To most investors, the DJIA provides all of the information they think they need, and they worship it mindlessly, thinking that this time tattered average has mystical predictive and analytic powers far beyond the scope of any other market numbers. It's Wall Street's rendition of "The Emperor's New Clothes".
Losing money on an investment may not be the result of a mistake, and not all mistakes result in monetary losses. Compounding the problems that investors have managing their investment portfolios is the sideshowesque sensationalism that the media brings to the process. Avoid these ten common errors to improve your performance.
Let's not dwell upon the three or more levels of speculation that are the very foundation of all index funds… these things are designed for manipulation! Isn't "Passive Management" as much of an oxymoron as "Variable Annuity"? The Investment Gods are not happy.
Expert Author: | Category: Taxes A Government that bemoans the population's low savings and investment rates has only itself to blame, and Wall Street Institutions are happy to exacerbate the problem with their own financial pandemic of products, strategies, and tax deferral/avoidance schemes. It's time to reinvent this wheel!
The Stock Market is a dynamic place where investors can consistently make reasonable returns on their capital if they comply with the basic principles of the endeavor AND if they don't measure their progress too frequently with irrelevant measuring devices. Five simple concepts of Asset Allocation, Investment Strategy, and Psychology are summed up quite nicely in the "The Investor's Creed".
Predicting the performance of individual issues is a totally different ball game that requires an even more powerful crystal ball and a whole array of completely illegal relationships. No one can predict individual issue price movements legally, consistently, or in a timely manner.
Why do people become Investment Advisors? Call me skeptical, but I don’t think it’s the ethereal glow they feel after implementing your new Financial Plan. Actually (once you appreciate that IAs are the primary delivery system for Wall Street’s huge collection of one-size-fits-all products), you’ll realize that it’s the money.
Every December, with visions of sugarplums dancing in their heads, investors begin to scrutinize their performance, formulate coulda’s and shoulda’s, and determine what to try next year. It’s an annual, masochistic, right of passage.
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