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
best cleaning company Lincolnshire ..It has fallen upon the consumer to make our economy... Read More
Since I can remember, and that's a long time ago,... Read More
The date October 13, 2000 will forever be embedded in... Read More
Someday you may want to retire and continue to live... Read More
Every publicly traded company is required by the SEC(Securities and... Read More
The debate rages all over Eastern and Central Europe, in... Read More
Mutual funds were created with the idea that one person... Read More
Success in small cap & micro cap stock trading like... Read More
All stock trading and investing methods must deal with the... Read More
With an insecure job market, overworked employees, insufficient retirement savings... Read More
Index Fund Trading can be one of the most profitable...or... Read More
It takes a total mental commitment to the task. It... Read More
The Surgeon General of the United States says that smoking... Read More
One of the greatest challenges of investing in stocks is... Read More
What a great statement!I just heard someone use it in... Read More
The broker told me not to sell because the mutual... Read More
On November 17 I bought 7 different mutual funds and... Read More
04/28/2005NASDAQ dropped -12.5% year to date in 2005. S&P500 index... Read More
As a novice trader, you'll often feel the need to... Read More
People are always asking me when should I sell my... Read More
I cringe every time I hear a novice investor tell... Read More
Stocks breakout from properly formed bases everyday but many investors... Read More
Every broker and financial planner will tell you that you... Read More
If you are serious about making and keeping money by... Read More
So you're started trading, you bought some positions with your... Read More
on demand house cleaning Lake Forest ..It is wonderful to be alive in the information age.... Read More
1. Do not spread your money too thin.My friend has... Read More
The stock market often closes a week in the middle... Read More
Where is the beef? Or maybe it should be where... Read More
One of the big advertising kicks today from mutual funds... Read More
What is the Series 7 Exam? If you... Read More
Now where have I heard that before? I know. It... Read More
I am sure that if you have a brokerage account... Read More
I don't know what kind it is, but I saw... Read More
If you've ever flipped on the television to CNN Financial... Read More
In one of my previous articles (Investing in the stock... Read More
Several times each month I am solicited by various market... Read More
I have been trading for several decades and was an... Read More
THERE'S SOMETHING TO BE SAID FOR standing firm in the... Read More
Every day I hear someone on CNBC proclaim that "this... Read More
After some forty years of banking and investments, I retired... Read More
With over 6,000 mutual funds available, it may be tempting... Read More
When it comes to stock market trading it PAYS to... Read More
"There is nothing more frightful than ignorance in action!" Johann... Read More
It has often been said that there is only two... Read More
In my opinion, due to the volatility of stock market... Read More
You have decided to buy some stock or mutual funds,... Read More
In November of 2000 when the NASDAQ was trading at... Read More
Disclaimer: Please note that I do not necessarily purchase, own,... Read More
IT'S REMINISCENT OF THE OLD children's tale about an old... Read More
Stocks & Mutual Fund |