Hey Gang,
It’s been quite a year so far, I can’t believe it’s already Thanksgiving! I thought I’d leave off with some timeless investment advice here before I head off to spend the next 36 hours pretending to like my relatives and cranberry anything.
Here goes:
Always seek out differing opinions and challenge your beliefs. Except when you know you’re right, then that other bullshit just becomes a distraction. Good luck with that.
It is very important to be flexible and open-minded. But invest with set rules and an iron discipline. Good luck with that.
Technical analysis and charts only tell you about what has already happened in the past. It’s much better to use the information from the future that we have when making decisions. Good luck with that.
Never run with the herd. It’s much better to be all alone on open ground, running in the wrong direction and wholly conspicuous to predators. Good luck with that.
Take your losses quickly. But don’t get scared out of a good position. Good luck with that.
Amateurs trade in the morning, pros trade in the afternoon, junkies trade overnight and lots of guys on TV just trade on paper. Good luck with that.
Be tactical and stay informed! But don’t try to time the market. Good luck with that.
If you missed the ten best days in the market over the last 50 years, your results suffered. If you didn’t miss the worst ten days in the market over the last 50 years, your results suffered. Good luck with that.
Never listen to someone who is talking their own book. But also never listen to someone who has no skin in the game. Good luck with that.
Don’t fight the Fed. Except when the Fed is wrong. Good luck with that.
Pigs get slaughtered and no one’s ever been wrong taking a profit! But let your profits run and don’t sell your winners. Good luck with that.
No one ever made money by panicking! But your first loss is your best loss and it’s better to be the first guy out rather than the last guy. Good luck with that.
Know your investments inside and out, study the management team and fundamentals and balance sheets and income statements until you know the company better than anyone. But don’t know it too well – because then you’ve got a “sunk cost” syndrome happening with the amount of time you’ve spent and you’ll be too attached. Good luck with that.
Buy the rumor, sell the news. Except if the rumor is false or the news is just a rumor. Good luck with that.
Buy when there’s blood in the streets. But never catch a falling knife, which could lead to there being more blood in the streets. Good luck with that.
Look for cheap stocks with cheap valuations. Except when they’re going to get cheaper – that’s not going to be fun. Good luck with that.
The trend is your friend and stick with what’s working. But skate to where the puck will be and buy what everyone else hates. Good luck with that.
And don’t get emotional.
Good luck with that.
Anyway, I hope these classic pieces of investment advice were clear as a bell and eminently helpful to you. Happy Thanksgiving, Pilgrims.
resize image
[…]usually posts some very intriguing stuff like this. If you are new to this site[…]
beginner sex toys
[…]Here is a superb Blog You might Come across Intriguing that we Encourage You[…]
Fastest Ram Processor
[…]that may be the finish of this article. Right here you will find some web sites that we think youll appreciate, just click the hyperlinks over[…]
دستگاه برش ليزر
[…]although internet sites we backlink to below are considerably not connected to ours, we really feel they’re actually really worth a go by, so possess a look[…]
egel d
[…]the time to read or go to the content or web sites we’ve linked to below the[…]
golf drivers
[…]just beneath, are several totally not related internet sites to ours, however, they may be certainly really worth going over[…]
prayer
[…]we like to honor lots of other internet internet sites around the web, even if they arent linked to us, by linking to them. Beneath are some webpages worth checking out[…]
brazilian hair
[…]that would be the finish of this post. Here you will come across some web pages that we consider youll value, just click the links over[…]
sex knowledge
[…]here are some links to web sites that we link to simply because we assume they may be really worth visiting[…]
Indian hair
[…]we came across a cool site that you just could enjoy. Take a search in the event you want[…]
disaster preparedness outside the home
[…]Every after inside a even though we pick blogs that we study. Listed beneath would be the most up-to-date web sites that we pick out […]
lesbian
[…]always a major fan of linking to bloggers that I appreciate but do not get a lot of link love from[…]
women’s fashion-wear
[…]that would be the end of this article. Here youll obtain some web sites that we think you will enjoy, just click the hyperlinks over[…]
advice for better health
[…]Here are a few of the websites we recommend for our visitors[…]
sexual health products
[…]Every when in a though we decide on blogs that we read. Listed below would be the newest internet sites that we choose […]