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That is not buffet style. It is BUFFETT style. As in Warren Buffett, the Oracle of Omaha. I wish I would have paid closer attention to the investment style and advice of Warren Buffett when I was younger. Everyone today is talking about him as usual. He has quietly and humbly become the wealthiest man in the world. He did it by buying stocks in quality companies and holding on to them! He’s clearly outsmarted the so called experts.

Over the years I have had my share of investment strategies. Regretfully, when I was in my early 20s, I fell for a get rich quick scam. I invested $1200 into silver options in the early 80s. Bad idea. The “advisor” was almost guaranteeing a huge return. It was a total sham. The price began dropping right after I purchased the option. It turned out to be a total loss. As a side, a few years later I received a certified letter informing me that their was a class action suit being filed against this company for fraudulent practices. Evidently, there were some people that had lost a lot more money than I and were trying to do something about it.

As bad of taste as that experience left me with, I learned my lesson. I spent the next years putting my money on growth stock mutual funds. Not a terrible choice. These were the highest rated no load mutual funds. Those funds ended up paying off debt and funding two businesses.

As fate would have it, last year I caught this interview on television with a guy named Phil Town. He had just written the New York Times bestseller Rule #1, a book detailing how he literally turned $1000 into $1,000,000 (million). At first I thought he was just another scam artist, until I started listening to what he was saying. There was no hype, no fluff. He talked about the wisdom of investing in companies that are rock solid. Companies that had discounted prices on their stock. Companies that had a long history of great returns. It was the Buffett philosophy of buying interests (stock) in great companies. I bought the book and carefully considered its contents. It just doesn’t talk about it, it shows you how. Jim Cramer, of Mad Money, gave a glowing endorsement by writing Rule #1 may be the clearest read that tells you precisely how to do it.

It has provided a blueprint for my investment strategy for the next 20 years. From 50 to retirement. I will be sharing my success or failure here with you. I hope to encourage others that have limited time left to invest and build up their savings.

I took action last July. I had a small amount of money (2k) that I had sitting in a retirement fund doing nothing. I moved it into a Roth IRA and invested in a company I chose based on the guidelines I have recently learned.

The guidelines in a nutshell? To quote Warren Buffett, here’s the process. “Our method is very simple. We just try to buy businesses with good to superb underlying economics run by honest and able people and buy them at reasonable prices. That’s all I am trying to do.”

As of today, that investment is up 70% in the past 8 months. What is the stock? How did I come to choose it? That in a post coming very soon.