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 Winnetka ..First let's see what protectionism is. According to Mr. Webster... Read More
For the last 12 years we have seen the Japanese... Read More
When you stand on the ocean shore and watch the... Read More
The basis of diminishing return discussions surround such simple notions;... Read More
Ever have one of those sample boxes of candy? Each... Read More
If you want one.And I don't recommend any broker with... Read More
What can I expect to make my first year of... Read More
Both the stock market and oil prices rallied recently, which... Read More
You have heard about a particular mutual fund from a... Read More
Every broker and financial planner will tell you that you... Read More
Hello Inflation, it has been awhile, I see you on... Read More
I am hearing predictions by brokers, financial planners, talk show... Read More
Minority Report the movie may not be far off if... Read More
A Guide to Using Stop Loss Orders Stop losses are... Read More
If you are fed up with early redemption charges and... Read More
I often hear from people, "I don't trade. I invest.... Read More
When it comes to mutual funds, there is a lot... Read More
The fight continues to rage among traders who use technical... Read More
A recent cartoon in my daily newspaper showed two guys... Read More
What! Me worry?Many of you remember the cover of MAD... Read More
An insane person cannot evaluate an insane evaluation system.As you... Read More
Before you embark upon a journey of trading stocks or... Read More
One Saturday morning, while he was sitting at his computer... Read More
Mutual funds and brokers are always preaching not to buy... Read More
Even if you don't own any of their stock or... Read More
last minute cleaning help Highland Park ..A few years back ? it seems like an eternity... Read More
If you have a pension plan at work you will... Read More
Because there are so many stocks that are NOT paying... Read More
The Bollinger Band theory is designed to depict the volatility... Read More
I continually hear from economists, talking heads, other market letter... Read More
Cat or dog? Maybe Zebra. Shucks, I don't know, but... Read More
Did you know you can make money (and a lot... Read More
For the year 2000 we have seen hundreds of mutual... Read More
One of the greatest challenges of investing in stocks is... Read More
Why? Because I am going to shatter your conventional wisdom... Read More
How can you dispel an illusion unless you look directly... Read More
Every Wall Street analyst, financial planner and broker will tell... Read More
Dollar cost averaging is one of the most popular ideas... Read More
Ever have one of those sample boxes of candy? Each... Read More
If you don't know where you are going any road... Read More
The broker told me not to sell because the mutual... Read More
The Dow Theorycharles h. dowcharles h.... Read More
Caught in a whirlpool and being sucked under. No life... Read More
Among the largest forces that affect stock prices are inflation,... Read More
What does it take to be a stock trader? It... Read More
Today we are inundated with tons of information about the... Read More
One of the great "secrets" of successful people is discipline... Read More
One of the basic laws of physics states that a... Read More
I was recently interviewed for a press release through a... Read More
You must take the time once a month to review... Read More
Stocks & Mutual Fund |