So you want to invest.......

Im gonna focus this week on the basics of investing money. This opens up the mother of all cans of worms. In the old days,you picked a stock, saw the recommendations of either buy,sell or hold and then followed that in your purchase decisions. Then came Sept 2008 and all hell broke loose. The broken system was revealed for what it really was....GARBAGE. I believe in Warren Buffets belief of find a company you like,preferably AMERICAN,do your due diligence and buy with only money you can afford to lose. What I mean by that is dont invest the rent or grocery money hoping to make it grow. 7 out of 10 stock plays lose. What I try to do is limit my losses to an acceptable loss percentage (20% in my book), and set a realistic gain percentage (30%) and stick to them. In the day of pump and dump hype plays it is very easy to get wrapped up in the hype and start dreaming of huge gains. Ill take 30% on my money every day and dance a jig all the way to the bank. As I write this week I will highlight my processes of finding stocks to invest in and how I determine my entry and exit prices as well as what times I buy and sell. Remember.... If it sounds too good to be true it for sure is.....