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Millionaire Success Story

Who is Bill O’Niel?

The founder of Investor’s Business Daily, a top investment newsletter, author of “How to Make Money in Stocks” a book which lays out his investment philosophy and secrets to investing in leading growth stocks in the right market conditions. Bill O’Neil studied business at Southern Methodist University before beginning his career as a stockbroker in 1958, where he was an early proponent of computers as a tool in investment (which at that time were much less common). As a stockbroker he first developed his CANSLIM method (which is outlined in detail in his aforementioned book). CANSLIM is a system for only investing in growth stocks which meet certain fundamental criteria and has proven itself over time to be an excellent way to narrow down individual stock picks to the cream of the crop growth stocks. With his system he outperformed all other brokers in his firm, and at the young age of 30 Bill O’Neil became the youngest person to purchase a seat on the New York Stock Exchange (NYSE). Read More

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Automatic Investment Plan

What is an Automatic Investment Plan? 

An Automatic Investment Plan is one where you pay yourself first. This is a common bit of wisdom that has been passed along from financial advisors for years which is that one must find a way to make investing automatic so that the money comes out of your paycheck automatically (as opposed to being deposited in your bank account where you see it and may end up spending it). An automatic investment plan takes this concern out of the equation as money either goes directly into your 401(k) or SEP IRA (if self employed) or into a mutual fund or other automatic investment such as a Motif portfolio, etc.

How Does this Benefit Me? 

Having your investment plan automated will give you a clearly defined investment plan, and ensure that actions/steps are being completed to help you get to your financial goals (minimizing any potential disruptions/obstacles in getting there). Prioritizing your investments or making them a priority and planning appropriately is the only way you will ever reach your intended financial destination (or at least it puts the overwhelming odds in your favor). Millionaires have used this as a way to build wealth over time, and many future millionaires are using automatic investment plans right now to ensure they reach their goals that is a virtual certainty.

Some of the Companies that offer Automatic Investment Plans (where they will set up an automatic withdrawal on a monthly basis to your account) include:

Set your goals, set up an automatic investment plan, and someday you too may join the ranks of millionaires.

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