If you go to Haiti or other places in the Caribbean you may run into the Voodoo tradition of magic. There are long and mostly noisy rituals with the medicine man spouting words that bring great power and conjure up whatever it is the supplicant desires. Great amounts of smoke and mirrors.
Does this remind you of anything?
I hear the mesmerizing words of my broker telling me about a wonderful stock. He produces multicolored charts and graphs that dazzle my eyes. His chanting is "BUY, BUY, BUY". I can't resist. He has me under his spell. Thus the magic of Wall Street. Great amounts of smoke and mirrors.
Brokerage houses and mutual funds only want you to do one thing ? BUY and HOLD. Never sell.
To escape the hold of these magicians you must start to think for yourself. I am sure you realize that for the past 3 years you have been losing money. The recent rally has returned some of your losses and Maul Street wants you to hang in there as the rest of your money will be returning. Maybe. If the broker (magician) keeps doing what he has been doing you are going to get more of the same results. If you have lost 30 to 50% of your savings during the past 3 years don't you think you could do as well without the "help" of a broker or financial planner?
OK. No more glossy colored folders (smoke and mirrors) about how wonderful a company is. If you know it then so does everyone else. This type of 'research' is worthless. Leave that to the mutual fund managers. It seems to be what they do best - or is it worst?
Wall Street preaches the lie that if you hold you will make money, but that is only half the story. You have to be able to hold for 30 years. Oh, they forgot to tell you that?
The most important thing about the stock market is not buying ? it is selling. Did you realize that every 10 years about 40% of the S&P500 index changes? Mr. Standard and Mr. Poor realize you can't hold onto a loser so they drop out the weak ones and replace with stocks that are going up.
You want to be in the market when it is going up, not down. You have to know when the market is going up and that is called market timing. It is not cheating by late trading; it is understanding that the long term trend is up (or down) and you want to own funds at the time (or be out of the market entirely). A broker or financial planner will not help you, but it is very easy to learn. Go to the search engine called www.Google.com and type in market timing. You will be flooded with information.
You must to get out from under the Voodoo spell of Buy and Hold as it is a guaranteed loser.
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
tidy up service Glenview ..Mutual funds were moderately successful in creating a presence in... Read More
Sometimes the best way of lowering exposure to risk is... Read More
Refuse is a serious issue in any society, about as... Read More
Let's first define insanity. It is doing the same thing... Read More
When you become interested in a stock or mutual fund... Read More
When is a dividend not a dividend?The latest thing "conservative"... Read More
I made my very first investment in the stock market... Read More
The stock market is very unstable at this time going... Read More
Right now there doesn't seem to be any "gold fever".... Read More
I am hearing predictions by brokers, financial planners, talk show... Read More
This is an extract of an article which was first... Read More
One of the basic laws of physics is that a... Read More
For some "long term" would mean holding a stock position... Read More
"Buy and hold" is one of the most heralded investment... Read More
If you've ever flipped on the television to CNN Financial... Read More
The Law of Chaos is the theory of random unpredictable... Read More
You must take the time once a month to review... Read More
Having lived aboard a sailboat for 2 years I was... Read More
This is the continuing story of our two imaginary traders,... Read More
"If you don't know where you are going, any road... Read More
At some time in your life you have been on... Read More
It takes a total mental commitment to the task. It... Read More
According to Investopedia Inc. the penny stock market has seen... Read More
(1) CHK stock price $16.74, NAV $32.5CHK is my favorite... Read More
No, this is not a symbol for some Latin number.... Read More
maid service near Winnetka ..On the 40 year journey through the turmoil of a... Read More
This is an extract of an article which was first... Read More
What is leverage?Here is a definition of leverage from an... Read More
I have been trading for several decades and was an... Read More
Hello Inflation, it has been awhile, I see you on... Read More
How do you make money without picking tops and bottoms?I... Read More
If you've ever flipped on the television to CNN Financial... Read More
Jack and Jill went up the hill to fetch a... Read More
Forget making a profit; instead focus on the income provided... Read More
Are you attracted to the idea of being in control... Read More
In 1960 an engineer working for a watch company in... Read More
You have decided to buy some stock or mutual funds,... Read More
I constantly hear the talking heads on CNBC-TV, the radio... Read More
When you invest in the stock market for ever-increasing cash... Read More
Every day I hear someone on CNBC proclaim that "this... Read More
Options trading can increase the profits you make when trading... Read More
You've decided to try your luck at trading stocks or... Read More
∙ Make every investment in the stock market a long-term... Read More
Having lived aboard a sailboat for 2 years I was... Read More
As the man said, "I've got some good news and... Read More
It seems that every day I turn on the TV... Read More
A PEG ratio cannot be used alone but is a... Read More
Did you know you can make money (and a lot... Read More
The Macedonian Stock Exchange (MSE) is not operating successfully. True,... Read More
We need a rabbit!This was a pretty horrible week for... Read More
Stocks & Mutual Fund |