Investing Information

What my horse had for breakfast - investing

 

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 as of his diet and a great jockey will be riding him.

Kinda reminds me of what my adviser (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 director (the jockey). I did what he said and cautiously read the yearly arrive and the booklet too. Sounds great so I bought it.

What I can't absorb is I did all the equipment the horse teacher said I must and "Rocket", my horse's name, still came in 6th in an 8-horse race. All I sought after 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 Boulevard and has 60 of the best known ballet company stocks I can think of and yet it is going down. I am doing all that predictable wisdom says I should, but I go on to lose. Is there and answer?

I am not so sure about the horse, but I know the conformist wisdom of Wall Road is customarily smoke and mirrors. I read the Twelve-monthly Report, but I forgot that "annual" means that much of the in order is over a year old. How much help can that be? And I forgot that the booklet was not in black and white to enlighten me, but for the bean counters in Washington. It is believed to make existing to me all the monetary in order I need to make a assessment to buy. All of this delve into is nonsense, as it will not tell me the one most crucial thing I need to know - will the price amplify so I can make a profit? Unfortunately, my dealer is not going to be much help here any as he has been qualified by the Wall Boulevard approach which has nobody to do with assembly money or defensive my capital.

Anyone can look up all kinds of information, but when it comes down to it ask this question: Will deliberate all that stuff make me any money? I all the time appear that if I can find it out it isn't worth calculating any more as that in a row is before now reflected in the price of the stock or mutual fund. So why bother?

Wall Avenue brokerage companies want you to do all that "research" since if what you buy doesn't go up they can say you knew the whole thing about it beforehand you bought it. It wasn't their fault you did not appreciate 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 associates make money and keep their profits with his down-to-earth 2-step method. Read the first episode at http://www. mutualfundmagic. com and come across why he's the man that Wall Lane does not want you to know.


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