Prosperity

 
It has fallen upon the consumer to make our economy strong. All the politicians, economists and talking heads on TV are telling him (that's you and me) to get out there and spend your money. Buy that new car, build a new house and fly off to some remote place for an expensive vacation. Where did the idea that consumer borrowing is a recipe for prosperity? As I recall when I was a kid my Dad told me to work hard, save my money and invest wisely. That still seems like a good idea. Where have I gone wrong to want to live within my means and save some of what I earn?...
 

Planning Your Dive and Diving Your Plan - Trading!

 
A colleague of mine just returned from a scuba diving trip inCozumel, which just happens to be one of my favorite places todive. Anyway, she was telling me about an unexpected difficultyshe encountered while swimming around the corral reef down about85 feet. It wasn't anything serious but her story reminded me ofsomething my scuba instructor used to say over and over again."Plan your dive, and dive your plan". When you're down about 90 or 100 feet the nitrogen acts on yourbody in a way that's not too dissimilar to having one drymartini on an empty stomach....
 

The Golden Goose is Sick

 
It is finally catching up with them. The brokerage companies I mean. For years they have been feeding bad food to their flock and now the flock is rebelling. The customer has been low man on the totem pole for too long. That food has been the disinformation that has caused customers to lose large sums of money. Last year there were 33,000 brokerage company recommendations for thousands of stocks. Things like Strong Buy, Buy, Long Term Buy, Outperform, Underperform, Neutral, and Hold. The one word that was missing was Sell....
 

Bad News is Good News

 
For weeks, no, months we have been bombarded with nothing but negative news about the economy in general and thousands of individual companies. The stock market has dropped thousands of points and more than $8 trillion in paper assets have disappeared. Note I said paper assets because until you turn it into spendable money these numbers are but a figure on a piece of paper. Sure that doesn't make you feel any better when you bought Lucent at $80 and have seen it go to 80 cents. You could have protected you profits or reduced your loss if you have placed an open stop-loss order with your broker....
 

What is a Trading Plan - and Why You Need One?

 
How do you make money without picking tops and bottoms? I am glad you asked... Successful trading is similar to a successful business. You see, every successful business has a business plan so do successful traders. The astute reader knows that, successful traders have a systematic way they approach the market. The definition of a trading system is a trader's business plan; it defines your approach to trading... 1. A properly constructed trading system will leave no room for human judgment 2....
 

Mutual Fund Commissions

 
You have heard about a particular mutualfund from a friend, saw it advertised on TV or readabout it in some publication thought it would bea good buy. Next you call your broker to get hisadvice before you buy because he is an expertand is there to help you make money. "Hello, Billy Sol (see Billy Sol Estes onGoogle), this is Joe Mushroom and I want to buysome XYZ mutual fund. What do you think?" "Joe, I was just thinking about you and wasgoing to call you, but first let me look up XYZfor you....
 

Making a Stock Watch List

 
I am taking the time to help others learn the basics in evaluating stocks for investment using both fundamental and technical analysis. Both tools are equally important in making serious decisions with your hard earned CASH! Start your search by looking for stocks with superior fundamentals. After fundamentals are established, look to see if this particular stock is in good company, by this I mean a strong industry group - similar stocks, historically move in the same direction (this is fact not opinion)....
 

Intervention

 
Intervention. Now don't let that big word scare you. The talking heads on TV have been discussing it all week because the major banks of the world are going to "prop up" the Euro. What the heck is the "euro"? This is a currency just like the British Pound, the French Franc and the German Duetschmark, but it supercedes those currencies and is supposed to ultimately replace them as the money of all the European countries. It is another layer on top of the currency of each country. It was introduced in January 1999 and has been sinking ever since....
 

How Much Money Can I Make With Trading? What Account Size Do I Need To Start?

 
What account size do I need? How much money can I make with trading? First of all, let's clarify a common misunderstanding: You never risk your full account size. You always have a "catastrophic stop", and it is important to define the "ruin" before you start trading. Let's say you start with a $10,000 account, and you decide to stop trading if you lost $2,000. In this example you are "ruined" if your account decreases to $8,000. Though you invest $10,000, you only risk $2,000....
 

Diversification

 
Wall Street's watchword has always been diversification, but what does it mean and why do they say it? The standard Wall Street definition is flexible because each broker or financial planner will vary the portfolio based on your age and income. They say that the younger you are the more risk you should take and the older you are the less risk. They design a group of individual stocks, mutual funds and bonds to fit your personal profile and inclination toward risk. For a young guy under age 35 they will put you into more high flyer type stocks, hardly any mutual funds and no bonds....
 

The Seven Mistakes All Novice Traders Make and How to Correct Them

 
We learnt the following the hard way! If any of these things applies to you, don't worry - there is an easy solution! MISTAKE ONE Lack of Knowledge and No Plan It amazes us that some people expect to trade the stock market successfully without any effort. Yet if they want to take up golf, for example, they will happily take some lessons or at least read a book before heading out onto the course. The stock market is not the place for the ill informed. But learning what you need is straightforward - you just need someone to show you the way....
 
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