The recent criminal fiasco in the mutual fund industry is being used by Wall Street to persuade investors that market timing is a bad thing. The late trading by Janus, Bank America and several other well known mutual funds is falsely being called market timing.
Wall Street, better known as Maul Street to most investors, does not want to you to find out about market timing. The reason is very simple. If you learn to sell you might take your funds and do something intelligent with them.
First let's understand what market timing is. Very simply it is a proven method that gives signals to buy and another signal to sell. Many of these methods are associated with stocks and mutual funds yet there are those that signal overall market conditions. We are on the verge of another sell signal for the general market and several market timers have already given those signals to sell. There are many excellent systems and they all beat the Wall Street lie of Buy and Hold. The key to all market profits is selling not buying.
The criminal acts of the mutual funds had nothing to do with this method. The hedge fund managers knew the stock holdings of the mutual funds in question and AFTER the market closed companies would make announcements of their earnings, new products approved by the FDA, legal actions, etc. that would definitely impact upon the stock price the NEXT day. If it was good news the fund would allow big money players to place their orders after all official trading stopped. That's 4:00PM New York time.
The fund price might be $20 per share, but depending upon the amount of stock in their portfolio it might make the settlement price the next day as much as 5% higher. That doesn't seem like much, but if you had shown a purchase of 10 million dollars on the close that day and sold it out the next day you would have a profit of $500,000. That is money removed from the fund that belongs to the shareholders. This is NOT timing. This is fraud and the parties should not only repay all those stolen monies to the fund, but should also see jail time and be banned from the industry for life.
If you want to find out more about market timing type in 'market timing' on your computer and do a search. There are scores of them, but you must do your due diligence to be sure that what they are telling you is true. Always ask for references. Make them prove what they say. Don't bother to ask your broker as he will tell you the Wall Street lie that it doesn't work.
Because of the precarious nature of this market I encourage you to look into this NOW.
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
tidy up service Glenview ..The Dow Theorycharles h. dowcharles h.... Read More
As the man said, "I've got some good news and... Read More
Before you buy another car you walk around the lot,... Read More
That sounds like good advice doesn't it? Don't lose all... Read More
Exchange Traded Funds (ETFs) are a group of passive index... Read More
How can you dispel an illusion unless you look directly... Read More
Just about now everyone is confused as to which way... Read More
The following are a list of nine things you want... Read More
Are hedge funds a suitable investment for you? Hedge funds... Read More
There are so many kinds of work that needs to... Read More
With over 6,000 mutual funds available, it may be tempting... Read More
(1) Stock Market is Tough Place to Make Any Money... Read More
Among the largest forces that affect stock prices are inflation,... Read More
To begin, you might look at playing the stock market... Read More
An investor can find and research the best stock on... Read More
After some forty years of banking and investments, I retired... Read More
How do you invest? What do you really pay? At... Read More
There can't be many traders who haven't at least considered... Read More
You probably have been told that options are risky. Even... Read More
Stock trading remains a very competitive field and the stock... Read More
We are already in it, but you can't see it.... Read More
During the day I watch CNBC-TV, the stock market channel.... Read More
Every day I hear someone on CNBC proclaim that "this... Read More
Dollar cost averaging is one of the most popular ideas... Read More
You've decided to try your luck at trading stocks or... Read More
full-service cleaning Mundelein ..When most analysts, financial planners, fund specialists and investors try... Read More
I was devastated!I just couldn't believe it. I was 10... Read More
Investors who exclusively use broadly diversified, no load mutual funds... Read More
If you are a baby boomer, time is not on... Read More
Are you one of those many people who dread reading... Read More
Spread trading is a technique that can be used to... Read More
Most advisors will tell you they can beat the market.... Read More
When it comes to stock market trading it PAYS to... Read More
Everyone who follows the financial news has heard of mutual... Read More
If there is one term over-used when talking about making... Read More
What does it take to be a stock trader? It... Read More
We've all heard of the stock market and probably have... Read More
Regardless of the fact that the world's stock markets have... Read More
"There is nothing more frightful than ignorance in action!" Johann... Read More
If you have a pension plan at work you will... Read More
If you are fed up with early redemption charges and... Read More
Just 30 years ago the stock market was a shadow... Read More
Sometime around 1980, can't remember exactly, there was a flight... Read More
For the last 12 years we have seen the Japanese... Read More
So you're started trading, you bought some positions with your... Read More
What the heck am I talking about?It is often said... Read More
Every year I go to the Money Show in Orlando,... Read More
Inverted interest rates? What's that? Who cares? Even if you... Read More
On Friday or Saturday evening my wife gets a movie... Read More
Now that you have some money burning a hole in... Read More
Stocks & Mutual Fund |