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The Law Of Attraction

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01/17/2007

I've been thinking a lot lately about the concept of success and how to increase it in my own life. I've also been thinking a lot about success when it comes to my businesses, my managed clients, and my investment advisory services. Of course, I've also been thinking a lot about the concept of success and how it applies to Alert readers.

One thing that helps me focus on achieving success is by reading what others have to say about the subject. Many of you may already know that I am big fan of Napoleon Hill, whose seminal motivational work, Think and Grow Rich, is an absolute must read for anyone serious about creating a rewarding life.

Now I've found another great book on this subject. It is written by Rhonda Byrne and called The Secret. The book explains that the "secret," if you will, is something Byrne calls "the law of attraction." The law basically is that we tend to draw people to us who have the same outlook on life that we do. If you are a positive person who is eager to learn and to grow, you likely will attract others of the same ilk to you. Your life likely will be populated with successful, happy people, and that success and happiness will spill over into your life.

Conversely, if you are a negative person who gives off bad "vibes," you likely will attract those with similar levels of negativity, frustration, failure and other characteristics antithetical to a life well lived. This law of mutual attraction is something that I truly accept. I've seen evidence of it time and time again in my own life, as well as in the lives of countless others. If you want to put yourself on a path toward a happier, more successful life, a good way to start is by reading both Think and Grow Rich and The Secret.

Now, you might be asking what all this success talk has to do with the market and investing. Well, the answer is they are all connected. Part of being a good investor is surrounding yourself with positive influences. Those influences can help you to shake off fear from dealing with your finances and to unlock the true potential that your money offers.

Helping you to achieve this kind of positive mental outlook in managing your money is what my life is about. I love it and I will continue doing it as long as my listeners, readers and clients let me. Let's now turn to a few concrete suggestions about how to get on the path of achieving financial success. Surprisingly, none of these suggestions has anything to do with a particular stock, mutual fund, etc. They have more to do with knowing yourself than anything else.

Here are my three keys to financial success as we begin this young year:

  1. A clear objective: It's all about you and your goals when it comes to investing. That said, you must state a goal, in numerical terms, with respect to what kind of returns will satisfy you. That number could be 5%, 8%, 10%, or even 15-20%. Whatever the case, be sure that you are realistic about your investment objectives. I am not suggesting that you limit yourself here, but I am encouraging you to pick a number when it comes to your rate of return. Such a goal will help you focus on your objectives and it will help you to make the decisions required to achieve that target.

  2. A positive mental attitude: Are you excited about the opportunities ahead in 2007? Do you know the details of all your holdings? Do you have contingency plans if something doesn't go your way in one of your investments? Answering these questions now will help you to feel more secure about your money. And, the resulting peace of mind you get will go a long way toward creating a positive mental attitude.

  3. A Plan: Anything you've accomplished in life undoubtedly came via a plan. Your college education, business, health habits and fitness all require proper planning and execution. Without a plan, you'll be lost in the woods without a compass or a map. Don't be an investor who lacks a plan. If you need assistance with your plan, I am here to help.

Want to know more about how the Fabian investment strategies combine clear objectives, a positive mental attitude and a time-tested plan to help you achieve success? Click here.

SECRETS TO VARIABLE ANNUITY SUCCESS 7

When it comes to variable annuities (VAs), I have what could be described as a classic love-hate relationship. I love VAs because they are a great tool to help you enhance your retirement nest egg and they offer unlimited contributions, which is great for those who receive some type of windfall such as an inheritance, a life insurance payout or a big settlement.

I hate VAs because, so often, they are used by unscrupulous brokers who charge outrageous commissions to gullible investors who are often unaware of what exactly they are buying.

So, how do you put the love on your side and how do you minimize the hate when it comes to VAs? Well, that's exactly what I cover in my online seminar, The Secrets to Variable Annuity Success. If you want to find out more about these great retirement investing tools, I encourage you to check out my seminar by clicking here.

RANGE OF THE MOMENT

The sell-off in the oil patch continues, and so does the constant barrage of new all-time highs hit by the Dow Industrials. While my gut tells me we are very near the bottom here in oil prices, you just don't know how things are going to play out in volatile sectors like oil.

My gut also tells me that one way or the other, the general market is in for a change of direction, as well. For the past five weeks, the S&P 500 Index has been stuck in a trading range of about 2% in either direction. This is the longest the index has been in such a tight trading range since way back in 1993.

I think we are bound to get either a sizeable bounce in stocks, or more likely, a considerable pullback real soon in the major market averages. With earnings season kicking into high gear this week, corporate profits -- and the guidance companies come out with for the next couple of quarters -- could be the catalyst for a market change one way or the other.

We'll be keeping a very close watch on all of the earnings announcements this week, as the near-term future of stocks could well depend on the latest news from corporate America's balance sheets.

NEW SPECIAL REPORT AVAILABLE NOW! 5

Worried about managing risk in this uncertain political and economic climate? If you aren't worried, you should be. The risks we all face right now require sound financial stewardship. These days, you just have to know how to protect yourself.

That's why I want you all to go here for your FREE Special Report titled, "The Successful Investor's Guide To Managing Risk."

ETF NEWS

If you weren't with us last week, or if you somehow didn't get a chance to read last week's issue, you missed my mention of a great web site for exchange-traded funds (ETFs). The site is ETFTrends.com and it's run by my friend and fellow ETF specialist Tom Lydon. Here are some of the highlights gathered from Tom's site that I thought would be of great interest to many Alert readers.

More Fixed Income ETFs

Banking and investment giant Barclays has just added eight new fixed income ETFs to the company's offerings. Investors now have a total of 14 fixed income ETFs that cover a variety of income classes and maturities to use for their investment portfolio. The new ETFs include:

More Metals, Oil and Gas Commodity ETFs for 2007

Deutsche Bank and PowerShares recently added seven new commodities ETFs to their offerings. These new commodities ETFs will enter into long commodity futures positions and will generate interest on cash and U.S. Treasuries.

ETF providers are banking on demand for commodity ETFs increasing in the coming year. With global economies booming, we've already seen an increased need for oil and gas. Metals demand, especially in emerging markets, has helped to push the prices of gold, silver and copper higher.

Number of ETFs Continue Growing in 2007

There will be no slow down when it comes to new ETFs for 2007. There already are 92 ETFs in the pipeline slated to come to market this year and that expansion is probably just the beginning. In 2006, there were 144 new ETFs launched.

My friends, the ETF tide is still rising rapidly. This year, more than ever, turn to the Alert to keep up with the latest and greatest of all things ETF.

PROFITABLE THINKING

"Make every thought, every fact, that comes into your mind pay you a profit. Make it work and produce for you. Think of things not as they are but as they might be. Don't merely dream—but create!"

—Robert Collier

I want to thank Alert reader Ken for sending in this great quote by motivational author Robert Collier. What Collier reminds us all is that a big part of success in life is looking at the possibilities and harnessing them to your advantage.

Wisdom about money, investing and life can be found anywhere. If you have a good quote you'd like me to share with your fellow Alert readers, send it to me, along with any comments, questions and suggestions you have about my radio show, newsletters, seminars, or anything else.

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