Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America
  • Bank for International Settlements

Can You Double Your Money in a Year? Fail at this, and You May Need To

August 28, 2019 By Richard C. Young

By justsolove @ Shutterstock.com

Can you double your money in a year? Not many people can. But if you lost 50% of the value of your portfolio, that’s exactly what you would need to do just to make it back to even.

If the prospect of trying to double your money sounds unappealing, I suggest you try not to lose that much in the first place. On this topic, I wrote in November 1994:

Unchanged Since the Twenties

According to BBC television, the Classic Coke bottle, the VW Beetle and AGA Cooker are the three finest industrial design achievements of the 20th century. You know the Classic coke bottle, you know the VW Beetle, but the AGA Cooker?

Contemporary stoves pale by comparison to this handcrafted, cast iron cooker that quickly becomes the heart and soul of any kitchen it inhabits. Available in a handful of vibrant enameled color, the heavily insulated, gas-fired AGA has no temperature controls and is always on.

In most kitchens, 80% of cooking is done on the stove top and 20% in the oven. With an AGA, the reverse is true—80% or more is done inside. Externally vented ovens prevent cooking smells from returning to the kitchen, while gentle radiant heat produces superb cooking results—never, ever dried out.

The AGA works on the principle of stored heat within the well-insulated cooker; your job is to simply choose the temperature you want from one of four separate ovens.

This timeless, handcrafted work of beauty, functionality and simplicity was designed over 70 years ago and remains virtually unchanged since the 1920s. For more info on the incomparable AGA Cooker, [visit www.aga-ranges.com].

Timeless describes the AGA’s design, and timeless is the first word I use to describe my investment principles for you. I hope you will embrace my timeless set of investment principles; they will allow you a lifetime of investment rewards.

As a serious, long-term investor, I want you to always consider risk before profits. Never forget, when you lose 50% on an investment, you must double your money next time out just to get even. And even then, you have earned zero return.

Reducing risk in your portfolio is the best way to prevent wild swings that could generate losses you can’t come back from. Focusing your efforts on diversification, dividends and interest, and on companies in industries with high barriers to entry can help you reduce risk in your portfolio. It’s hard to double your money in a year, but it’s easy to get started on reducing risk in your portfolio today.

Originally posted on Young’s World Money Forecast.

Related Posts

  • Want to Double Your Money in Investing? Read This First
  • Protect Your Money
  • How Can You Save Money for Your Grandchild?
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • Neither Cancel Culture nor COVID Can Shut Down CPAC - February 26, 2021
  • Has Bill Gates Been Injected Yet? - February 26, 2021
  • Fauci Doesn’t Own Your Face - February 25, 2021

Dick Young’s Must Reads

  • Your Life on Main Street will Never be the Same
  • Robo-Advisors: When You Have a Lot More to Lose than Money
  • Top 10 Political Books #1: The Declaration of Independence and the Constitution of the United States of America
  • Ted Nugent Tells it Like it Is
  • Being Fully American Means Americans First
  • Government Should Be Small, Laws Unobtrusive, and Men Left Alone
  • “The Losses are Taking a Toll on Their Health”
  • Why Some Kids Won’t Go Back to School, Ever
  • The Armed American Family: Part I
  • A Look at the Future of Main Street America

Our Most Popular Posts

  • Has the Time Come to Abolish the American Government?
  • Enjoy the Boom While You Can
  • Marry Compound Interest, Divorce Market Timing
  • Texas – More Subsidies for Wind, More Regulations for Oil
  • Biden Tells Audience that Blacks and Hispanics Don't Know How to Use the Internet
  • Richard Young Reports: 50+ Years with Fidelity and Wellington
  • UPDATE: Your Gun Rights and Freedom Are Under Assault
  • Please Don’t Call It COVID Relief
  • Permitless Carry Corridor Expands: Red States Trouncing Blue States on Freedom
  • Long Live Rush Limbaugh: Our Walk in the Woods

Disclosure

RSS Youngresearch.com

  • Welcome to the Interest Rate Prediction Business, JACK!
  • Democrats Have a Plan: Don’t Get Too Attached to Your Capital Gains
  • Petrified Snow/Ice Fishing? How about a Boat? and More
  • Bubble in Tech Stocks Will Cause “Clean Out” in Markets
  • COVID Chaos: New York and California vs. Florida and South Dakota
  • Time for the Fed To Stop Babying the Bond Market
  • Richard Young Reports: 50+ Years with Fidelity and Wellington
  • Deep Survival, Who Lives, Who Dies, and Why
  • Herd Immunity by April?
  • Corporate Bond Yields: What You Can Earn Today

Neither Cancel Culture nor COVID Can Shut Down CPAC

The Political Downside of Stoking Fear

Welcome to the Interest Rate Prediction Business, JACK!

Has Bill Gates Been Injected Yet?

Fauci Doesn’t Own Your Face

Gov. Newsom Discovering the Power of the Pen

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives