"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.
Copyright 2005
detailed home cleaning Park Ridge ..What the heck am I talking about?It is often said... Read More
You should ignore analysts on TV, the radio, the newspaper... Read More
Before they go over the cliff to their destruction these... Read More
We keep hearing about this bear market and that the... Read More
Mutual funds are doing more and more to discourage investors... Read More
Having lived aboard a sailboat for 2 years I was... Read More
The Winter Games for the Olympics are coming up soon... Read More
Options trading can increase the profits you make when trading... Read More
Are you attracted to the idea of being in control... Read More
Wouldn't it be nice if you were only in the... Read More
Ever turn down a street, get half way and suddenly... Read More
Three little pigs went to the market to stock up... Read More
With over 6,000 mutual funds available, it may be tempting... Read More
After the publication of the first part of this two... Read More
Outlined below are some of the advantages and disadvantages of... Read More
You have decided to buy some stock or mutual funds,... Read More
There are formulas for just about everything, but it has... Read More
Cat or dog? Maybe Zebra. Shucks, I don't know, but... Read More
On Monday, November 25, 2000 Investor's Business Daily listed on... Read More
Day trading is all about making buy and sell decisions.... Read More
What is leverage?Here is a definition of leverage from an... Read More
Look back over the years and try to remember how... Read More
Someday you may want to retire and continue to live... Read More
Its dinnertime and the phone rings. It's Joe Noname with... Read More
'Sector funds are too risky.' 'I doubled my money with... Read More
express cleaning service Des Plaines ..Because there are so many stocks that are NOT paying... Read More
I cringe every time I hear a novice investor tell... Read More
'Sector funds are too risky.' 'I doubled my money with... Read More
Hedge current portfolio positions and gain access to capital resources... Read More
"Buy and hold" is one of the most heralded investment... Read More
Cat or dog? Maybe Zebra. Shucks, I don't know, but... Read More
If you haven't heard of the technical indicator with the... Read More
It has often been said that there is only two... Read More
Three little pigs went to the market to stock up... Read More
Are hedge funds a suitable investment for you? Hedge funds... Read More
If you don't know where you are going any road... Read More
All of the talking heads have been telling us that... Read More
People are always asking me when should I sell my... Read More
Never lose money in the stock market again. Yeah, I... Read More
If you are a baby boomer, time is not on... Read More
Invest in the stock market for the RIGHT reason, using... Read More
I constantly hear the talking heads on CNBC-TV, the radio... Read More
Unfortunately, most of you who are reading my column are... Read More
Suppose your position has made a big move and you... Read More
Where is the beef? Or maybe it should be where... Read More
Because you don't feel too sure about which stock or... Read More
Having lived aboard a sailboat for 2 years I was... Read More
A PEG ratio cannot be used alone but is a... Read More
Every broker and financial planner will tell you that you... Read More
All stock trading and investing methods must deal with the... Read More
Stocks & Mutual Fund |