Isn't earning a good return on our money a very essential consideration? Yes I think most would agree. We want to build our retirement money-machine because we all know you need piles of stuff and if we are going to enjoy retirement then we better have a GOOD PLAN!

CONSIDERATIONS -------------------------------------------------------- Real Estate: You make your money when you buy!

Small Business: You make your money when you sell your money-making system.

Shares: You make your money when you can! --------------------------------------------------------

My favourite game is playing sharemarket and I will admit to you from start it's not always money in your bank account - why? Simply because it's a game where one who who knows most makes money.

If you want to join me then start your education now! Learn how, do training and master your emotions you you will do well.

LOOKING BACK

It wasn't till I lost my advisor that I really learned about making money. Now I'm not saying sack your advisor - I would never say that! You have to make your own decisions.

An advisor can tap into situations that you would not be aware existed. You can also learn from them. Just be careful as to who gives you advice and make your own decisions.

Don't trust anyone to make money for you. No one cares about your money way you do. Advisors in most cases are just sales people who need to get clients so that they can pay their bills. At best of times you do not rate that highly in their priorities.

If you lose or win, it's nothing to them - they hope they will still get to keep their jobs. It is easy to understand - make them a lot of money and they might let you know what is happening to your account, but this depends on who is more important than you today. We all want advice and we all ask opinions of others, but don't become dependent on someone solving your problems - you are alone! Now live with it! The sooner you take full responsibility better.

The people who make excellent returns are those that see trading as a business and realize that they will always be a pupil who needs to keep learning, be self-motivated and resilient, because losing at some stage is inevitable.

There are going to be more people that lose money than make money. I have had strings of losses, where position after position has had to be closed. Now you don't need that to happen too many times to wipe out your capital. This is reason for keeping your positions small. You must decide how much time you will be willing to invest to learn how to make your fortune and keep it. The less time you're willing to devote to learning, less money you should put into sharemarket.

The gambler will eventually give his winnings back to house because they do not have a plan and trading rules which help them develop self-discipline. The most important quality to develop if you seriously wish to be successful in sharemarket is self-discipline. Although this is easy to write in words I assure you that developing personal discipline is very hard and to carry out actions without involving emotion can be next to impossible. We are often ruled by emotion and we hate to admit we have made a loss - thus, often we won't do what we should to rescue our remaining capital. This is how a little loss becomes a big loss over time.

Master yourself - your emotions will help you lose money. The more you think with your emotions and more you make decisions with your emotions, more you will lose.

NO ONE CAN PREDICT WHAT WILL HAPPEN IN THE MARKET!

If anyone can predict with any accuracy it won't be you and if you must predict what is going to happen, don't put any money on your bet. Next, if your broker could predict what was going to happen he/she would not be a broker - they would be living life of Riley. If money is coming out of market then for god's sake take notice. This may be as close as you get to insider trading.

The stockmarket is like a sport. Everyone wants to see great players and witness all action, but not everyone is going to win game. It is up to you to learn how to play game. You need to learn rules and learn tactics and strategies to help you score more goals.

There are many different plays you can make in market, but learning less risky plays and those that reduce risk will make you more money.

Less risky to some......using options to make money

Examples might include:

1. Writing puts when market is going up instead of buying stock. If you're exercised then you can decide whether to buy stock or act earlier to prevent exercise by closing out your put position when put price drops(buy same put series and close it out).

2. Writing calls over your shares when it looks like stock price is ready to fall.