.
Use PgDn or Scroll Bar to view all.
WEALTH MANAGEMENT SYSTEM
Investing made simple
by WILLIAM W. ODLUM
Suite 105, 35 Ormskirk Avenue
Toronto, Ontario, M6S 1A8
This Document Copyright(c) 1992 - 1993, WILLIAM W. ODLUM.
WEALTH MANAGEMENT SYSTEM 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. 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 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 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.
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 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.
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 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 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 where 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 changes in our lives and with it more
jobs and prosperity.
Biotechnology, Environment Pollution Control, Alternative Energy Sources,
Space based Communications Systems, Fibre 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 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 three, Intel, 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 the Communists totally
discredited and their form of government out of power all over the world
and 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 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.
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 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 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.