Hi. The following is an offering from Rainer for the competition.Including lots of great quotes like this from Warren Buffet:

To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights or inside information.
What’s needed is a sound intellectual framework for making decisions and ability to keep EMOTIONS from corroding that framework.
WARREN BUFFET

or my personal favourite from Rainers article:

“If Karl, Instead of writing a lot about CAPITAL, had made a lot of CAPITAL, it would have been much better.”
KARL MARX’S Mother

Fellow Trader

The Two Basic Rules For Affluent Investors:
RULE # 1 – Avoid Mistakes
RULE # 2 – Don’t Forget Rule # 1

Investment Mistakes:

MISTAKE #1
Treating Investment Like A PART-TIME Job, Not A Business.

Which means you need to prepare a Business Plan, have good STRATEGY and a sound Money Management

Also keep in mind:

There is no “security” on earth, there is only “opportunity”! 

MISTAKE #2

NOT HAVING AN ASSET ALLOCATION STRATEGY

“One thousand Dollars Left to Earn Interest at 8% will grow to $43 Quadrillion in 400 Years, but the first 100 years are the hardest.”

” When a Man tells you that he got RICH through Hard work, ask him : WHO’S?”

A few days ago I this e-mail hit my INBOX!

Hi Rainer;

Jim H., one of my star students in the Mastermind Mentoring Program,
joined when I first launched back in November 4th of this year
(about 6 weeks ago), and it’s to my amazement how quickly he was
able to take everything I taught in this program and apply to his
own account… here are his exact words:

“…I was having mixed results and generally going nowhere. Within a
few weeks of reading the newsletters and taking the time to truly
understand how the pieces fit, my account tripled in size.

Always Keep in Mind:  BETTER GETTING RICH SLOWLY – BUT SURELY

“The safest way to double your money is to fold it over once and put it in your pocket.”

he also offers an e-book, for not less then XXX,00 somebody told me to run as fast as possible if you get a e-book offered for more money than an antique hard cover book would cost you, ASK YOURSELF: what can be so valuable you did not already read about?

If you don’t know the answer, you did not educate yourself enough to begin with! And to start with get all the fee stuff first! Can this be the HOLY GRAIL? We all are looking for?

“The Idea That All Wealth Is Acquired Through Stealing Is Popular In Prison And At Harvard.”

A few days later my inbox got hit again with an other irresistible offer: Sounds Familiar?

Dear Friend: USD 62,000 in just three trades! Out of interest I posted on his BLOG: I ask about how big was his SL, how big the Lot Size, how much time did those three trades take to achieve such a great result etc. etc. my postings never made it, because they got deleted, from the MOD. You Guess why?

ONE LESSON I HAVE LEARNED THE HARD WAY:

“When a Man with Money meets a Man with Experience, the Man with Experience ends up with the Money and the Man with the Money ends up with the Experience.”

When you get such offers from alleged serious FX Gurus go and ask your conscience thoroughly  “Can this be possible, can such statements be TRUE?”

“YOU CAN GET POOR A LOT FASTER THAN YOU CAN GET RICH”

I can hear you thinking? Would I be able to become a successful full time trader? and yes I am convinced that you can, just you will not achieve making a whopping 62,000 after three trades when you account size is US 2500,00 and not U$ 1 million with using sound Money Management!

“MORE MONEY HAS BEEN LOST SEARCHING FOR YIELD THAN AT THE POINT OF A GUN”

Ask yourself, why would anybody sell such money print machine in first place? Answer: Because more likely he is not planning to trade HIS strategy anyway!

Make no Mistake: “A Fool and His Money are invited EVERYWHERE.”

Never forget the following, to achieve something in life one has to work hard for it. One can only make lots off money in short time when he/she invest lots of money (OR WINS THE LOTTERY), or Bernie’s style! To the contrary: One can only lose a lots off money having lots of money in first place!

MISTAKE #3

TRYING TO TIME THE MARKET

“A STUDY OF ECONOMICS USUALLY REVEALS THAT THE BEST TIME TO BUY ANYTHING IS LAST YEAR.” This speaks for itself, try to learn sound basics to apply to your trading, never try to outsmart the market and don’t guess!

MISTAKE #4

LETTING EMOTIONS DRIVE INVESTMENT DECISIONS

“There Are Only Two Emotions in Investing: FEAR and GREED.”  This is 100% TRUE : “MONEY DOESN’T always buy Happiness. People with Ten Million Dollars are not necessarily happier than People with Nine Million Dollars”

MISTAKE #5

EXPECTING ANY MANAGER’S INVESTMENT APPROACH to WORK All the TIME

” Wall Street Guru:Someone with HIGH Degree of SELF-DELUSION and a Strong BULL MARKET” Conclusion: Don’t make the mistake to trust your strategy all the time year round, because market conditions change throughout the year!

MISTAKE #6

GETTING CAUGHT UP IN A RELATIVE PERFORMANCE GAME

” It’s Better to be APPROXIMATELY RIGHT than PRECISELY WRONG.” ” A Fool and His Money are invited EVERYWHERE.”

MISTAKE #7

Not Having an INVESTMENT MANAGEMENT CONSULTANT

“Advice is what we ask for when we already know the ANSWER but wish we DIDN’T.” Faith in higher authority to help you with making tons of money: “If you would know what the LORD GOD thinks of Money, you have only to look at those to whom HE GAVE IT” Earn your plug, don’t pray on the LORD this is not what he is supposed to do, believe me!

Please take all off this into consideration when your inbox get hit with: ARE YOU READY TO FINALLY MAKE A STEADY PROFIT IN FOREX ? ARE YOU TIRED OF BROKERS ALWAYS TAKING YOUR MONEY? DON’T BE FOOLED BY THE FAKE LOOK-A-LIKE TRADING SYSTEMS! WE’RE PUTTING AN END TO ALL THE MADNESS BY GIVING YOU A SYSTEM THAT THE BIG BANKS AND BROKERS TRADE WITH EVERYDAY

Sounds Familiar?

when once again you get hit with a promising BRAND-NEW 572% plus gains in just 21 days Strategy or a never revealed before EA – Robot which doubles your account in less than 4 weeks with a proven copy and past account statement read my post once again!

“The Idea That All Wealth Is Acquired Through Stealing Is Popular In Prison And At Harvard.” Don’t get me wrong, there are Strategies out there they do work and it might be that there are ROBOTS they do generate gains, I owned them all, before returning them soon after,  when I start to realized their MM just doesn’t add up!

Also always ask yourself what is it! Why would those developers of such  WONDER ROBOT not just trade themselves and let the WonderBoy generate those HUGE RETURNS into their own accounts? Because they know this does not work in the long run, but to be honest they offer you an upgrade despite the fact they told you to have tested the ROBOT for years????

LOL Why did Coca Cola not sell there recipe yet, because they make tons off money themselves, RIGHT! Achieving to be a trader or make an income trading, you have to learn the principals to acquire the judgment to find out if something works or it does not. One can see it in this way:

e.g. if you do not know 2 + 2 = 4  or 2 x 2 = 4 to begin with, how can you be sure using a calculator feeding the same numbers make the outcome right? There is a small possibility you could have hit a wrong button and the outcome changes in a heartbeat! BTW: all of this applies to all business not trading only, or do you think Warren Buffet does not know how much is 2×4 without a calculator?

You have to have knowledge and use common sense to begin with to make a sound judgment and this you can only acquire through education, learn the basics and test it on your own, don’t believe blindly because this can cost you and finally it will!

BELIEVE ME I KNOW WHAT I AM TALKING ABOUT, I MADE MILLIONS AND I LOST ALMOST ALL OFF IT, BECAUSE I MADE ALL MISTAKES I TALKED ABOUT EARLIER! BE AWARE, BE ALERT

Don’t get me wrong, I knew all of this beforehand,  I just did IGNORE all of this and I pay dearly for it, not following the rules!  FEAR & GREED You like to know more about the world of investing, get the book BLUFF POKER than you will understand why you should know about investing in first place, I read the book and still made all the fundamental mistakes one can possible make, listen to me it will reward you in one or an other way!

Please don’t be COMPLACENT There is a saying:  fool me once Shame on You, fool me twice Shame on me! Last but not least: Be healthy & prosperous