10 golden rules to become rich!

Once you decide to put your money to work to build long-term wealth, you have to decide, not whether to take risk, but what kind of risk you wish to take. Here are 10 investing rules that can make you rich:

1. There's no escaping risk
Once you decide to put your money to work to build long-term wealth, you have to decide, not whether to take risk, but what kind of risk you wish to take.

Yes, money in a savings account is dollar-safe, but those safe dollars are apt to be substantially eroded by inflation, a risk that almost guarantees you will fail to reach your wealth goals.

And yes, money in the stock market is very risky over the short-term, but, if well-diversified, should provide remarkable growth with a high degree of consistency over the long term.

2. Buy right and hold tight
The most critical decision you face is arriving at the proper allocation of assets in your investment portfolio -- stocks for growth of capital and growth of income, bonds for conservation of capital and current income.

Once you get your balance right, then just hold tight, no matter how high a greedy stock market flies, nor how low a frightened market plunges. Change the allocation only as your investment profile changes. Begin by considering a 50/50 stock/bond-cash balance, then raise the stock allocation if:

>You have many years remaining to accumulate wealth.
>The amount of capital you have at stake is modest.
>You don't have much need for current income from your investments.
>You have the courage to ride out the stock market booms and busts with reasonable equanimity.
As these factors are reversed, reduce the 50 per cent stock allocation accordingly.

3. Time is your friend, impulse your enemy
Think long term, and don't allow transitory changes in stock prices to alter your investment program. There is a lot of noise in the daily volatility of the stock market, which too often is 'a tale told by an idiot, full of sound and fury, signifying nothing'.

Stocks may remain overvalued, or undervalued, for years. Realize that one of the greatest sins of investing is to be captured by the siren song of the market, luring you into buying stocks when they are soaring and selling when they are plunging.

Impulse is your enemy. Why? Because market timing is impossible. Even if you turn out to be right when you sold stocks just before a decline (a rare occurrence!), where on earth would you ever get the insight that tells you the right time to get back in? One correct decision is tough enough. Two correct decisions are nigh on impossible.

Time is your friend. If, over the next 25 years, stocks produce a 10% return and a savings account produces a 5% return, $10,000 would grow to $108,000 in stocks vs. $34,000 in savings. (After 3% inflation, $54,000 vs $16,000). Give yourself all the time you can.

4. Realistic expectations: the bagel and the doughnut
These two different kinds of baked goods symbolize the two distinctively different elements of stock market returns.

It is hardly farfetched to consider that investment return -- dividend yields and earnings growth -- is the bagel of the stock market, for the investment return on stocks reflects their underlying character: nutritious, crusty and hard-boiled.

By the same token, speculative return -- wrought by any change in the price that investors are willing to pay for each dollar of earnings -- is the spongy doughnut of the market, reflecting changing public opinion about stock valuations, from the soft sweetness of optimism to the acid sourness of pessimism.

The substantive bagel-like economics of investing are almost inevitably productive, but the flaky, doughnut-like emotions of investors are anything but steady -- sometimes productive, sometimes counterproductive.

In the long run, it is investment return that rules the day. In the past 40 years, the speculative return on US stocks has been zero, with the annual investment return of 11.2% precisely equal to the stock market's total return of 11.2% per year.

But in the first 20 of those years, investors were sour on the economy's prospects, and a tumbling price-earnings ratio provided a speculative return of minus 4.6% per year, reducing the nutritious annual investment return of 12.1% to a market return of just 7.5%. From 1981 to 2001, however, the outlook sweetened, and a soaring P/E ratio produced a sugary 5% speculative boost to the investment return of 10.3%.

Result: The market return leaped to 15.3% -- double the return of the prior two decades.

The lesson: Enjoy the bagel's healthy nutrients, and don't count on the doughnut's sweetness to enhance them.

5. Why look for the needle in the haystack? Buy the haystack!
Experience confirms that buying the right stocks, betting on the right investment style, and picking the right money manager -- in each case, in advance -- is like looking for a needle in a haystack.

Investing in equities entails four risks: stock risk, style risk, manager risk, and market risk. The first three of these risks can easily be eliminated, simply by owning the entire stock market -- owning the haystack, as it were -- and holding it forever.

Owning the entire stock market is the ultimate diversifier. If you can't find the needle, buy the haystack.

6. Minimize the croupier's take
The resemblance of the stock market to the casino is not far-fetched. Yes, the stock market is a positive-sum game and the gambling casino is a zero-sum game . . . but only before the costs of playing each game are deducted. After the heavy costs of financial intermediaries (commissions, management fees, taxes, etc.) are deducted, beating the stock market is inevitably a loser's game. Just as, after the croupiers' wide rake descends, beating the casino is inevitably a loser's game. All investors as a group must earn the market's return before costs, and lose to the market after costs, and by the exact amount of those costs.

Your greatest chance of earning the market's return, therefore, is to reduce the croupiers' take to the bare-bones minimum. When you read about stock market returns, realize that the financial markets are not for sale, except at a high price.

The difference is crucial. If the market's return is 10% before costs, and intermediation costs are approximately 2%, then investors earn 8%. Compounded over 50 years, 8% takes $10,000 to $469,000. But at 10%, the final value leaps to $1,170,000 -- nearly three times as much . . . just by eliminating the croupier's take.

7. Beware of fighting the last war
Too many investors -- individuals and institutions alike -- are constantly making investment decisions based on the lessons of the recent, or even the extended, past. They seek technology stocks after they have emerged victorious from the last war; they worry about inflation after it becomes the accepted bogeyman, they buy bonds after the stock market has plunged.

You should not ignore the past, but neither should you assume that a particular cyclical trend will last forever. None does. Just because some investors insist on 'fighting the last war,' you don't need to do so yourself. It doesn't work for very long.

8. Sir Isaac Newton's revenge on Wall Street -- return to the mean
Through all history, investments have been subject to a sort of law of gravity: What goes up must go down, and, oddly enough, what goes down must go up. Not always of course (companies that die rarely live again), and not necessarily in the absolute sense, but relative to the overall market norm.

For example, stock market returns that substantially exceed the investment returns generated by earnings and dividends during one period tend to revert and fall well short of that norm during the next period. Like a pendulum, stock prices swing far above their underlying values, only to swing back to fair value and then far below it.

Another example: From the start of 1997 through March 2000, Nasdaq stocks (+230%) soared past NYSE-listed stocks (+20%), only to come to a screeching halt. During the subsequent year, Nasdaq stocks lost 67% of their value, while NYSE stocks lost just 7%, reverting to the original market value relationship (about one to five) between the so-called 'new economy' and the 'old economy.'

Reversion to the mean is found everywhere in the financial jungle, for the mean is a powerful magnet that, in the long run, finally draws everything back to it.

9. The hedgehog bests the fox
The Greek philosopher Archilochus tells us, 'The fox knows many things, but the hedgehog knows one great thing.' The fox -- artful, sly, and astute -- represents the financial institution that knows many things about complex markets and sophisticated marketing.

The hedgehog -- whose sharp spines give it almost impregnable armour when it curls into a ball -- is the financial institution that knows only one great thing: long-term investment success is based on simplicity.

The wily foxes of the financial world justify their existence by propagating the notion that an investor can survive only with the benefit of their artful knowledge and expertise. Such assistance, alas, does not come cheap, and the costs it entails tend to consume more value-added performance than even the most cunning of foxes can provide.

Result: The annual returns earned for investors by financial intermediaries such as mutual funds have averaged less than 80% of the stock market's annual return.

The hedgehog, on the other hand, knows that the truly great investment strategy succeeds, not because of its complexity or cleverness, but because of its simplicity and low cost. The hedgehog diversifies broadly, buys and holds, and keeps expenses to the bare-bones minimum.

The ultimate hedgehog: The all-market index fund, operated at minimal cost and with minimal portfolio turnover, virtually guarantees nearly 100% of the market's return to the investor.

In the field of investment management, foxes come and go, but hedgehogs are forever.

10. Stay the course: the secret of investing is that there is no secret
When you consider these previous nine rules, realize that they are about neither magic and legerdemain, nor about forecasting the unforecastable, nor about betting at long and ultimately unsurmountable odds, nor about learning some great secret of successful investing.

In fact, there is no great secret, only the majesty of simplicity. These rules are about elementary arithmetic, about fundamental and unarguable principles, and about that most uncommon of all attributes, common sense.

Owning the entire stock market through an index fund -- all the while balancing your portfolio with an appropriate allocation to an all bond market index fund -- with its cost-efficiency, its tax-efficiency, and its assurance of earning for you the market's return, is by definition a winning strategy.

But if only you follow one final rule for successful investing, perhaps the most important principle of all investment wisdom: Stay the course!

Get a daily publicity of your Blog and sites

Story submitting sites and social bookmarking sites are gives a free publicity to your blog and sites.Story submitting sites are entirely different from social bookmarking sites.
Bellow is a collection of Story submitting sites.

Submit your post Url to this sites and get free publicity for your blog.But don't be spam when you are submitting urls.They are very strict about spamming.They can ban your your blog.So take care and enjoy this free service.

1.Digg.com
2.Tagza.com
3.Indianpad
4.Ekjut.com
5.Indianbytes.com
6.netscape.com

Multiple Submissions at a time

7.http://www.onlywire.com
8.http://www.scratchlist.com/
9.http://www.mohamadlatiff.com/social-power/bookmarks.php

Delete thousands of mails with one click on yahoo

Yahoo giving unlimited mail storage.But when some limit reaches(nearly 20000 mails) your account don't sent and receive any mails.This is due to yahoo giving unlimited storage.So to protect their server from unnecessary storage.So you must clear them daily.But you can delete 200 mails at one click(yahoo old Version).If you have a 10000 mails you have to press delete button 50 times.Its lot of time waste.So here is 4 simple steps to delete your thousands of mails.

• At the right top corner you will see 'switch to new yahoo mail'.So you will be turned into new version of yahoo.(click on images to see large view).
  
• 
• Then your yahoo account switched to new version.
• Then select delete check box there.Delete all.
• Then your mail box will be cleared.(You can also clear spam and trash.).
• 
• Switch back to old version.(Beside sign out).

Then you have cleared your mail box.But use this tip only those who are "Confirmed that getting 'ALL' unnecessary emails".

Add more "Authors" and "Owners" to your blog

Here you may got one doubt that

"Why should I add more "Authors" & "Owner" to my blog?"

Let me explain.Suppose you have a group in your college and you have blog.Your friends has different views and ideas.So they wanted to associate with your blog.So you have to allow them and add them as "Blog Authors".If you want to sale your blog or you want to transfer to some one.Then you have to add a "Blog Owner".Now we will see how to add Authors and Owners.
Log in to your blogger account.Then Dash board->setting->Permissions.There you can see blog authors and blog readers.Bellow you can see "add authors".Click on it you can be asked the emails of Authors you wanted to invite.Then the author can be invited and he can post on your blog."But he can't edit and delete" anything on your blog.He plays a role of guest on your blog.
If you can click on "Guest" it can be changed to admin(Red arrow).

That means he got full control on your blog and he can delete and edit anything on it and "He can delete you as Admin".So be careful while inviting others as admin.

Increase your Blog size from 1GB to More

• Blogger is giving a great opportunity to blog on your favorite topic.Most of the people blogs on films and so they use images of their favorite hero and heroine.They use images in a large amount.

• To post an image on a blogger post you need to upload that image to blogger.Blogger stores that image in its online photo album PICASA.(In your Account).So it takes some size (of course in bits).If they post regularly using this images on their blog,their blog will be full and there is no space further.Since they have only 1G.B.

• To get more size on your blog i.e; more than 1.G.B.Simply change your blog from your one google account to another account.That means change the author of Blog.

• Here is the key for "How to change the author of a blog."

• After change the author "here is the simple and Tricky thing to get more space about your blog." Simply Delete the author of first account.
• Means you have completely shifted your blog from one Google account to another google account.
• So your first blogger images were stored in first google account.So your first google account has complete 1.G.B.Space for images.
• After you have shifted your blog from another google account the images will be stored in your second google account which has the capacity of another 1.G.B.
• So you got another 1.G.B. space for your images.
• So 1.G.B. from first blogger account and 1.G.B. from second blogger account.So enjoy your 2.G.B. space for images.You can increase as much as space you want for your blog by changing the blog authors ( Google accounts).

3 Interesting Ideas to Make Money on ebay

1) Sell Used Cell Phones on ebay
The demands for used cell phones with brand names like Nokia, Motorola, Kyocera, Alltel, Ericsson, Sprint, etc in ebay are pretty high. Many of the used cell phones auctions in ebay usually attract bids.

So how to find used cell phones to profit on ebay?
Many people change their cell phones every year. If you are one of them, probably you already have 2 or 3 used cell phones kept at home that can sell on ebay. Your friends may also keep a few of old phones left unused. You can buy from them and resell on ebay.

To get a consistent supply of cell phones, you may think about placing classified ads in newspaper states that you pay money for used cell phone. You shouldn't pay much when buying used cell phones. Do a little research on ebay to find out how much used cell phones are generally selling. If a used cell phone sell at a price of $50 in ebay, you should pay not more than 30% of the price to buy it. If the phone is a recent model you can pay little more and cut a little if it is old and nothing special.

2) Sell Used How-to Books
Used how-to books are quite easy to find and inexpensive to buy. They can be bought at $1.00 or less. You can buy how-to books from thrift shops, estate sales, used book stores, yard sales, etc and sell them in ebay for high profit margin. You can also get how-to books from Book Sale Finder. Here are the type of books you should look for:

Hobbies
Photography, blacksmithing, clock building & repair, woodworking, magic, treasure hunting, iron work, pipe smoking, dog training, antiques, coins, buttons, medals, drawing, painting, craft making, dolls, pottery, etc.

Home and Garden
Home decorating, home remodelling, garden trellis, etc.

Misc
How to repair (watch repair, door repair, pipe repair), how to play, lost treasure, eary aviation, etc.

When you list your books in ebay, you can either list them in the "Book" category of ebay or in the subject specific category of ebay. For instance, If you are selling a book related to home decorating, you may be making more profit if you list the book under the "Home Deco" within the "Home & Garden" category of ebay campare to listing the book under "Book"

3) Sell Gift Cards
Gift card is another profitable market in ebay. There are many people possess gift cards but not everyone of them will use their gift cards. If you can offer to buy these unused gift cards for a price at 20% or less of the value of the gift certificates, they will sell to you. You can advertise your offer in local newspaper, penny shop and trading post. You are looking for gift cards that are still valid (not yet expire). Most gift cards have a toll-free number on the back you can dial to check whether the cards are still valid.

When determining the buy and sell price of a gift card, you should do some research on ebay. Try to look for auction that sell the similar card. See how much the card sells in the auction and set you buying price at 40% to 50% of the selling price of the auction. The starting bid and winning bid of the auction can also give you an idea on how much your card can sell on ebay.