Good news for Ford fans
- Thread starter Red Rocket
- Start date
The biggest obstacle one has to overcome is themselves and the way one handles the stress of investing. That's why Marines make such good stock traders. The book I recommended is a must read for anyone, not just investors but for anyone who wants to broaden themselves.
Happy Fourth to our friends. Have a safe one.
B O N Y
MODERATOR & FGT OWNER
He has a web site, if you send me an email at Bonyhadi@gmail.com I will send you a sample. There is nobody better, does three portfolios, one for folks starting out, one for folks seeing retirement on the horizon and one for retired folks. I read every business publication I can get my hands on, and have yet to see his equal. Every stock broker crawls in a hole when they hear his name mentioned.
SYCO GT
GT Owner
Fear and Greed are the big enemies to achieving strong and consistent returns in the stock market.
Fear may lead to premature selling and greed may lead to not selling soon enough. (among other things).
Discipline and established exit strategy (set in advance) are beneficial qualities.
I'm a former licensed securities portfolio specialist, but my personal strategy for myself now is to use professional fee based asset managers, to avoid commission conflicts, and set up portfolio strategies with ranges of expected returns based on risk, while I focus on my full time employment in another industry. (and family, and my GT)...
And then, since I still enjoythe financial markets, I keep a small portion that I "trade" with, meaning stocks that I may buy and sell in less than a year's time. Ideally, I try to keep them longer than 12 months, for tax purposes...But it doesn't always happen that way, since I'm not afraid to take a profit and pay short term capital gains taxes.
(Just my personal strategy, not intended as investment or stock advice)...
Fear may lead to premature selling and greed may lead to not selling soon enough. (among other things).
Discipline and established exit strategy (set in advance) are beneficial qualities.
I'm a former licensed securities portfolio specialist, but my personal strategy for myself now is to use professional fee based asset managers, to avoid commission conflicts, and set up portfolio strategies with ranges of expected returns based on risk, while I focus on my full time employment in another industry. (and family, and my GT)...
And then, since I still enjoythe financial markets, I keep a small portion that I "trade" with, meaning stocks that I may buy and sell in less than a year's time. Ideally, I try to keep them longer than 12 months, for tax purposes...But it doesn't always happen that way, since I'm not afraid to take a profit and pay short term capital gains taxes.
(Just my personal strategy, not intended as investment or stock advice)...
Last edited: