The Investor's Bill of Rights: Owning Your American Dream

By Brendan Magee

A series of principles, that if followed, tilt the odds in the favor of the investor.

• Language: English
• Publisher: BookBaby
• Release date: Dec 31, 2019
• ISBN: 9781543997569

Book preview

The Investor’s Bill of Rights

Owning Your American Dream

Brendan Magee

ISBN (Print Edition): 978-1-54399-755-2

ISBN (eBook Edition): 978-1-54399-756-9

© 2020. All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law.

Declaration of Happiness

When a human being stands present to the laws of nature and of God they are impelled to declare:

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that amongst these are life, liberty, the pursuit of happiness."

But, when a long train of abuses and ways of being are designed to reduce us under absolute despotism, it is our right, it is our duty, to throw off such ways of being, and provide new guards for our future happiness.

Table of Contents

Dedication

A Word About Investor Risk

Introduction

First Investor Right - Your True Purpose For Money

Second Investor Right - Costs & Expenses

Third Investor Right - Investor Returns

Fourth Investor Right - Risk

Fifth Investor Right - Investor Behavior

Sixth Investor Right - Diversification

Seventh Investor Right - Gambling vs. Investing

Eighth Investor Right - Investor Philosophy

Ninth Investor Right - How Markets Really Work

Tenth Investor Right- Investor’s Right To Choose

Checks and Balances

Acknowledgement

About the author

Dedication

To Jennifer, Liam, and Owen you have given me way more than I have ever given to you. I love you and thank for the blessings that you are.

To all Inevitable Wealth Coaching clients thank you for the faith and trust you have placed in me over the years. You can’t coach someone who isn’t courageous, patient and kind.

A Word About Investor Risk

Purely for educational purposes this book makes use of portfolios and their annualized rates of return. Their use is for educational and illustrative purposes only. Please know that investing involves risk and before you engage in any kind of investing you should consult with a professional to make sure you understand all the risks any investment.

Introduction

The Fifteenth Amendment to the U.S. Constitution made into law the right of African Americans to vote in state, local, and federal elections. That amendment was passed on December 15, 1789. However, it took until The Voting Rights Act of 1965 for African Americans to have this right protected under federal law. The Voters Rights Act made it unlawful for anyone to be discriminated against when it came to becoming a registered voter. Over those 79 years between these two landmark pieces of legislation, African Americans were routinely denied the right to vote. No greater example of this discrimination was demonstrated by the case of the U.S. Government vs. Lynd.

In 1962, the government produced 12 African Americans who detailed how when they went to city hall to register to vote, Theron Lynd, serving as the county’s circuit clerk would tell them they had failed to meet the requirements to become a registered voter in Forrest County, Mississippi. The 12 witnesses said they were never told why they failed to meet the requirements. They just kept hearing No. Bear in mind each of the 12 had tried numerous times to register, but would ultimately come to the same fate. The U.S. Government found that Mr. Lynd was applying a different set of standards in registering white voters. They were not given written tests, as was the case with African American registrants, and were registered upon request.

Why then, in a book entitled The Investor’s Bill Of Rights do I bring up a voting rights discrimination case that was settled 57 years ago? Reverend Wayne Pittman, one of the people called to testify in the case, was interviewed on the CBS Reports broadcast and he described what it was like to be denied the right to vote. He said, A voteless man is a hopeless man. To me I can’t think of a worse thing to experience than being hopeless. It’s counter to the founding principles of the United States of America: Life, Liberty, and the Pursuit of Happiness. I see a lot of similarities between Reverend Pittman’s comments and the growing sentiments of people when it comes to investing