Investing 102

[GregWeld]

I have said in past posts that the key to REALLY making money is the ability to look around your own area of expertise... or knowledge... and see where there are POTENTIALS for investment. One of our members is in the oil biz - obviously he is keenly aware of what's going on there... Todd just posted about his real estate investing - and he is obviously an expert in his own industry.

Personally -- since I haven't worked for 20+ years I'm no expert in anything except how to manage the money we've already made... I'm also keenly into the high tech world, with friends etc in or invested in many of the start-ups that are central here in the Seattle area.

Having said that.... I was reading the paper today and spotted (and read) this article on something I know absolutely nothing about (I've been a proud member of AA for 28 years now). But I wanted to post it as an example of THINKING about investing -- and how you must look deeper and think larger picture around investing. Let me sum it up simply - APPLE sells lots of stuff... but in order to sell lots of stuff - they have to buy lots of parts to build their stuff ---- so if you can figure out what they're buying - there may be an investment in a supply line etc. THAT IS WHY I'M POSTING THIS ARTICLE.... because it reminded me of this kind of thinking.

Here's my bottom line --- personally I'm not interested in investing in any particular facet of this business -- but you can bet that I'm going to look in to the financial backers (VC's - angel investor groups etc) and I will look to put some money to work with one or two of them. When I say put some money to work -- I'm talking about 100 grand or so.... TINY for me.... but if a guy can get in on the bottom floor -- 100 can get you a 10 bagger... and then that's real money, I don't care who you are!

For investing 102 -- some of you might have enough that you want to speculate just a bit -- and maybe look into the grow light industry -- or hydroponics suppliers -- or??

http://seattletimes.com/html/localnews/2019809614_marijuanainvestor02m.html