03/28/2008 02:45 am ET Updated May 25, 2011

Three Ways To Get Richer Next Year

How are you holding up during the Writers Guild of America strike out in Hollywood? With freshly scripted programming drying up, the next few weeks will be challenging unless you relish a steady diet of reruns, reality television, and reruns of reality television.

I've got a plan. It may or may not make you richer, but it will make you smarter.

See that plug on your television set? Good. Yank it.

I'm hurting for entertainment as much as the next guy, but I've always believed that when life gives you lemons, you open a tequila bar. This is the best time to profit from the lull in programming. If you have spare time now away from the boob tube, use it to brush up on ways to become a better investor.

I have a few tips to get you started. Some will take you less time than the hour you were going to spend watching Desperate Housewives or CSI.

1. Get up to speed with fundamentals
Is your portfolio making promises that your due diligence can't keep? It's perfectly natural. Most investors start out as speculators, running with stock tips before they understand what truly drives the markets or how to value a company.

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