There’s a time for everything. The time to get into stocks is when prices are low, not when they are high. This is not exactly advanced geophysics, but when they are at epic lows there is more upside.
Time marches on and nearly every things change. It has always been that way. In physics there is a term entropy " It represents the natural tendency of systems to move from ordered to disordered states" and the term, a case could be made applies to the stock markets. John Prine had a lyric that could apply to markets as well - "Did you every notice when your feeling really good, there is always a pigeon who will shit on your hood.
In my case when I got started in investing was when IRA's had just come out. It seemed it was going to be easy you find someone who tells you they know what they are doing, and since you don't you buy the Kool-Aid. It took me 3 years to find out paying 8.5% to IDS as a management commission to consistently lose me money. The 4th year I woke up. At my meeting that year I was advised stick in it for the long haul, I replied I was going to do better for sure the next year by myself. The response was how are you going to do that? I stated I simply was going to quit paying someone to lose my money and I would for sure be 8.5% ahead. I was in my 20's then and I am 68 now and along the way age has something to do with wisdom. Never to old to learn something new.
No one will watch your money like you will. The fix was I needed to get smarter and learned something & I joined AAII the American Association of Individual Investors, I read Peter Lynch the famous fidelity manager, I read John Bogle the head of Vanguard, and by continuing to read and educate my self on what was happening one got a bit of an education. Further down the road I heard about George Soros, Warren Buffet, Ray Dalio, John Templeton, Carl Icahn and eventually this fellow Bill Bonner and his team including Tom Dyson. I like Tom he is bright, interesting, he is straight forward on what he doesn't know and if in a quandary he admits it.
I don't believe there is one simple answer but when you look at what works for others you can start to develop a plan and my thoughts are you will be able to start to filter out the noise. Don't put all of your eggs in a single basket. Just about every bodies theory works sometime and most likely know ones works all of the time.
Lastly my advice to anyone reading is quite simply ask questions and "If your in a room and your the brightest one in the room you need to realize that your in the wrong room."
I have worked for myself most of my life in industry in a finishing plant that does metal plating. There is no school or university you can go to to learn the trade therefore 80% + of most facilities are family run. What I have learned over all of the years is don't be afraid to try something new and also never waste a mistake. Mistakes educate you & point out what doesn't work and guide you to try something else that perhaps will!
I will make a case for many here by reading the American Association of individual investors it is a great place to meet like minded folks who are all trying to put together what we are trying to do here. You can run ideas by one another and often learn something in the process. They may challenge your thoughts and you may come away a bit smarter and or avoid making a mistake someone already has. Looking at other perspectives has should help you understand yours better and may even change your mind!
Hmmm.......does it always go on as it was before? At one point America was the engine for the World. It isn't any more. But, then, the U.S. was the safe haven for the World. Stock market, currency, and land were always safe havens even if your stock picks went south. But today, the world it is a-changin' as Bobby Dylan lamented. The U.S. isn't the safe haven and most country are beginning to see that. The Empire is no more and even our neighbors to the north and south are finding the U.S. unfriendly. Where does this lead as the US$ does not have the hegemony anymore? And, our government seems to focus more on international concerns and less on the U.S. economy and jobs here in the U.S. As ol' Bill said - "That’s what we’re going to find out."
It is the theme that most of us bought into - always worth repeating. And as a bonus, no politics.
Time marches on and nearly every things change. It has always been that way. In physics there is a term entropy " It represents the natural tendency of systems to move from ordered to disordered states" and the term, a case could be made applies to the stock markets. John Prine had a lyric that could apply to markets as well - "Did you every notice when your feeling really good, there is always a pigeon who will shit on your hood.
In my case when I got started in investing was when IRA's had just come out. It seemed it was going to be easy you find someone who tells you they know what they are doing, and since you don't you buy the Kool-Aid. It took me 3 years to find out paying 8.5% to IDS as a management commission to consistently lose me money. The 4th year I woke up. At my meeting that year I was advised stick in it for the long haul, I replied I was going to do better for sure the next year by myself. The response was how are you going to do that? I stated I simply was going to quit paying someone to lose my money and I would for sure be 8.5% ahead. I was in my 20's then and I am 68 now and along the way age has something to do with wisdom. Never to old to learn something new.
No one will watch your money like you will. The fix was I needed to get smarter and learned something & I joined AAII the American Association of Individual Investors, I read Peter Lynch the famous fidelity manager, I read John Bogle the head of Vanguard, and by continuing to read and educate my self on what was happening one got a bit of an education. Further down the road I heard about George Soros, Warren Buffet, Ray Dalio, John Templeton, Carl Icahn and eventually this fellow Bill Bonner and his team including Tom Dyson. I like Tom he is bright, interesting, he is straight forward on what he doesn't know and if in a quandary he admits it.
I don't believe there is one simple answer but when you look at what works for others you can start to develop a plan and my thoughts are you will be able to start to filter out the noise. Don't put all of your eggs in a single basket. Just about every bodies theory works sometime and most likely know ones works all of the time.
Lastly my advice to anyone reading is quite simply ask questions and "If your in a room and your the brightest one in the room you need to realize that your in the wrong room."
I have worked for myself most of my life in industry in a finishing plant that does metal plating. There is no school or university you can go to to learn the trade therefore 80% + of most facilities are family run. What I have learned over all of the years is don't be afraid to try something new and also never waste a mistake. Mistakes educate you & point out what doesn't work and guide you to try something else that perhaps will!
I will make a case for many here by reading the American Association of individual investors it is a great place to meet like minded folks who are all trying to put together what we are trying to do here. You can run ideas by one another and often learn something in the process. They may challenge your thoughts and you may come away a bit smarter and or avoid making a mistake someone already has. Looking at other perspectives has should help you understand yours better and may even change your mind!
Playing the market requires diligence.
Mr. Bonner it seems assumes his readers merely pick a stock, dump money into it and pray.
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I believe most of us first study the charts, weight the P/E, compare past performance, review the company fundamentals... then pray.
What is the result of we reinvest the dividends?
Hmmm.......does it always go on as it was before? At one point America was the engine for the World. It isn't any more. But, then, the U.S. was the safe haven for the World. Stock market, currency, and land were always safe havens even if your stock picks went south. But today, the world it is a-changin' as Bobby Dylan lamented. The U.S. isn't the safe haven and most country are beginning to see that. The Empire is no more and even our neighbors to the north and south are finding the U.S. unfriendly. Where does this lead as the US$ does not have the hegemony anymore? And, our government seems to focus more on international concerns and less on the U.S. economy and jobs here in the U.S. As ol' Bill said - "That’s what we’re going to find out."