An Old Proverb for Investing

"If you don't know where you are going, any road will get you there."

This very much applies to the your retirement plans especially if you are investing in the stock market. The proverb clearly states you need to know where you are going and how to get there. Right now, do you know how much money you are going to need to retire in the style you wish and, right now, do you have a plan to get that money put away?

Unfortunately, most people don't. Many are saving, but with no plan. Are you one of those who let his broker or financial planner do the investing for you? I sure hope not. When I owned my brokerage company I can tell you about 1% of these "experts" know how to make money. My definition of a broker is one who makes you broker.

Brokers will talk circles around you with all the usual Wall Street smoke and mirrors. Their two great myths are "Buy and Hold" and "Dollar Cost Averaging", both of which don't work very well. And then they will mesmerize you with "Research" which is the greatest waste of time I can think of. Brokers are not taught how to make money and they don't even realize it. Their training is designed to keep the brokerage house from being sued. Brokers have been good students, but badly taught.

Let me prove that to you. If research was so good then why isn't every broker rich? He has access to more information than you will ever be able to get. The big wire houses subscribe to tons of information. Brokers seem to confuse information with money-making. Information is of no value at all if you can't turn it into the purchase of a stock or mutual fund that is going up.

I maintain you don't need to know anything about a stock or mutual fund. All you need to do is look at a chart of a particular equity and if it is going up at a 30-degree angle over the long term (last 3 months), then buy it. When it quits going up, sell it and find another one. Brokers will tell you this is too simplistic and won't work. As I said they have been badly taught.

If you are not happy with the returns on your investment portfolio you will want to reanalyze your goal. Set an amount. Change direction. Get on a better road to achieve that goal.

You cannot rely on someone else to do it for you. It is not their money, it is yours. No one will take the interest in that you do. Just do it!

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

scheduled cleaning services Winnetka ..

In The News:

New iPhone replacement scam uses pressure tactics and fake carrier calls to steal devices from buyers. Criminals claim shipping errors and demand urgent returns.

Amazon Ring's new facial recognition feature sparks privacy controversy as Electronic Frontier Foundation critics argue the AI upgrade expands surveillance risks.

New Android banking trojan Sturnus steals credentials, reads encrypted messages and controls devices.

Denmark's 3D-printed student village proves automation builds 36 apartments faster than traditional methods. Skovsporet project shows housing future.

Discover Android's new Sound Notifications feature that alerts you to smoke alarms, doorbells, and baby cries even when wearing headphones.

New SantaStealer malware reportedly threatens holiday shoppers with password theft. This Christmas-themed info-stealer targets browsers and crypto wallets.

The Christmas season brings a surge in Netflix phishing scams targeting shoppers with fake emails. Stacey P received convincing scam but verified account first.

San Francisco Giants invite Jamie Grohsong to throw ceremonial first pitch at Oracle Park after he learned to play baseball with a bionic hand following an injury.

FBI warns cybercriminals are stealing family photos from social media to create fake proof of life images in virtual kidnapping scams targeting victims.

Instagram's new 'Your Algorithm' tool lets you control your Reels feed in real time. The app now gives you power to customize what videos you see.

Major Marquis fintech breach exposes 400,000-plus Americans' data through unpatched SonicWall vulnerability, with Texas hardest hit at 354,000 affected.

Free up iPhone storage fast by clearing large photos and videos from Messages app. Simple steps for iOS users to delete attachments without losing chats.

Scammers are flooding inboxes with fake tracking alerts that mimic real carriers, exploiting the holiday rush to steal logins and personal data.

The Fox News AI Newsletter brings you the latest news on AI technology advancements and the challenges and opportunities AI presents now and for the future.

Texas family reunites with missing 11-year-old cat Grayson after 103 days using Petco Love Lost's AI photo matching technology and community help.

Tired of AI customer service loops? These insider tricks help you escape "frustration AI" and get real human help when you need it most for urgent issues.

Unlock richer audio from your streaming apps with simple tweaks to volume normalization, equalizer settings, and quality preferences for cleaner sound.

Scammers are sending fake Facebook settlement payout emails that mimic legitimate notices from the privacy settlement administrator to deceive users.

Holiday shopping scams surge as fake refund emails target distracted consumers during Black Friday and holiday seasons, costing Americans billions annually.

The AI-powered IRMO M1 exoskeleton features four modes, including turbo, eco, training and rest for hiking, running, cycling and sports with eight-hour battery life.

OpenAI announced upgrades for its ChatGPT Images platform on Tuesday, saying the program can now make more precise edits and produce images more quickly.

Chrome for Android now turns web articles into AI-powered podcast conversations. Get hands-free browsing with Google Gemini's natural audio summaries.

LastPass faces $1.6 million fine from U.K. regulators after 2022 data breach exposed 1.6 million users. Password manager failed proper security controls.

Petco disclosed a data breach exposing customer Social Security numbers, financial account details, and driver's license information due to a software error.

Baseball teams can now analyze complete swing mechanics in normal training environments using Theia's markerless AI system that processes standard high-speed footage.

An Old Proverb for Investing

Stocks & Mutual Fund