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
maide service in Lincolnshire ..Forget making a profit; instead focus on the income provided... Read More
With the internet such a huge part of our daily... Read More
There is a current movie entitled "Eternal Sunshine of the... Read More
This is a rather simple strategy with which I am... Read More
Intervention. Now don't let that big word scare you. The... Read More
Quick, look out the window. It's raining. No, the sun's... Read More
The broker told me not to sell because the mutual... Read More
Have you ever thought of investing? Do you have a... Read More
The World Bank claims that some two billion of the... Read More
Caught in a whirlpool and being sucked under. No life... Read More
Outlined below are some of the advantages and disadvantages of... Read More
One of the basic laws of physics states that a... Read More
Ever turn down a street, get half way and suddenly... Read More
People are constantly asking me why is the stock market... Read More
Suppose your position has made a big move and you... Read More
There are so many kinds of work that needs to... Read More
We are already in it, but you can't see it.... Read More
When it comes to mutual funds, there is a lot... Read More
If you go to Haiti or other places in the... Read More
When an individual investor wants to roll up his sleeves... Read More
On November 17 I bought 7 different mutual funds and... Read More
Several times each month I am solicited by various market... Read More
We keep hearing about this bear market and that the... Read More
If you're a normal human being, your need to feel... Read More
There are many important things you need to know to... Read More
cleaning lady near Deerfield ..Index Fund Trading can be one of the most profitable...or... Read More
I am sure that if you have a brokerage account... Read More
We've all heard of the stock market and probably have... Read More
Every day on CNBC-TV they show a 200-day moving average... Read More
Humpty Dumpty had a great fall and all the King's... Read More
Sometime around 1980, can't remember exactly, there was a flight... Read More
With an insecure job market, overworked employees, insufficient retirement savings... Read More
Trading is a fascinating activity.There are so many layers to... Read More
If you don't know what a Roth IRA is then... Read More
It has been said that low cost or even free... Read More
I constantly hear the talking heads on CNBC-TV, the radio... Read More
When it comes to stock market trading it PAYS to... Read More
Analyzing growth stocks is an important focus for any investor.... Read More
For weeks, no, months we have been bombarded with nothing... Read More
You read and hear a lot about hedge funds. Unfortunately,... Read More
One of the great truisms of Wall Street is "Don't... Read More
Right now there doesn't seem to be any "gold fever".... Read More
Investing in long-term financial vehicles give you the most gains... Read More
Last time we looked at the real performance of the... Read More
The Macedonian Stock Exchange (MSE) is not operating successfully. True,... Read More
Everybody is riding the Wall Street Roller coaster. Even if... Read More
Minority Report the movie may not be far off if... Read More
Everyone who follows the financial news has heard of mutual... Read More
If you have a pension plan at work you will... Read More
If you are going to be a winner in the... Read More
Stocks & Mutual Fund |