Idiot"s Guide To Investing II
I swear the market knows when you are investing. You put your money in and bam, down goes the stock's price. You need to pay off something and bam, down goes the stock's price. After you have sold the stock it moves up in price like rocket headed for the moon. Then there are the mass media financial pundits and investment advisers (with or without license); who take it upon themselves to tell you how to invest. If someone is giving investment advice to others they should have a portfolio that shows what their advice actually did. But then everyone would know how to make money. Can't have that!
The advice you receive is not going to guarantee the results of following said advice. You could be doing just as well throwing darts at the Wall Street Journal to pick your stocks. You would have the same guarantee! I remember a gentleman in a three piece blue pinstripe suit pontificating to me the eternal secret of stock profits. "Buy low," Pause now and wait for it! "Sell high." Doesn't it make you want to cry. Who would ever want you to buy high and sell low? The government when it deflates our currency. In a mass delusion you purchased these tulips at a dear price. Now no one wants them.
Let's make some simple rules to guide our endeavors in the market place:
1. No matter what is said and done in the market. We will take your money.
2. Due diligence, risk, loss of funds, and shenanigans are borne by you.
3. Never buy a stock that no one wants. There's a reason no one is buying it!
4. Never buy a stock that everyone is buying. Someone is driving up the price on this turkey!
5. Always read the financial reports regarding your investments.
Think Enron and all the CPAs who showed no problems.
6. Depend on the Government to keep Wall Street honest.
7. Money corrodes morals faster than politicians lie.
8. Never invest in anything you don't understand.
9. Never invest in anything you do understand. You probably being lied to.
10. Stocks don't always rise when it's time for you to retire.
11. There is a date by when Social Security can't pay its recipients.
I mean please give me a break. The government hasn't figured out how to get to Wall Street, let alone monitor it. Wall Street told the government they were too big to fail. To which the government blinked in its lack of economic theory and said, "How Much DO YOU THINK YOU NEED!" This a great country that will even bodyguard the fox leaving the hen house with blood and feathers all around. As one of the beat down folks said. "Can't we all just get along?"
The advice you receive is not going to guarantee the results of following said advice. You could be doing just as well throwing darts at the Wall Street Journal to pick your stocks. You would have the same guarantee! I remember a gentleman in a three piece blue pinstripe suit pontificating to me the eternal secret of stock profits. "Buy low," Pause now and wait for it! "Sell high." Doesn't it make you want to cry. Who would ever want you to buy high and sell low? The government when it deflates our currency. In a mass delusion you purchased these tulips at a dear price. Now no one wants them.
Let's make some simple rules to guide our endeavors in the market place:
1. No matter what is said and done in the market. We will take your money.
2. Due diligence, risk, loss of funds, and shenanigans are borne by you.
3. Never buy a stock that no one wants. There's a reason no one is buying it!
4. Never buy a stock that everyone is buying. Someone is driving up the price on this turkey!
5. Always read the financial reports regarding your investments.
Think Enron and all the CPAs who showed no problems.
6. Depend on the Government to keep Wall Street honest.
7. Money corrodes morals faster than politicians lie.
8. Never invest in anything you don't understand.
9. Never invest in anything you do understand. You probably being lied to.
10. Stocks don't always rise when it's time for you to retire.
11. There is a date by when Social Security can't pay its recipients.
I mean please give me a break. The government hasn't figured out how to get to Wall Street, let alone monitor it. Wall Street told the government they were too big to fail. To which the government blinked in its lack of economic theory and said, "How Much DO YOU THINK YOU NEED!" This a great country that will even bodyguard the fox leaving the hen house with blood and feathers all around. As one of the beat down folks said. "Can't we all just get along?"
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