The sell-off in commodities stretched into the major market
indices today as we saw seeing selling across numerous sectors.
The selling comes even as two more big acquisitions were
announced, both with the acquirer offering a healthy premium to
last night's closing stock prices. Applied Materials (
) was down just a touch despite offering a 55% premium to Varian
) Tuesday closing stock price. Conagra Foods (
) actually closed 3% higher on news of its offer for Ralcorp (
). It will be interesting to see if General Mills (
) or Kellogg (
) decide to get in the bidding as Ralcorp, which owns the Post
Raisin Bran and Shredded Wheat cereal brands.
Elsewhere, earnings results pulled down shares of Devon Energy (
), Time Warner (
), Kellogg (
) and Agrium (
). Also, shares of Norfolk Southern (
) finished lower following an analyst downgrade. Speaking of
transports, CSX Corp (
) announced a 3-for-1 stock split. The company has been an
outperformer lately and a name we are keeping a close eye on.
Quick note: we added a new dividend stock to our
Best Dividend Stocks List
earlier today. Be sure to check out the link below if you did not
read the e-mail alert we sent out. You can also view our
full explanation of the upgrade here
Here are some more success anecdotes from our ongoing
1. Successful people learn to interpret information, while
others tend to simply react to it.
This is a critical part of one's ability to take success to
another level. Traders try to conquer this task on a daily basis,
while only a small percentage are able to consistently perform
better than majority of traders. For individuals, this can mean how
someone looks at investment opportunities not just in the markets,
but also in other areas. Chasing fads is a popular exercise for
many, but the smart ones identify the froth and now when it is best
to leave the party before profits disappear. Learning to decipher
what is vital to your tasks is one of the biggest keys to long-term
success. Simply accepting another person's viewpoint without doing
your own due diligence is a recipe for disaster, especially when
the stakes get higher over time.
2. Successful people can overcome financial setbacks, while
others cave in permanently.
This concept goes hand-in-hand with the ability to take some
calculated risks. Fear of failure paralyzes many from taking a shot
at their dream job or business venture. Remember what I said
recently about the regrets of the dying as expressed by nurses who
worked in hospice - many of those asked what they would do
differently if they could go back lamented they would've taken more
risks in their life. That's not to say you should be reckless, but
becoming the success you dream about will only come if you're
willing to get out of your comfort zone on occasion. It is easier
to take chances when you are younger of course, but I see many
older individuals opening businesses in their later years, as well
as investing well into their 70′s, 80′s, and beyond. The fact is,
you will be knocked down in life from time to time. Accept that as
fact and know that you will see occasional failures as part of the
overall success process.
3. Successful people overcome the odds, while others tend to
accept defeat easily.
Immigrants to the U.S. (which we all are if we look far enough
back in our ancestry) have proven this concept is true the last
couple of centuries. What could be harder than going to a foreign
land, not knowing the language, and having a family to support?
Some of the best business leaders the world has seen never even
graduated from college (Bill Gates is one recent example). The
desire to achieve comes from within, and when you are willing to
sacrifice the time required, the sky is the limit. Many people
dream of some day being their own boss, but the fear of working
more than the standard 9-to-5 hours they are accustomed to prevents
them from ever taking decisive action. As the CEO of a small
business myself, I never think about the hours of the day and
whether I am on "overtime." Whether it's checking e-mail at 6:00 in
the morning or 11:00pm at night, it's something you simply "do"
when you have pride in your business.
Thanks for reading, and I'll see you tomorrow! P.S. Please pass
this e-mail on to someone you think can use some financial
motivation as well as being kept in the financial news loop that
could affect them. Thanks again!
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here