As soon as I can. I do not claim to be the next Warren Buffet. And if I had all the answers , I would already have millions of dollar's .
So , let me explain my battle plans .
First step , I started my buying Wal-Mart Stock , from my paycheck. Which Wal-Mart adds 15%. So , infact Lunsford Investments already makes a profit of 15%.
2nd step , I opened up my 401k plan , from work. Which again I earn another 15%.
The 401k plan is not a sexy path to make a million dollar's. However , I the money is Invested every paycheck , and the it is a tax break every paycheck .
3rd step , I bought some Silver Proof Coins and Gold. The Silver and Gold Investment is good , but not much of a return on the Investment . However , if I would have bought Gold years ago , then Lunsford Investments , would be closer to the million dollars. Which could be the same if I , started buying stocks earlier aswell.
4th step , I opened up a free checking account . I know the free checking account will not make Lunsford Investments any money. But , it is used as a tool to move money . Which will be covered in Step 5.
5th step , I opened a Money Market account through ShareBuilder ING.
ShareBuilder , is a side company owned by ING , which is used to buy Stocks. Now , that I have a ShareBuilder account , I earn interest on the Money Market Account , which is better than a Saving's account at the Local Banks.
Now , for the best part of ShareBuiler. In Step Six.
6th Step , I signed up for Automatic Investment Plan , with ShareBuilder. Which I buy Stock every week.
7th Step , I set up the AIP , to buy different Sector's of Company's four times a mth. Such as week 1 , I buy Entertainment Company Stock.
- Regal Entertainment Group
- WWE
- Disney
- Marvel
Week 2 Teck
- Waters
- Verizon
- Leap ( Criket )
- Sprint
Week 3 Retail
- Target
- Nike
- JCPenny
- Wal-Mart
Week 4 Travel and Hotel
- Royal Caribbean Cruises Ltd
- Wyndham Worldwide Corp
- Starwood Hotels & Resorts
- Host Hotels & Resorts Inc
- Carnival Corp
Week 5
- Coke
- Pepsi Co
- Pepsi Bottling Group
- Coors
- Darden
I have my AIP , set up like a Mutual Fund. I got the idea after reading the investing books that I bought. Almost every book said that the only way to make a million dollars , from investing in stocks . Is from a Mutual Funds . So , I just set up my own kind of Mutual Fund . In my own way .
8th step , I opened a Saving's Account with ING , which has a nice Interest rate. And again I know that a Saving's Account is not a Sexy Investment. However , ING added 25 dollars to my account and they gave me a week in Free Real Time Trades. So , in my eyes that was a good return on my Investment.
I will add more steps , later .
Now , Lunsford Investments is not earning 30% on my returns , like Warren Buffet.
Yet , if my math is right . I am earning about 12 to 15% , from my returns.
This the first wave of the Battle , on the War . To make a Millon Dollar's.
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