Am I qualified to tell you the best stock to buy? Interesting question, isn’t it? Somebody e-mailed me and very politely asked me what made me think that I was qualified to give people free financial advice. She wanted me to list my qualifications. I find that to be a very interesting question.
First, the quick answer. I’m in no way qualified to give anybody financial advice including telling people the best stock to buy. I’m not a certified financial planner, I don’t have a business degree, and I don’t even work in the financial field. Scared yet? What disqualifies me even more than all of that is the fact that most people who read my posts don’t know me and I don’t know them. Here’s a little bit about me, though:
I was born in to a wealthy family with a father who still remains a very successful business man. I grew up learning about everything having to do with business. I can remember spending time while not in school going with my dad on business trips and sitting in board meetings. They talked about things that were foreign to me but over time I began to understand it.
He was probably a little bit disappointed when I decided to become a public school teacher rather than follow in his footsteps. As I aged a little bit, I noticed that my upbringing was still alive and well. Talking about business and investing was something I was very comfortable with. Watching CNBC all day is still one of my favorite things to do when home.
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Once I had enough money, I got started with investing and have grown my portfolio in to something quite large. I know that people that do what I do will often talk about the value of their positions. Not me, though. I will only say that I’m proud of the security that my portfolio provides my family and I work extremely hard to make sure the people that are important to me are provided for. It works for me but does that qualify me to tell you the best stock to buy?
My dream? I have always wanted to make huge amounts of money. I don’t want to be rich, though. I want to make huge amounts of money so that I can give it away. As much as I like my job, I don’t want to retire as a public school teacher. I want to retire knowing that I made people’s lives better.
So what qualifies me to give out free advice about the best stock to buy? I think I know a lot about finance. We all know a lot about what we love because it feeds us in such positive ways. As an investor I have, and continue to make mistakes. Some of them are big mistakes. Sometimes my portfolio zigs when I have it set up to zag and I have no idea why.
Hopefully, I’m helping some people. Hopefully they are getting some good out of what I write and if not, I hope they go somewhere that will give them great financial return.
So my final answer is what I say constantly on my site: Nobody, and I mean nobody, cares more about your money than you. It’s no body’s fault when you lose money, it’s no body’s fault when you don’t make enough, and you solely should be praised when you make the right financial move. Don’t follow my advice or anybody else’s. Use our advice to ask questions and consider other viewpoints and decide for yourself. I want to help but I don’t want to be in charge of your financial future. I’m definitely not qualified for that job.