Wednesday, February 27, 2008

Infiniti Point Strategies: Closing Doors sometimes leads to more opportunities

I just read an interesting article on how removing options actually makes life a whole lot simpler. Closing Doors

Decisions Decisions... from a leadership perspective, you're better off making a decision and sticking to it to show that you actually have an opinion, and that you're actually choosing a direction rather than wandering around aimlessly. Irregardless of the rationale that went behind the decision itself, people would more likely follow someone who believed they were sure - rather than someone trying to hold open ALL of the doors.

From a personal networking side, it's not a question of whether or not you are allowing a door to close or not. You just have to keep all of the doors slightly ajar, and failing that, you just have to remember where the doors are, and which door does what. For in this arena, a door is never closed unless you've completely burned the bridge.

Lastly from a marketing perspective, you will ALWAYS make more sales with more than a single choice, as now your clients see some sort of selection, but there is a barrier that once you cross over into TOO MANY choices, people will simply stop purchasing things because they now need time to think about it more, and with too many decisions and distractions in life already - if it slips their mind, you've lost the opportunity.

I think I'm working way too much these days...

Sunday, February 17, 2008

Infiniti Point Book Review: The Lazy Investor by Derek Foster

I'm taking a step back and beginning to read a lot about the new sector that I want to investigate - which is the stock market. Even with the hiccups along the road and the roadblocks that slow us down from reaching our financial goals, I still believe that there is a way for people to escape the rat race and reach financial independence on their own terms without working until you're 60+. You learn to ride a bicycle by falling and getting back on again.

I was just recently invited to a seminar at the Vancouver Convention Centre, and although it was full of people, the presentations themselves were uninteresting to me. The business itself looks like it adds up, but I think I need some further investigation to decide whether or not it works from the numbers side of things. Luckily enough there just happened to be a Financial Forum just down the hall which caught my attention.

A book that stood out from the rest at the Coles bookstand titled: "The Lazy Investor" looked interesting, and the tagline start with $50 and no Investment Knowledge looked appealing. From the title - it sounded like it fit in with my mission to help others and myself along the way to the Infiniti Point.

In short - this book taught me about DRIP programs - or Dividend Reinvestment Plans. It's a method where you purchase stocks that pay dividends and then reinvest the dividends to buy more shares of the same stocks, which in turn pay more dividends and increase the amount of cashflow. With the dividend payouts and the equity gains in the stocks being purchased, the gains are slow and steady but also give you a near "recession-proof" system as long as the companies that you purchase the stock in don't go under.

In my own opinion - the pros and cons of this are straightforward.

The structure of the program is sound - however it sounds more of like a "PLAN B" structure to the real estate, investment banking and other systems I'm learning - but hey, everyone needs some sort of backup plan to make things work out. In comparison to the other options of subscribing to a commission based, trailer dependent financial planning company or bank rife with fees (no offense to those in the industry, but I just like doing my own homework) I believe that this would be an excellent passive route for spare investment funds.

Once I open up my first few DRIP accounts - I'll blog their results as part of my online portfolio.

Thanks for reading and Happy Investing!
Earl Flormata

Saturday, February 2, 2008

Infiniti Point - Stopping the Madness

Digging around on the internet, I got a link showing that apparently Vancouver is a place where people can hide out and work on things that are not so much on the lighter side of the fence. My intent on creating Infiniti Point was to get a group of like minded individuals together to work as a team on learning how investments work, and working together to build our financial houses together.

With the whole mess of HFX going on - I'm going to focus back on the basics again and head back into a stronger training phase for myself and the agents around me that still wish to follow. Having said that - we're going to look at 3 major markets - Real Estate, Foreign Exchange (again), and the Stock Market.

I'm going to continue attending the real estate courses that I've already started into, alongside starting to take courses on the stock market in the few upcoming months. In the meantime, I've set aside all outside forex trading opportunities and will go back to my roots of reviewing the basics and working with my original forex teachers from the Philippines. You'll note on the ipoint investment club blog a new post with forex trading signals. These come straight from my original forex teacher: Jomer Abelarde, who I will continue to work with to rebuild the forex side of ipoint.

There's still some great opportunities out there but in the meantime, it's back to school for me as I rebuild the group up. If any of the iPoint clients are interested in where the next sets of training will be held, just keep an eye on this blog alongside the forum. There will be an excellent communications course that I'm going to help administer for Dr. Blair Dunkley in February - so if you're interested - drop me a line and I'll keep you posted. I've already started on the HFX victims fund as well, and I execute my first few trades next week. Wish me luck as I start the journey again, but with more experience under my belt.

Happy Investing,
Earl Flormata