While we all know about stocks and bonds and such, have you ever thought about doing what the big boys do? You know, where you buy out whole companies or enough of one to make a difference?

I want to go over a type of investing that many investors overlook and that is investing in small, privately owned companies or even startups. These can be anything from Websites, to your local niche retailer that is doing well who wants to open another location, to the guy down the street with the next latest and greatest invention.

In the new book, ” Get Rich, Stay Rich, Pass it On: The Wealth -Accumulation Secrets of Amercia’s Richest Families ” by Catherine McBreen and George Walper jr. they suggest that you invest up to 25% of your portfolio in enterprises that that develop products and services or invent break through technologies. (more…)

The only function of economic forecasting is to make astrology look respectable.
- John Kenneth Galbraith

You have to love it.

I would guess that most of you have heard of Private Mortgage Lending or PML, but unless you are involved in it, I am willing to bet that you did not realize how large of a market that it has become, nor just how lucrative it is for the players involved in it.

While this is a hidden underground market, it is estimated that it is in the hundreds of billions of dollars. It is big enough that the intrepid Billionaire Richard Branson of Virgin fame just started a company to service it. Think there is no money in it? I will have a more detailed story on that shortly. (more…)

We now have 60 Minutes talking about the Housing Bust, and Newsweek talking about the “Recession”. Historically whenever these two media outlets take note of something involving the Economy, they are always the last ones to the party.

So, this must could mean the bottom of both markets. Don’t quote me on this, but I think that at least Newsweek said the equities would never recover back in 1979. Don’t you wish that you had bought then?

I also think that 60 Minutes is usually about a year or so behind the 8 Ball. In September of 2000, CBS news had a stunning revelation that that Real Estate prices are determined by location.

With scintillating indicators like these, who needs to look at data or charts?

So, I live a somewhat sheltered life in a certain sense but I recently just heard my all time favorite definition of RICH by Robert Shemin. It is this

“Residual Income Creates Happiness”

No truer words have been spoken for sure. Do you have residual income?

If not, I will be showing you some novel ways of getting some.