An Old Proverb for Investing






"If you don't know where you are going, any road will get you there."

This very much applies to the your retirement plans especially if you are investing in the stock market. The proverb clearly states you need to know where you are going and how to get there. Right now, do you know how much money you are going to need to retire in the style you wish and, right now, do you have a plan to get that money put away?

Unfortunately, most people don't. Many are saving, but with no plan. Are you one of those who let his broker or financial planner do the investing for you? I sure hope not. When I owned my brokerage company I can tell you about 1% of these "experts" know how to make money. My definition of a broker is one who makes you broker.



Brokers will talk circles around you with all the usual Wall Street smoke and mirrors. Their two great myths are "Buy and Hold" and "Dollar Cost Averaging", both of which don't work very well. And then they will mesmerize you with "Research" which is the greatest waste of time I can think of. Brokers are not taught how to make money and they don't even realize it. Their training is designed to keep the brokerage house from being sued. Brokers have been good students, but badly taught.

Let me prove that to you. If research was so good then why isn't every broker rich? He has access to more information than you will ever be able to get. The big wire houses subscribe to tons of information. Brokers seem to confuse information with money-making. Information is of no value at all if you can't turn it into the purchase of a stock or mutual fund that is going up.

I maintain you don't need to know anything about a stock or mutual fund. All you need to do is look at a chart of a particular equity and if it is going up at a 30-degree angle over the long term (last 3 months), then buy it. When it quits going up, sell it and find another one. Brokers will tell you this is too simplistic and won't work. As I said they have been badly taught.

If you are not happy with the returns on your investment portfolio you will want to reanalyze your goal. Set an amount. Change direction. Get on a better road to achieve that goal.

You cannot rely on someone else to do it for you. It is not their money, it is yours. No one will take the interest in that you do. Just do 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

 Continue for more related information:
RELATED RESULTS:


 

Stock Market Volatility
In my opinion, due to the volatility of stock market prices(the rise and fall of stock prices), an investment planshould incorporate both the...

Heart Disease and Homocysteine
Are you aware that one of the most important indicators of heart disease is homocysteine? -1 ...

Gallbladder Disorders And How To Treat Them Using Natural Remedies
The gallbladder is a 3 to 4 inch-long pear-shaped organ located on the right side of the body, dir...

Using Essential Fatty Acids for Reducing Arthritis Joint Pain
Essential fatty acids provide protection for the whole body. In particular it is effective in reducing ...

Stock Chart Reading
As an investor you will want to checkout any equity before you buy it. Many investorsgo to Morningstar which is one of the largestproviders of mut...

Jack and Jill
Jack and Jill went up the hill to fetch abucket of ?money. Money? They are continuingto fill their bucket with stocks without anyconsideration to the v...

Bad Breath and Gingivitis
Does this sound familiar to you? My dentist and hygienist mentioned that I had irritated gums as they cleaned my teeth. This is a symptom o...

3 Quick Herbal Remedies
In recent years the issue of Alternative Healing hasskyrocketed to the forefront of the medical field.A 2004 government survey concluded that...

The 1% Solution
You probably know the story of Sherlock Holmes and the 7% solution. He had a drug addiction. He needed the drug. He was able to control his addiction...

Dont Spend Another Dollar on Business Opportunities Until You Read This
With an insecure job market, overworked employees,insufficient retirement savings and parents...
Table of Contents | Article-Max Directory