Why I refuse to let someone else management my investment savings and why you should too

The Palm Beach Research Group.

In 2009 and 2010, like most American's, I watched my hard fought savings be reduced by 50% across my retirement savings/401K accounts during the financial crises. I realized that it would really difficult to do worse by investing myself as opposed to selecting from among a handful of crappy mutual fund offerings. I read a book that was key to my decision- The Big Investment Lie: What Your Financial Advisor Doesn't Want You to Know, by Michael Edesess. I learned about how financial money managers manipulate their marketing materials to get us to buy their funds or have them manage our money. I also learned that the number one goal of all of these businesses is to get as much of your money under their control as possible and to hold it as long as they can. The reason is simple, they get paid out of the fund and management fees and the more money they have the more fees they can milk. Over a long investment life, these annual fees compound and end up steeling significant money that would otherwise accumulate and compound in your accounts.

By the beginning of 2011 I made a decision that no one cared more about my savings than me and I would no longer rely on "smart" people to advise me or otherwise make decisions about how my money was invested. I decided to finally get educated and take responsibility for my financial future.

I have both a masters degree in mechanical engineering and an MBA. However, they provide very little insight into investing. The only way I knew to do this, was by diving in, making some mistakes and learning along the way. Ultimately, I took the dive. I subscribed to the Stansberry Investment Advisory, one the the largest investment newsletters. My investment education started. Today, I have lifetime subscriptions to more than 12 newsletters, well over 10,000 hours of investment effort and have spent over $25,000 to get the best financial information available.

I don't know about you, but I don't like being ignorant. It doesn't feel good. It prevents you from making informed decisions and leads you to a lack confidence. Unfortunately, today most people are completely ignorant of investing, but at the same time must be responsible for one of the most important things in our lives, our financial well-being. So I'd like to encourage you too to make a decision to take your savings and investing into your own hands. Like anything, you get more comfortable with investing the more you know.

I'll be writing about investing on steemit and hope you will follow and can learn some of the lessons I have learned. I plan to provide some compelling investment recommendations and investment tips to help give you the confidence to take steps toward your financial freedom. As always, you'll need to do your own research when I tell you about an investment I've made and why.

Good investing!!

My topics of interest:
-microcap stocks
-resource/mining stocks
-leveraged funds
-value investing
-the magic of compounding dividends through DRIP function
-options
-assymmentric bets including cryptos
-accredited investing and what benefits it can bring and how to work around it
-distressed corporate bonds
-technology
-hydroponics