How can you dispel an illusion unless you look directly at it? The magician distracts the eye with one hand while he does his manipulation with the other. You are looking in the wrong place and not seeing what is actually happening.
Wall Street has mastered this move even beyond the wildest dreams of Houdini. Investors have become so mesmerized by the smoke and mirrors that they believe the large brokerage houses are telling them the truth.
One of their master distractions has you believing that research is necessary to be able to pick a winning stock or mutual fund. All research is facts and figures which is nothing more than disinformation. Think. That long report by some analyst came from sources available to anyone and everyone, therefore, it is worthless. If everyone knows it then all that information is already reflected in the current price of the stock.
Just because you have information and it seems so good that doesn't mean the equity price is going to go up. Those beautiful pink, green and yellow tout sheets sent to you by some broker have you looking in the wrong place just as the magician does while he is picking your pocket. Sound familiar?
The annual report is a beautiful document. Slick paper and in full color, but those footnotes are hard to read. You know the old saying: "they give it to you in the big type and take it away in the small type". More of the magician's tricks. Did it occur to you that much of the content of the annual report is a year old? Is that going to tell you if the stock is going to go up tomorrow or next week?
Another distraction by the master magician is the prospectus. I have written these so I know how they can be manipulated. The most important thing to remember is they were not written for the investor. They are written so some Dilbert lawyer in his cubicle at the SEC in Washington will see that it meets all the regulations. There is practically no difference in the content of a winner and a loser.
So much of what comes out of Wall Street is sleight of hand and smoke and mirrors. You must stop and ask yourself, "Is knowing this going to make me any money?" In all likelihood it won't. Almost every analyst recommendation put out by brokerage companies is already ancient history and of no value. The Securities and Exchange Commission (SEC) in Washington is now investigating allegations that analysts have become salesmen for their brokerage companies and are told not to issue negative reports on any company no matter how poorly they perform.
Become aware of the magician's tricks and watch out for that other hand he has in your pocket.
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
http://www.mutualfundmagic.com; 1-888-345-7870
Wood Dale Chicago prom limo .. Lockport Chicago limo O’HareOn Friday or Saturday evening my wife gets a movie... Read More
Trading is a fascinating activity.There are so many layers to... Read More
"If you don't know where you are going, any road... Read More
This is an extract of an article which was first... Read More
Why? Because I am going to shatter your conventional wisdom... Read More
Are you one of those many people who dread reading... Read More
Time to look back2004 is over, now we are in... Read More
Investors who exclusively use broadly diversified, no load mutual funds... Read More
What is leverage?Here is a definition of leverage from an... Read More
It is wonderful to be alive in the information age.... Read More
To become a successful trader you must have some kind... Read More
Just about now everyone is confused as to which way... Read More
It looks like we have now entered a new bull... Read More
Analyzing growth stocks is an important focus for any investor.... Read More
1. Do not spread your money too thin.My friend has... Read More
Reduce your investing and stock market risks by:Setting your sights... Read More
We learnt the following the hard way! If any of... Read More
How do you make money without picking tops and bottoms?I... Read More
I am taking the time to help others learn the... Read More
To begin, you might look at playing the stock market... Read More
At some time in your life you have been on... Read More
Are hedge funds a suitable investment for you? Hedge funds... Read More
A stock market index is a statistical measure of changes... Read More
How can you dispel an illusion unless you look directly... Read More
With the internet such a huge part of our daily... Read More
Antigo wedding limo ..One of the big advertising kicks today from mutual funds... Read More
We've all heard of the stock market and probably have... Read More
The fight continues to rage among traders who use technical... Read More
Reach in your pocket and take out that big roll... Read More
Exchange Traded Funds (ETFs) are growing. Investors are choosing low... Read More
Just about everything you have been told about Social Security... Read More
When you become interested in a stock or mutual fund... Read More
After finding the price of a particular stock, usually the... Read More
Last time we looked at the real performance of the... Read More
I use the P/E ratio as a secondary indicator for... Read More
The single most expensive stock market trades are those made... Read More
I was recently interviewed for a press release through a... Read More
The Law of Chaos is the theory of random unpredictable... Read More
I have a 2-car garage. There are nice shelves on... Read More
If you have been watching the stock market at all... Read More
The stock market often closes a week in the middle... Read More
What are you thinking when it comes to your no... Read More
A 'stock option' is a contract between two parties giving... Read More
I am sure that if you have a brokerage account... Read More
If you haven't heard of the technical indicator with the... Read More
Ever notice how behavior in one area of life can... Read More
Starbucks earnings are up again and so is their stock... Read More
The broker told me not to sell because the mutual... Read More
If you go to Haiti or other places in the... Read More
We learnt the following the hard way! If any of... Read More
Stocks & Mutual Fund |