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
disinfecting cleaning services Buffalo Grove ..One of the great "secrets" of successful people is discipline... Read More
Last time we looked at the real performance of the... Read More
Three little pigs went to the market to stock up... Read More
Never lose money in the stock market again. Yeah, I... Read More
With an insecure job market, overworked employees, insufficient retirement savings... Read More
Did you run out to buy that duct tape yet?... Read More
After the publication of the first part of this two... Read More
For the last few weeks we have seen the stock... Read More
Now where have I heard that before? I know. It... Read More
Options trading can increase the profits you make when trading... Read More
Picking a beaten-down stock requires a different kind of selection... Read More
A recent cartoon in my daily newspaper showed two guys... Read More
I cringe every time I hear a novice investor tell... Read More
When the stock market is going up and all your... Read More
It has often been said that there is only two... Read More
Stock investment advice is easy to find. Do you get... Read More
When you invest in the stock market for ever-increasing cash... Read More
The following are a list of nine things you want... Read More
There is a current movie entitled "Eternal Sunshine of the... Read More
How often have you come across an advertisement or e-mail... Read More
Reach in your pocket and take out that big roll... Read More
Let's assume that you want to make some serious money... Read More
Quick, look out the window. It's raining. No, the sun's... Read More
A 'stock option' is a contract between two parties giving... Read More
Mutual funds are doing more and more to discourage investors... Read More
spotless home service Arlington Heights ..One of the main reasons many of us get into... Read More
After some forty years of banking and investments, I retired... Read More
The Macedonian Stock Exchange (MSE) is not operating successfully. True,... Read More
The ABC's of Stock Trading SuccessStock trading success...why is it... Read More
If you have talked to a stock broker or financial... Read More
The broker told me not to sell because the mutual... Read More
Mutual funds were moderately successful in creating a presence in... Read More
Investing in long-term financial vehicles give you the most gains... Read More
Ever turn down a street, get half way and suddenly... Read More
In my opinion, due to the volatility of stock market... Read More
Sometime around 1980, can't remember exactly, there was a flight... Read More
In his wonderful book, 'Multiple Streams of Income', best selling... Read More
When we go to the circus we see a trapeze... Read More
Recently I watched my favorite football team lose a vital... Read More
An insane person cannot evaluate an insane evaluation system.As you... Read More
Even if you don't own any of their stock or... Read More
Refuse is a serious issue in any society, about as... Read More
Dollar cost averaging is one of the most popular ideas... Read More
A stock market index is a statistical measure of changes... Read More
It depends on your level of understanding of the market... Read More
The stock market can present you with a lot of... Read More
The demand for world oil is increasing while world reserves... Read More
It seems that every day I turn on the TV... Read More
The Bollinger Band theory is designed to depict the volatility... Read More
Stock trading can be a very profitable activity. You can... Read More
Stocks & Mutual Fund |