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I OWN THAT COMPANY!

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the information you are getting is good, then continue. But try tem- pering what you are hearing with something else. Just think of it as double-checking your facts.

NEXT STEPS

Now that we’ve discussed the different types of stock, stock invest- ing, and stock valuations, it’s time to think about what’s next. It’s easy to say that knowledge is power. What’s more difficult is acting on your knowledge. By becoming well versed in the ways of common and preferred stock, you’ve taken the next step to becoming rich. Now what you need to do is act on your new knowledge.

In the next few chapters, we cover different types of investment vehicles and why they’re important. The more you know, the more powerful you become. Believe me, there are people who think that all it takes to pick a good stock is to tack up the stock pages to a dart- board, throw a dart and then see where it lands. If it were that easy, everyone would have millions of dollars. But, it’s more difficult than that.

The wealthiest people in the world didn’t pick their investments by chance. They became knowledgeable about their investments. They didn’t do it alone, though. They hired knowledgeable people to help them, which is what you should do, too. By trying to compre- hend everything, you’ll wind up studying things so intensely that you’ll miss the boat. What I said earlier about making decisions comes into play here. Do some research, hire a financial advisor, and make decisions.

Learning about different investments is important, which is why we’re covering it. Just don’t try to know everything about everything. In the end, that won’t help you. But learn to listen to your gut feelings and trust them.

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