What My Horse Had For Breakfast
Let's see, he had some oats, fresh alfalfa and his vitamins. I know from the mixture that is great food and he will win the seventh race this afternoon. He can't lose because of his diet and a great jockey will be riding him.
Kinda reminds me of what my broker (horse trainer) told me to do when I was selecting a mutual fund to buy. He said to check out what was in the fund (the mixture of stocks, like my horse's breakfast) and to see if there was a good fund manager (the jockey). I did what he said and carefully read the annual report and the prospectus too. Sounds great so I bought it.
What I can't understand is I did all the things the horse trainer said I should and "Rocket", my horse's name, still came in 6th in an 8-horse race. All I wanted him to do is come in first and I can't say I'm crazy about that mutual fund either.
That fund has a 5-star rating, is managed by one of the great names on Wall Street and has 60 of the best known company stocks I can think of and yet it is going down. I am doing everything that conventional wisdom says I should, but I continue to lose. Is there and answer?
I am not so sure about the horse, but I know the conventional wisdom of Wall Street is mostly smoke and mirrors. I read the Annual Report, but I forgot that "annual" means that much of the information is over a year old. How much help can that be? And I forgot that the prospectus was not written to enlighten me, but for the bean counters in Washington. It is supposed to make available to me all the financial information I need to make a decision to buy. All of this research is nonsense, as it will not tell me the one most important thing I need to know - will the price increase so I can make a profit? Unfortunately, my broker is not going to be much help here either as he has been trained by the Wall Street method which has nothing to do with making money or protecting my capital.
Anyone can look up all kinds of information, but when it comes down to it ask this question: Will knowing all that stuff make me any money? I always figure that if I can find it out it isn't worth knowing any more because that information is already reflected in the price of the stock or mutual fund. So why bother?
Wall Street brokerage companies want you to do all that "research" because if what you buy doesn't go up they can say you knew everything about it before you bought it. It wasn't their fault you did not understand it.
I think I'll sell that horse. And quit listening to my broker.
Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make moneyand 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 doesnot want you to know.
5 Best Stocks to Buy in April The Motley Fool
43 Years of Investing Wisdom in Just Minutes Entrepreneur
Value Investing Is Back Kiplinger's Personal Finance
One of the Biggest Mistakes in Investing A Wealth of Common Sense
A guide to investing in gold Yahoo News
The investing conundrum: Too much information but not enough ... Westfair Online
Are You Your Own Worst Enemy When It Comes to Investing? The Motley Fool
Personal Principles With Investing??"Part I Financial Advisor Magazine
Investing & Finance New York State Attorney General
Fact Sheet: Investing in America: Biden-Harris Administration Boosts ... - US Department of Commerce
Fact Sheet: Investing in America: Biden-Harris Administration Boosts ... US Department of Commerce
NBA star Giannis Antetokounmpo on promoting financial literacy through sustainable investing - CBS News
NBA star Giannis Antetokounmpo on promoting financial literacy through sustainable investing CBS News
Stanford's Ashby Monk sees 'portfolio positioning' as the future of ... Pensions & Investments
Investing in Facebook Stock The Motley Fool
Stock Market Sell-Off: Where to Invest $500 Right Now The Motley Fool
Join These Motley Fool Investors for "The Market Cap Game Show" The Motley Fool
Where to Invest $1,500 Right Now The Motley Fool
Yield Curves and Debt Ceilings: Investing Beyond the Headlines AllianceBernstein
GMO Takes Pragmatic View On Climate Change Investing Financial Advisor Magazine
Impact Investing vs. ESG Nasdaq
Why Focusing on This One Aspect of Investing Can Make You a ... The Motley Fool
Secretary Haaland Visits Texas as Part of Biden Administration's ... - US Department of the Interior
Secretary Haaland Visits Texas as Part of Biden Administration's ... US Department of the Interior
4 Dates for Disney Stock Investors to Circle in April The Motley Fool
Jill Biden making 4-state 'Investing in America' blitz in preview of possible reelection deployment - CNN
Jill Biden making 4-state 'Investing in America' blitz in preview of possible reelection deployment CNN
How to Invest in Apple Stock The Motley Fool
The Week in Impact Investing: Theory of Change ImpactAlpha
Investing in Coactive Andreessen Horowitz
Roku Stock Is Up Nearly 50% In 2023, But Investors Shouldn't ... The Motley Fool
Virginia Tech's Commodity Investing by Students and alumni take a ... Virginia Tech Daily
Understanding Sector Investing and Market Sectors | Chase Chase News & Stories
Core Inflation: What is Value Investing? | Chase Chase News & Stories
Women aren't investing at the same rate as men. Here's why it matters—and how the gap can be closed - CNBC
Women aren't investing at the same rate as men. Here's why it matters—and how the gap can be closed CNBC
Investors Seek Safety in Tech Stocks, Money-Market Funds The Wall Street Journal
Investing in Believer Andreessen Horowitz
3 Things About Apple That Smart Investors Know The Motley Fool
Tesla Deliveries, Jobs Report Headline Investing Action Plan Investor's Business Daily
Investing in Character.AI Andreessen Horowitz
Factor-Based Investing Strategies Morgan Stanley
1 Valuable Lesson Growth Investors Learned From the SVB Collapse The Motley Fool
Investing in CCP Games Andreessen Horowitz
The Fundamentals of Value Investing The Motley Fool
I’m a Self-Made Millionaire: These Are the 6 Investments Everyone Should Make During an Economic Downturn - Yahoo Finance
I’m a Self-Made Millionaire: These Are the 6 Investments Everyone Should Make During an Economic Downturn Yahoo Finance
Investors in Fennec Pharmaceuticals (NASDAQ:FENC) have made a notable return of 52% over the past three years - Yahoo Finance
Investors in Fennec Pharmaceuticals (NASDAQ:FENC) have made a notable return of 52% over the past three years Yahoo Finance
Congressman Higgins Votes to Approve Energy Bill Investing Over ... Congressman Brian Higgins
5 things you may have missed in investing this week Yahoo Finance
Retirement Plan Considerations Cheat Sheet for Small Business
RETIREMENT PLAN CONSIDERATIONS are something every small business person needs to be thinking about. Do you have a strategic plan? Don't expect to have social security save you.
Remembering TEOTWAWKI and Learning from It
Its only been about 5 years since we had major scares in the marketplace regarding Y2K. You might recall that many computer systems were not programmed to be able to understand the change from 1999 to 2000.
Angels, Are They Real?
They're real, but few survive. High risk investing is dangerous to your bank balance.
Investing 101: Risk Terminology - BETA
About thirty years ago, statisticians armed with all of theirstatistical theories began to confront the financial markets. Ahandful of useful tools emerged that the average investor shouldbe familiar with when they look to purchase stocks.
5 Day Trading Tips for Success
1. How to Treat Gap Openings A gap up or gap down open is an emotional move, and it often will reverse course and turn in to "trap open".
Wit and Wisdom on Money, Wall Street and Success - Part #1
I love to collect quotes as they concisely promote a philosophy which is readily understandable.In my 25+ years of investing I have collected hundreds of quotes related to Wisdom, Wall Street and Success.
The economic data reported Fri showed continued above trend growth with disinflation (at the core level, excluding food and energy) in the second quarter. Real output growth has slowed from about 4% in 2003 & 2004 to just over 3 1/2% so far this year, while a core inflation rate fell from 3% last quarter to 2%.
The Power of Small Numbers: Trading Success is Based on Consistency, Not Home Runs
Online trading is so seductive - just sit, click, and rake in the profits! But as anyone who has ever seriously attempted online trading will probably tell you, it's just not as easy as it sounds.Many beginning traders are seduced by the lure of the "home run", that big trade that makes you an instant millionaire and retires you overnight to your own private island paradise.
Approaches to Investing
Here is a small summary of the three major approaches to investing:1. Fundamental AnalysisTruly superior companies exist, are sometimes undervalued by markets, and can be identified by mostly financial research.
Is Your Mutual Fund the Right One for You?
Mutual Funds are considered to be one of the best investments one can get hands on. They're very flexible and cost-effective.
Types of Investment
The word 'investments' is one that most of us are familiar with hearing in financial context. For many of us, it may make us thing of big business and vasts sums of money, but there's much to the world of investments than multi-million dollar deals.
Property Investment Just Got Exciting
There is an area in Brazil that has lower crime & lower property prices than where your are probably sitting right now!Demand from the increasing retirement population and from those who have benefited from their own property markets are now pushing overseas property prices up. Brazilian property prices are still very low and offer the overseas property buyer quality real estate in stunning locations.
The Basics of Tax-Free UK Financial Spread Betting
Financial Spread Betting (or Trading) offers a tax free method of speculating on financial markets.Quite simply, if you think a particular index, share, commodity, currency or sector will rise, you place an UP bet.
Investing Offshore for Retirement
As an expatriate you are in a privileged savings and investing position. Make the most of the options available to you while you can, consider investing offshore for your retirement.
In a Time of Need
As I take my leisurely walk with my dog through the older section of the local cemetery, I pause to read the details on the barely legible, weathered headstones. I am fascinated with the dates, for I know each stone has a story to tell, a history of its own time and place, but only enough space for identity.
Trading Tips No 7: Developing a Casino Mentality for the Day Trader
I submit that the successful day trader would profit well to adopt a casino mentality. At first glance, this sounds reckless and nothing more than a gambling attitude - but it's not.
POOF goes your RRIF !
Some time ago I attended a seminar where participants were told to burn some money; a reasonably-sized amount of money. You should have heard the gnawing and gnashing of teeth in that room! Step right up, folks, and light it on fire.
College Savings Plans - Are They The Best Choice For My Child?
College Savings Plans - are they the best choice for my child?College Savings Plans, also called Section 529 plans, are one of the best ways to save for college because they offer:- Tax advantages- A variety of investment options- Flexible contribution options- Parental control- Little impact on eligibility for need-based financial aidTax advantagesInvestments in 529 plans are usually exempt from federal taxes. Earnings are tax-deferred and are not subject to capital gains taxes.
Seecrets on Investment: Tired of Making Huge Losses in the Stock Market - Part 1
Over 80% of all individual investors lose money in any given span of ten years. This figure is likely to be higher, given most people's reluctance to reveal their losses.
Just Say NO to Your Stock Broker
We have all heard that slogan that started back when Nancy Reagan was in Washington. It was all about drugs.
|home | site map|