Time to own your primary residence.

With government being more and more aggressive in helping the economy from entering recession, fed rate has take a big cut again. I just check the interest rate for 30 yr fixed mortgage, the graph shows we're back to the 2005 level in terms of interest rate. This is lowest in the past 2 years. This is certainly a good news for home buyer NOW. If you have been waiting and thinking to own your primary residence, give it a serious thought NOW. With more inventory on the market, and interest rate being lower, it's definitely a great buyer market to own your primary residence.

Listen to the TREND, don't listen to your FRIEND

Do you remember when you first become interested in investing, who do you go to talk to to get advice? I bet most of us talk to the people around us, our friends. Friends will tell us a lot of opinion on the market. These are some common words we hear from our friend's mouth


"This is a great stock, look at it, 10% jump in price in few hours"


"This is a great time to buy, it just drop 20% over last few days"


"It can't go any lower"


"It can't continue to go up and up"


You know what I mean. Friend give a lot of judgement and it's dangerous if we listen to them. Especially when you first start out and you don't know any better. I remember, some of the terrible stock investment I ever have is because I listen to a friend who sounds a lot smarter than me. I follow my friend's "advice" and my money get burned out quickly. Instead, if we''re determined to become a serious investor and make a fortune, we should get our education in the right way. We have to study the market, it it moving up, down or side way, how it does in the past, what kind of pattern can you recognize, beside the price, what other data you should look at to increase your confidence level, etc? Listen to the trend you identity and follow it to capture your profit. If you make a wrong move, at least you learn something along the process and next time you know the mistake and you can learn to avoid it.

Advantage :partner with others to build wealth

After a day of hardworking 9 to 5, I know you must be getting tired to do anything else other than go home, relax and sleep. But as you probably should know by now, that 's not the way to build wealth. Sometimes, we're just tired, lazy, and lack of self-motivation. In fact, it's quite hard to do it alone. That's reason I suggest partnering with others. Find people who has similar desire as you to get ahead financially. Form a meeting with them on a regular basis, it can be every week or every other week. During the meeting, discuss what some thought you have about business, investing for long time but haven't done much activity. Your partner should share his or her thoughts with you. After every meeting, list out Action Items that need to be done by the next meeting. Then, consider the possibility partnering with them to do things you have thought about doing. There are many advantages of forming partner than working it out alone:
1) Action items are like your homework. You should get it done or your partner will be disappointed you don't do your assignment. In other words, you're accountable. You will be more motivated than if no one hold you accountable.
2) Two people will have more thought, ideas, creativity than one
3) If one of you is busy in some time because of job, the other partner should help so things are moving forward
4) Your idea, thinking, are checked and validated by your partners so your chance of getting it right should be higher than if you do it alone.
I 'm starting to partnering with few of my acquaintance this year to work on some investment together. It's exciting to meet and work with people who has similar desire like I do to build wealth. If you haven't done so, I suggest you look for people in your network and start meeting with them regularly to get things going and rolling. Good luck in year 2008.

Mr warren buffett's wisdom on investing

I've been reading a lot of book about how the greatest investor all time think and his philosophy on investing. It's really a great learning experience and I enjoy it so much. He has great vision and patient in stock game. One of the greatest lesson I learn from him and I think this will change my way of investing forever is followed " When everyone fears, you should be greedy. When everyone greedy, you should fear" This is powerful and straight to the point. Basically, Mr buffet always buy stock and invest when no one else does. People will laugh at him of buying stock which is out of favorite by most people. In other words, he wait for a crash of a paticular stock and he buys with both hands when price is selling at discount. He believes the stock's price is priced below its intrstic value and it's just a matter of time when others realize the value of the stock and start buying, and hence, price rise again. He is very patient, sometimes, he will hold on a stock for as long as five years to wait for the price become over value. Then he sells his holding to everyone who buy near or at the peak. He is a truly buy-and-hold master. I will combine his thinking into my stock selection system. The couple stock I've been watching are stock related to financial, real estate and home builder.