This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Don't Send Your Kids to College

This is an excerpt from James Altucher's just-released book, The Forever Portfolio. For the first excerpt, please click here.

Things are simpler than they appear. I'll give you an example. Let's say you want to beat everyone in your family at Scrabble. You have two choices. You can read every book you can find, build an enormous vocabulary, look up the definitions of words you don't know (that will help you remember them better) and use your advanced knowledge, painstakingly constructed over years, to defeat all opponents.

Or you can remember the following five words: "xi," "xu," "za," "qi," and "qat." "Ka" and "ki" are not so bad either. And every now and then "aa," "ae," and "ai" can prove incredibly useful. These are all legal words in the last edition of the official Scrabble dictionary. What do they mean? I have no idea. You don't need to know. Somehow, though, za is slang for pizza. I've never heard that before, nor will I ever use the word za in place of pizza. Apparently it's used on the West Coast, but I've never heard anyone from there use the word "za". Apparently, people from Trenton, N.J., use the phrase "tomato pies" instead of pizza, but I grew up 20 minutes from there and never heard anyone use that phrase either. Some things are mysteries.

Once you are OK with the fact that "xu" is a legal word, then that means you can essentially slap that "X" down on a triple-letter score with much greater ease than any of your opponents really thought possible. While they are all stuck with their Qs and Zs, you're racking up 50-point two-letter words and winning the game. The same goes for poker.
1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DNDN $0.06 -6.02%
GS $189.12 0.24%
GOOG $748.82 0.07%
GM $36.34 0.33%
SIRI $4.12 0.12%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs