"If you don't know where you are going, any road will get you there."
This very much applies to the your retirement plans especially if you are investing in the stock market. The proverb clearly states you need to know where you are going and how to get there. Right now, do you know how much money you are going to need to retire in the style you wish and, right now, do you have a plan to get that money put away?
Unfortunately, most people don't. Many are saving, but with no plan. Are you one of those who let his broker or financial planner do the investing for you? I sure hope not. When I owned my brokerage company I can tell you about 1% of these "experts" know how to make money. My definition of a broker is one who makes you broker.
Brokers will talk circles around you with all the usual Wall Street smoke and mirrors. Their two great myths are "Buy and Hold" and "Dollar Cost Averaging", both of which don't work very well. And then they will mesmerize you with "Research" which is the greatest waste of time I can think of. Brokers are not taught how to make money and they don't even realize it. Their training is designed to keep the brokerage house from being sued. Brokers have been good students, but badly taught.
Let me prove that to you. If research was so good then why isn't every broker rich? He has access to more information than you will ever be able to get. The big wire houses subscribe to tons of information. Brokers seem to confuse information with money-making. Information is of no value at all if you can't turn it into the purchase of a stock or mutual fund that is going up.
I maintain you don't need to know anything about a stock or mutual fund. All you need to do is look at a chart of a particular equity and if it is going up at a 30-degree angle over the long term (last 3 months), then buy it. When it quits going up, sell it and find another one. Brokers will tell you this is too simplistic and won't work. As I said they have been badly taught.
If you are not happy with the returns on your investment portfolio you will want to reanalyze your goal. Set an amount. Change direction. Get on a better road to achieve that goal.
You cannot rely on someone else to do it for you. It is not their money, it is yours. No one will take the interest in that you do. Just do it!
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
Alto Pass chicago limos ..We all know the expression, "My country, right or wrong",... Read More
What! Me worry?Many of you remember the cover of MAD... Read More
The Macedonian Stock Exchange (MSE) is not operating successfully. True,... Read More
According to Investopedia Inc. the penny stock market has seen... Read More
The date October 13, 2000 will forever be embedded in... Read More
The bear market that showed up at the end of... Read More
Since I can remember, and that's a long time ago,... Read More
The stock market has not been very kind to your... Read More
We are already in it, but you can't see it.... Read More
A common problem I often see when working with living... Read More
On Monday, November 25, 2000 Investor's Business Daily listed on... Read More
How can you dispel an illusion unless you look directly... Read More
Exchange Traded Funds (ETFs) are a group of passive index... Read More
"If you don't know where you are going, any road... Read More
Everyone who follows the financial news has heard of mutual... Read More
The trash business in its efforts to cook their books... Read More
Most stock traders know that momentum trading can be a... Read More
If you have been dealing with mutual funds for any... Read More
You must take the time once a month to review... Read More
Everybody is riding the Wall Street Roller coaster. Even if... Read More
Ever notice how behavior in one area of life can... Read More
I constantly hear the talking heads on CNBC-TV, the radio... Read More
Today we are inundated with tons of information about the... Read More
With an insecure job market, overworked employees, insufficient retirement savings... Read More
As an investor you will want to check out any... Read More
Alto Pass cool limo ..Day trading is all about making buy and sell decisions.... Read More
Picture one of those clubs where only the real heavyweights... Read More
Spread trading is a technique that can be used to... Read More
With all the bad news that has been dumped upon... Read More
The Dow Theorycharles h. dowcharles h.... Read More
The Macedonian Stock Exchange (MSE) is not operating successfully. True,... Read More
One of the most believed bits of conventional wisdom from... Read More
For the last few weeks we have seen the stock... Read More
It is wonderful to be alive in the information age.... Read More
The Winter Games for the Olympics are coming up soon... Read More
As I said in Part I everyone in the insane... Read More
Reduce your investing and stock market risks by:Setting your sights... Read More
What are you thinking when it comes to your no... Read More
Every Wall Street analyst, financial planner and broker will tell... Read More
The Surgeon General of the United States says that smoking... Read More
Financial markets provide their participants with the most favorable conditions... Read More
There is a current movie entitled "Eternal Sunshine of the... Read More
A common problem I often see when working with living... Read More
Every broker and financial planner will tell you that you... Read More
Have you been listening to the talking heads on CNBC-TV?... Read More
During our travel down life's path we come to many... Read More
Before we get into all the good news out there,... Read More
If you have talked to a stock broker or financial... Read More
Ever done any whitewater rafting or canoeing? Long periods of... Read More
What is leverage?Here is a definition of leverage from an... Read More
Stocks & Mutual Fund |