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June 20, 2008


Surviving on $900,000 a Year

From Richard Russell, who will turn 84 next month.

“I feel that I’m entitled to write whatever I want, as long as I don’t bore my subscribers silly (to the point where they cancel their subscriptions). And even if you do cancel –

I’ve now got 10,300 subscribers, which is about the most I’ve ever had in 50 years of writing Dow Theory Letters — so even if 10% or 20% of my subscribers cancel because they’ve had enough of me, that’s OK. I can support the folks I need to with 3,000 subscribers.”

I’m a big fan of Russell and hope that within five years I can have at least 1% of his current number of subscribers. :-)

This entry was posted on Friday, June 20th, 2008 at 11:16 am (utc+8) and is filed under Internet/Media.

3 Responses to “Surviving on $900,000 a Year”

  1. lionel said:
    June 20th, 2008 at 1:53 pm

    Wow …… Holy molly ……
    10k subscriber ….
    that’s awesome :p

    I saw his subscription was like $300/year?
    that would be around like …. $3M a year? :P

  2. C. Maoxian said:
    June 20th, 2008 at 3:49 pm

    lionel: Yes, $300 a year. I am on track to make around $3K a year from my newsletter. :-) (Beats the heck out of Google ads.)

  3. v838mons said:
    June 21st, 2008 at 4:05 am

    by far the best $300 anyone even remotely involved in the market [or interested in learning about markets, charts / technical analysis / trading, etc] can spend… and he kept the price at $250/year practically forever before the recent increase… Russell is a must read for any/all “serious” student…

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