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.
tidy up service Glenview ..Let's first define insanity. It is doing the same thing... Read More
First let's see what protectionism is. According to Mr. Webster... Read More
Are you one of those many people who dread reading... Read More
Economists know more about how the fragments of society work... Read More
When is a dividend not a dividend?The latest thing "conservative"... Read More
The World Bank claims that some two billion of the... Read More
How do you make money without picking tops and bottoms?I... Read More
The fight continues to rage among traders who use technical... Read More
The following are a list of nine things you want... Read More
All stock trading and investing methods must deal with the... Read More
Forget making a profit; instead focus on the income provided... Read More
Just about everything you have been told about Social Security... Read More
Recently I was invited to appear on a live CNNfn... Read More
Time to look back2004 is over, now we are in... Read More
One of the greatest challenges of investing in stocks is... Read More
Exchange Traded Funds (ETFs) are growing. Investors are choosing low... Read More
Much like the middle child, mid-cap stocks have long struggled... Read More
As I have said many times before in this column... Read More
It has fallen upon the consumer to make our economy... Read More
Disclaimer: Please note that I do not necessarily purchase, own,... Read More
One of the great "secrets" of successful people is discipline... Read More
'Sector funds are too risky.' 'I doubled my money with... Read More
The stock market has been in an up trend for... Read More
For the year 2000 we have seen hundreds of mutual... Read More
Mutual funds are doing more and more to discourage investors... Read More
full-service cleaning Mundelein ..On Monday, November 25, 2000 Investor's Business Daily listed on... Read More
Hedge current portfolio positions and gain access to capital resources... Read More
Every year I go to the Money Show in Orlando,... Read More
A PEG ratio cannot be used alone but is a... Read More
I go to the Money Show every year to visit... Read More
As I have said many times before in this column... Read More
Since I can remember, and that's a long time ago,... Read More
When most analysts, financial planners, fund specialists and investors try... Read More
When it comes to 401k's there is an overabundance of... Read More
Hello Inflation, it has been awhile, I see you on... Read More
Whenever I see mutual fund comparisons in the trade publications... Read More
We all know that emotions control every decision that an... Read More
(1) Stock Market is Tough Place to Make Any Money... Read More
We've all heard of the stock market and probably have... Read More
If you don't know what a Roth IRA is then... Read More
Today we are inundated with tons of information about the... Read More
I have a 2-car garage. There are nice shelves on... Read More
This is an extract of an article which was first... Read More
With the internet such a huge part of our daily... Read More
We need a rabbit!This was a pretty horrible week for... Read More
The thinking process of the brain relating to the... Read More
It looks like the market is ready to start up... Read More
When you become interested in a stock or mutual fund... Read More
Stock trading remains a very competitive field and the stock... Read More
One of the basic laws of physics is that a... Read More
Stocks & Mutual Fund |