The Simple Secret to My Success in Life

From Daily Wealth

The Simple Secret to My Success in Life
By Dr. Steve Sjuggerud
Wednesday, May 7, 2014

What's my secret?

Friends at home in Florida think that I have some sort of "Golden Touch."

They want to know my secret to repeatedly making great investment decisions.

Usually, I just shrug off their questions without much of an answer. "Just good luck," I'll say. Or something like that.

The thing is, I do have a "secret" that helps guide my investment choices. Even better, it is not hard to understand or to put into action. Today, I'll show you what I do... And I hope you will always remember it.

My friends at home have seen me succeed over and over again. Usually, it appeared from the outside that what I was doing was a bit crazy. I wasn't. I was simply following the secret...

For example:

•   My friends looked at me like I was crazy in the mid-2000s. Back then, they were all buying real estate. I was buying gold coins. As you can guess, my friends were clobbered in real estate, but I came out ahead.
 
•   My friends know that when the financial world looked like it was ending in 2008, I took out a home-equity loan to buy stocks. (That was the first and only time I've ever done that.) I doubled that money pretty quickly and used those profits to pay off that loan. I've been saying "buy stocks" ever since.
 
•   In recent years, I've been buying large properties in Florida for 80%-90% less than what they sold for at their peaks. It's already working out well... One of these properties – a few hundred acres – is currently listed for a price more than five times what I paid for it. (That price was suggested by the realtor, not by me.)

So what is my secret?

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