The higher the market goes the more confusing are the "experts". In the September 14 issue of Investor's Business Daily newspaper we find the great prognosticators such as:
Sheldon Jacobs, editor of No-Load Fund Investor newsletter quoted that he is recommending having more cash in your portfolio.
Louis Navallier, manager of three aggressive mutual funds, remains very bullish. He says now is the time to load up on tech stocks.
John Wallace, another mutual fund maven now has become positive toward small-cap stocks for his mutual fund.
Any time you need someone to agree or disagree with you on anything in the stock market you can find a Wall Street "expert" who will agree with you. There is an old saying "The market climbs a wall of worry" and the higher it goes the more worriers there are. Yes, it is scary, but you have to make your own decisions and you can't listen to those people because if you check their past records you will find they have made some real "boo-boos". The experts are not as expert as they would like you to think.
Is there any way to figure out the stock market so you can have a good return on your money and still sleep at night? Yes, there is. You listen to the only "expert" you will ever have to. That is the market itself. And how do you do that? It is not as complicated as they would have you believe. Let me show you how simple it really is.
The first thing you need to know is if the market is going up or down. Right? You need a simple indicator. The plain vanilla one I recommend to the non-sophisticated investor is the S&P500 Index. Any time the S&P500 daily close is above its 200-day moving average the market is going up. When it falls below sell everything and go to cash. How simple can you get? You will find these numbers published every day in Investor's Business Daily.
Even though I am considered a professional trader (17 years an exchange member and floor trader) I no longer try to pick individual stocks. It is just too much work so I let other experts do it for me - FREE. I only buy no-load mutual funds that are in the top performing (never mind the category) 1% of all funds and are outperforming the S&P500 Index for the past 12 months. Not 3 years, not 5 years.
Don't get carried away with trading. The simple plan is watch the S&P500 Index and only look at your mutual funds once a month to be sure they remain in the top category. You will beat all the "experts".
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
http://www.mutualfundmagic.com; 1-888-345-7870
Airbnb cleaning service Arlington Heights ..Carefully thinking through your goal as a trader is of... Read More
Four blind men were asked to give a description of... Read More
There is nothing more exciting than finding an undervalued stock... Read More
Several times each month I am solicited by various market... Read More
Trading is a fascinating activity.There are so many layers to... Read More
An insane person cannot evaluate an insane evaluation system.As you... Read More
On Friday or Saturday evening my wife gets a movie... Read More
I receive emails from Morningstar. This company provides statistics and... Read More
One of the basic laws of physics is that a... Read More
Reduce your investing and stock market risks by:Setting your sights... Read More
With the stock market stubbornly refusing to settle down and... Read More
As GuruFocus updates the stock buys and sells of gurus,... Read More
Just about now everyone is confused as to which way... Read More
Investors who exclusively use broadly diversified, no load mutual funds... Read More
A 'stock option' is a contract between two parties giving... Read More
Everyone who follows the financial news has heard of mutual... Read More
Everything you invest in has risk so you want to... Read More
If you are going to be a winner in the... Read More
Duck! No I don't mean a quack, quack. I meant... Read More
Have you seen all those big full page ads for... Read More
I cringe every time I hear a novice investor tell... Read More
Someday you may want to retire and continue to live... Read More
The greatest stock market myth is the idea that investing... Read More
What can I expect to make my first year of... Read More
If you are a baby boomer, time is not on... Read More
reliable maid service Winnetka ..If you're a normal human being, your need to feel... Read More
Disclaimer: Please note that I do not necessarily purchase, own,... Read More
With the stock market stubbornly refusing to settle down and... Read More
With all the bad news that has been dumped upon... Read More
Over the past few months, several investment professionals have brought... Read More
Yesterday I received my monthly issue of MONEY magazine. This... Read More
04/28/2005NASDAQ dropped -12.5% year to date in 2005. S&P500 index... Read More
It looks like we have now entered a new bull... Read More
I'll bet with almost anyone that has stocks or mutual... Read More
"There is nothing more frightful than ignorance in action!" Johann... Read More
During our travel down life's path we come to many... Read More
On Friday or Saturday evening my wife gets a movie... Read More
In 1960 an engineer working for a watch company in... Read More
Are you attracted to the idea of being in control... Read More
There are red lights, green lights, blue lights and spot... Read More
On Monday, November 25, 2000 Investor's Business Daily listed on... Read More
So you're started trading, you bought some positions with your... Read More
Reduce your investing and stock market risks by:Setting your sights... Read More
As I said in Part I everyone in the insane... Read More
Investors who exclusively use broadly diversified, no load mutual funds... Read More
You read and hear a lot about hedge funds. Unfortunately,... Read More
I continually hear from economists, talking heads, other market letter... Read More
Among the largest forces that affect stock prices are inflation,... Read More
The fight continues to rage among traders who use technical... Read More
When you invest in the stock market for ever-increasing cash... Read More
Stocks & Mutual Fund |