When you become interested in a stock or mutual fund you can call your broker and he will send you reports on how the company is doing, what their management is like and what might be the projected earnings for the company and how the industry is doing. Great information.
You will apply yourself to this mound of papers to determine if you want to buy the equity. You might also send for more reports from independent analysts such as Morningstar. You will become buried in papers. That is what the brokerage company wants. The reason is very simple. If you buy the stock after doing all that research and it goes down instead of up they are not responsible for your stupidity. Of course, if it goes up they can take credit for providing all that great information.
Now let's think for a minute. You received all that information that was already printed so it could be sent to you. It makes me ask when was that printed? How old is the information? If I can get all this stuff about the company it means that anyone can. What it boils down to is the information is just that - information and none of it will tell you that the stock will go up further because the whole world knows.
These brochures are made to help you BUY not SELL. In my years of experience I call them a work of fiction. No brokerage company is going to issue a bad report about a company at least until it is ready for bankruptcy and by then your investment dollars have disappeared.
I know your next question. If I can't rely on those reports how am I going to buy anything? There is a better way. You will want to see the price action of the stock or mutual fund. All stocks undulate as they go up or down and you want to know the major trend.
On the Internet you can go to a web site www.bigcharts.com and type in the symbol of the stock or fund and request a weekly chart going back for about to 5 years. What you are interested in is what is it doing during the past 6 months to one year. If the trend is up it is a buy and if the trend is down or sideways don't buy it or if you own it sell. See how easy that is. Brokers and financial planners won't like it because it takes all the mystery out of buying stock and they don't want you to know this simple procedure.
Analyst reports give you lots of useless information, but will not tell if the stock will go up after you buy it. If it isn't going up don't buy 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
recurring maid service Buffalo Grove ..A common problem I often see when working with living... Read More
Let's hope you did not have any of the Enron... Read More
Mutual funds are doing more and more to discourage investors... Read More
Inverted interest rates? What's that? Who cares? Even if you... Read More
Jack and Jill went up the hill to fetch a... Read More
For the last few weeks we have seen the stock... Read More
After some forty years of banking and investments, I retired... Read More
An investor can find and research the best stock on... Read More
The greatest stock market myth is the idea that investing... Read More
Mutual fund investing is a lot like Thai cooking. Everyone... Read More
It has often been said that there is only two... Read More
If you are a baby boomer, time is not on... Read More
Ever wondered what is a mutual fund? A mutual fund... Read More
Is really not as important as to how you invest... Read More
When it comes to buying a stock or mutual fund... Read More
One of the great "secrets" of successful people is discipline... Read More
As an investor you will want to check out any... Read More
The trading method you employ to approach the stock market... Read More
Refuse is a serious issue in any society, about as... Read More
You should ignore analysts on TV, the radio, the newspaper... Read More
With the stock market stubbornly refusing to settle down and... Read More
I know there are a lot of you out there... Read More
Most people think the stock market is a zero sum... Read More
Why? Because I am going to shatter your conventional wisdom... Read More
If you are serious about making and keeping money by... Read More
premium house cleaning Glenview ..You must take the time once a month to review... Read More
Most people think the stock market is a zero sum... Read More
The stock market can present you with a lot of... Read More
Picking a beaten-down stock requires a different kind of selection... Read More
An investor can find and research the best stock on... Read More
How many times have you said to yourself, "I'd like... Read More
Congress recently passed another new law that is supposed to... Read More
Every day in any financial publication you will find the... Read More
Being wrong is OK, but let's not carry it to... Read More
The fight continues to rage among traders who use technical... Read More
Many people would like to diversify their portfolios to expand... Read More
During the day I watch CNBC-TV, the stock market channel.... Read More
Just 30 years ago the stock market was a shadow... Read More
I have watched my cat play with a bag of... Read More
The big bad bear is stirring again. So far he... Read More
∙ Make every investment in the stock market a long-term... Read More
Are you paying any attention to your retirement savings? Do... Read More
Let's assume that you want to make some serious money... Read More
You have a lock on your house. You have a... Read More
What are you thinking when it comes to your no... Read More
Every stock market investor faces one primal enemy. An enemy... Read More
For the year 2000 we have seen hundreds of mutual... Read More
You've decided to try your luck at trading stocks or... Read More
There are red lights, green lights, blue lights and spot... Read More
The Law of Chaos is the theory of random unpredictable... Read More
Stocks & Mutual Fund |